Personal Loans Calculator

The Westpac personal loan calculator gives you an idea of what your personal loan repayments could be, how much you could afford to borrow, and how long it could take to pay off your loan.

The current interest rate for all Westpac personal loans is 13.90% p.a..

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

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 to see if we can help.

Once you have applied, we won’t leave you waiting around. We can usually approve a loan within 48 hours (or less) and get the money into your account by the following business day.

Terms and conditions

Interest rate current as at 2 December 2020 and subject to change without notice.

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.