This calculator is a guide only, it does not take into account your personal financial situation.

The current interest rate for all Westpac personal loans is 13.90% p.a.¹.  Note that an establishment fee of $100 may apply.  

Applying for a personal loan 

You can apply to borrow up to $50,000 unsecured – or maybe more, depending on your circumstances. Our standard loan terms run from 6 months to 5 years, but if this is not suitable, talk to one of our lending specialists on 0800 177 277 to see if we can help.


What is a personal loan?

A Westpac personal loan can let you borrow money to help you pay for the things you need or want, which is almost anything.

With a personal loan you’ll be charged interest on the amount you borrow over the term of your loan and a one-off establishment fee may apply. More information can be found here.

If you want to pay your personal loan off sooner, you can. There are no early payment fees, so you can make repayments above the minimum required, to help you pay your loan off faster and save money on interest.

How it works.

Here’s an example: If you borrow $10,000 over 3 years at 13.90% p.a.¹; with a monthly repayment of $345, the total amount you’d need to repay would be $12,409 (including a $100 establishment fee).


Things you should know.

¹Interest rate is subject to change. If you do not pay amounts when they are due and this causes your loan account to exceed your limit, the rate of interest that applies to that overlimit amount will be the interest rate + 5% p.a.

This calculator is provided as a guide only. It does not take into account your personal financial situation or goals. You should make your own judgements, and seek independent legal and financial advice before committing to any loan agreements. The calculated figures are for illustrative purposes only and are based on the accuracy of the information entered. It does not constitute a quotation or offer of finance by Westpac.

Westpac’s eligibility criteria, lending criteria, terms and conditions apply. An establishment fee of $100 may apply. You’ll need to be 18 or older and a New Zealand citizen or permanent resident. If you’re not a New Zealand citizen or permanent resident but you’re working in New Zealand, or you don’t meet the other criteria, we still may be able to help.

The Westpac personal loan interest rate (also known as the annual interest rate) is a combination of a personal loan rate/personal lending rate and a margin. The Westpac standard personal loan interest rate of 13.90% p.a. is currently based on a personal loan rate/personal lending rate of 14.00% p.a. less a margin of 0.10% p.a. Westpac may change the personal loan rate/personal lending rate, or replace it with a new personal loan rate/personal lending rate and/or change the margin from time to time.

Documents and fees.

Personal Loan Terms and Conditions

Sample of Personal Loan Summary

Transaction and Service Fees

General Terms and Conditions