Why choose Westpac


  • Can apply online
  • Can apply in branch
  • Flexible repayment schedule


  • Monthly fee charged
  • Application fee charged
  • Has ongoing fees

Westpac Personal Loans

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Total repayments

Australian Credit Licence 233714Fees & charges apply


up to 20.49%


up to 21.61%



Unsecured Personal Loan
  • 1 to 7 years
  • Unsecured
  • Fixed Rate
  • Instant approval

Australian Credit Licence 233714Fees & charges apply

Australian Credit Licence 233714Fees & charges apply





Flexi Loan
  • 1 to 5 years
  • Unsecured
  • Variable Rate
  • Instant approval

Australian Credit Licence 233714Fees & charges apply

Personal Loans calculator

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


Your estimated repayments


based on a $30,000 loan for 5 years at 7.99%

Total loan repayments


Total interest charged


Features of a Westpac personal loan

Westpac’s personal loan has a number of flexible options to suit borrowers in different financial situations. Valid for borrowing between $4,000 and $50,000, the loan has a fixed interest rate, but doesn’t need to be secured against an asset.

Your Westpac personal loan can be paid back over a term of one to seven years. You’ll also have the option to make extra repayments to get your loan paid off ahead of time, which can help you to reduce the total interest you’ll pay on your loan.

Westpac charges an establishment fee and monthly service fees. Early repayment fees and missed payment fees may also apply.

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

  • Student loans
  • Debt consolidation
  • Renovations
  • Shares
  • Holidays
  • Medical bills
  • Weddings
  • Motorcycles
  • Boats

Westpac personal loans – customer service

Westpac customers can contact the bank online, via email or on the phone. There is also a vast network of branches across Australia. Borrowers can also contact customer service via:

  • Online banking
  • Email
  • Phone 7 days a week, 8am - 8pm (AEST)
  • In-branch
  • Mobile banking

Who is eligible for a Westpac personal loan?

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

  • Be 18 years or older.
  • Be an Australian citizen or permanent resident or hold an acceptable visa.
  • Have a regular permanent income of at least $35,000 per year.

How to apply for a Westpac personal loan?

To apply for a Westpac personal, borrowers can apply online through the Westpac website, in-branch or over the phone. The application process takes around 10 minutes and involves the following steps:

  • Apply online through the Westpac website.
  • Westpac will then review your application and give you a response in 60 seconds.
  • If approved, you can accept the contract online or in a branch.
  • Once accepted, the funds are paid directly into 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
  • Details of expenses and additional assets

Westpac personal loans review

Westpac’s unsecured personal loan interest rate is fixed and is considered to be moderate. It also has upfront fees that are higher than the market average, as well as monthly service fees.

By selecting a loan term of one to seven years, and choosing between weekly, fortnightly or monthly repayments, you can adjust your loan repayments to provide maximum affordability to efficiently manage your debts.

Westpac’s personal loan offers the option to make extra repayments and pay off the balance early, reducing the amount of interest you pay on your loan. While it doesn’t have an early exit penalty as standard, if you pay off a personal loan with a term longer than two years in less than two years, a prepayment fee may apply.

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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.