We're dealing with increased demand.
There’ll be a delay to processing any online applications.
If your request is urgent please call us on 0800 606 606.
How it works
Sorting out finance for your next adventure is simple with Westpac.
You can apply to borrow up to $50,000 unsecured or maybe more, depending on your circumstances.
Our standard loan terms run from 1 to 5 years, but if you'd prefer a different loan term, talk to one of our lending specialists to see if we can help.
Once you've completed your application, 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 day.
Repayments and fees
We want to be upfront about what you will pay and why. Here's what you need to know about our personal loan payments and fees:
| Personal loans - Fees | |
| Fee type | Fee amount |
|---|---|
| Establishment and documentation fee |
$100 per loan |
| Loan payment failed fee |
$10 per failure |
| Overdue payment (You will be charged default interest in addition to the normal interest rate on any overdue balance until the overdue balance is paid.) |
5% p.a. |
See what your repayments could be
Before you apply for a loan, it’s important to make sure that the repayments are within your budget and suit your financial situation.
For 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).
Use our personal loan calculator to get an idea of how much you can borrow, what your repayments would be and how long you would need to make them for.
How to apply
Applying for a Westpac Personal Loan for your next adventure is easy - you can do it all online in a few minutes.
More about our Travel Loans
A secured loan is one that is protected by an asset that is used as collateral to get the loan. This means that if you do default on the loan, your asset such as your house or car can be taken by the lender.
An unsecured loan doesn’t require any asset as collateral, and if you do miss payments there is no risk of your property being repossessed.
Westpac provides unsecured personal loans so there is no need for your assets to be used as security.
Most loan applications only take a couple of days to turn around.
Once your loan gets the green light, the money should be in your Westpac account by the following day.
No. There is absolutely no penalty or fee for early repayment.
Give our team a call on 0800 177 277 to see how we can help.
Travel insurance is not automatically added on to personal loans. However, Westpac has partnered with Cover-More to provide comprehensive travel insurance that includes a 24hour call centre for emergencies. If you would like to add-on travel insurance, please visit Travel Insurance for more information.
