Why choose Bankwest


  • Flexible repayment options
  • Flexible loan terms
  • Apply online


  • Minimum loan amount of $5000 required
  • Upfront fees
  • Ongoing fees

Bankwest Personal Loans

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Unsecured Personal Loan
  • 3 to 7 years
  • Unsecured
  • Fixed Rate

Australian Credit Licence 234945Fees & charges apply

Personal Loans calculator

Use our personal loan calculator to see how much you’d have to repay under different borrowing scenarios.


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based on a $30,000 loan for 5 years at 10.99%

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Features of a Bankwest personal loan

Bankwest offers a secured car loan at a moderately low rate, an unsecured personal loan with a moderate rate but not many features, and another unsecured personal loan with a moderately high interest rate but more flexibility. While these products have some features in common, they are quite different when it comes to paying out the loan early.

The Bankwest secured car loan can be used to purchase cars and motorcycles less than seven years old, or worth more than $10,000. You can make extra repayments on this fixed loan, but you'll be charged an early exit fee if you pay it off within 24 months. 

The unsecured Bankwest personal loan has a moderately low interest rate, but you’ll be charged a penalty if you pay out the loan in full before 24 months. There is also no redraw facility available on this loan and the minimum loan term for this product is three years.

If you prefer flexibility, you can opt for the Flexible Bankwest personal loan, which lets you to take out a loan term of as little as 12 months. There is no penalty for paying off your loan early and a redraw facility if you want to re-access funds. Both unsecured loans have a minimum loan amount of $5,000 and a maximum amount of $50,000.

Bankwest personal loans charge an above average application fee and ongoing monthly fees during the life of the loan. There is a small fee charged for missing payments. Borrowers looking for flexibility can choose between weekly, fortnightly or monthly repayments.

Bankwest personal loans can be used for a range of different purposes including:

  • Debt consolidation
  • Buying a car
  • Medical bills
  • Renovations and home improvement
  • Travel and holidays
  • Weddings and other occasions

Bankwest personal loans – customer service

Customers looking to contact Bankwest customer service can call the personal banking hotline 7 days a week between 8:00am – 8:00pm.

Other ways to contact Bankwest include:

  • Online banking
  • Online live chat
  • Instant messaging through mobile app
  • Email
  • Phone
  • Online chat forum

Who is eligible for a Bankwest personal loan?

To be eligible for a Bankwest personal loan, you’ll need to meet the following criteria:

  • Be at least 18 years old  
  • Be an Australian citizen, permanent resident or have a valid visa
  • Be an Australian citizen or permanent resident
  • Have a regular source of income

How to apply for a Bankwest personal loan?

Applications for a Bankwest personal loan can be made online or in store. The process is simple and involves the following steps:

  • Once you’ve compared personal loans and calculated your repayments, click the ‘apply’ button on the Bankwest website
  • Existing Bankwest customers can login using their existing details. New customers will need to register.
  • Once your application is completed, Bankwest will review your application
  • Upon final approval, the funds will be credited to your loan account

At the time of application, you’ll need to provide the following documentation:

  • Proof of identity
  • Proof of income and employment
  • Details of any other financial commitments
  • Contact details for a reference

Bankwest personal loans review

The Bankwest personal loans are not the most competitive products on the market but they could suit borrowers who are looking to borrow from an established bank. Bankwest personal loans come with a range of fees including a sizeable application fee and a monthly account keeping fee.

These loans have a minimum borrowing amount of $5,000, which may be too much for borrowers looking to use the loan to cover a small expense. Also, be aware that the lower rate unsecured personal loan has a minimum loan term of three years.

While Bankwest loans aren’t the most competitive on the market in terms of price, customers will enjoy a 24/7 phone banking hotline and branch access if they live close to a branch.

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^Words such as "top", "best", "cheapest" or "lowest" are not a recommendation or rating of products. This page compares a range of products from selected providers and not all products or providers are included in the comparison. There is no such thing as a 'one- size-fits-all' financial product. The best loan, credit card, superannuation account or bank account for you might not be the best choice for someone else. Before selecting any financial product you should read the fine print carefully, including the product disclosure statement, target market determination fact sheet or terms and conditions document and obtain professional financial advice on whether a product is right for you and your finances.