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Bankwest Flexible Personal Loan

Matt Corke
Matt Corke
Last updated:  

Enjoy borrowing the amount you want, the way you want, with the Flexible Personal Loan from Bankwest.

  • Please note that this product is no longer available. The information on this page has been kept for the benefit of those who are interested and historical records only. You can get more details about Bankwest's unsecured personal loan.

If you want a loan that gives you the flexibility to manage it the way you want, Bankwest’s Flexible Personal Loan is designed with you in mind. The Flexible Personal Loan offers unlimited additional repayments, no early repayment fees and lets you access surplus funds online whenever you need.


From 14.49% (fixed)

Interest Rate (p.a.)

15.51%

Comparison Rate (p.a.)

$5,000

Min Loan Amount

Details

Product NameBankwest Flexible Personal Loan
Interest Rate (p.a.)
From 14.49% (fixed)
Comparison Rate (p.a.)15.51%
Interest Rate TypeFixed
Min Loan Amount$5,000
Max. Loan Amount$50,000
Loan SecurityUnsecured
  • Please note that this product is no longer available. The information on this page has been kept for the benefit of those who are interested and historical records only. You can get more details about Bankwest's unsecured personal loan.

Things to consider about the Bankwest Flexible Personal Loan

The Flexible Personal Loan from Bankwest comes with a loan amount of between $5,000 and $50,000. You can have between 1 to 7 years to repay what you borrow.

You're able to redraw any additional repayments you make and have access to your surplus funds online at any time. This loan comes with an application fee of $249 and a fixed interest rate.

Features of the Bankwest Flexible Personal Loan

  • Fixed interest rate. This loan offers a fixed interest rate of 14.49% p.a. and a comparison rate of 15.51% p.a., calculated on $10,000 loan over three years.
  • Loan amounts. You can apply for any amount between $5,000 and $50,000.
  • Loan terms. Flexible loan terms of 1 to 7 years can be chosen to fit with your budget.
  • Fees. The Flexible Personal Loan requires a one-time application fee of $249 and a monthly $10 account-keeping fee.
  • Redraw ability. You are able to redraw funds from your account at any time without paying any extra fees or penalties.
  • Additional repayments. You can make additional repayments whenever you have the extra cash to put towards your loan, without incurring any fees or penalties. You will not be subject to an early repayment fee if you pay off your loan quickly.
  • Quick approval. After you apply online you will receive an instant response with the outcome of your application.
  • 24/7 access to funds. You are able to access your loan account at any time online or via Bankwest’s telephone banking service. You can also call the customer support line during regular business hours or visit a branch location.

How to apply for the Bankwest Flexible Personal Loan

The application will only take you 10 to 15 minutes to fill out and you can receive approval instantly. If you are conditionally approved, Bankwest will contact you to request documents needed for your application.

Click "Go to Site" to start your application, but first make sure you meet the following criteria:

  • Be 18 years or older
  • Be a permanent Australian resident or citizen
  • Have a regular source of income

Be prepared to have at least two of the following documents on hand when completing the application:

  • Passport or driver’s licence. You will be asked for your driver’s licence or passport number to verify your identity. You may also want to have your Australian birth certificate or immigration papers handy in case you need to prove your residency or citizenship.
  • Personal details. You will be asked to provide your address, phone number, email address and other contact information for identification and communication purposes.
  • Employment details. Provide your employer’s name, contact information and details about the length and nature of your employment. You may also be asked to provide your last two payslips to verify your salary.
  • Financial details. In addition to your payslips, you will need to provide information about your current income and net worth, including assets and expenses.

The Flexible Personal Loan from Bankwest offers the ability to manage the money that you’ve borrowed in the way that works for you. To ensure that you are getting the best loan for you, weigh the pros and cons of various loans by comparing interest rates, fees, repayment options and other features.

Personal Loan Offers

Important Information*
Logo for Harmoney Unsecured Personal Loan
Harmoney Unsecured Personal Loan

You'll receive a fixed rate between 6.99% p.a. and 25.69% p.a. based on your risk profile.
Apply for a loan up to $50,000 and repay your loan over 3 or 5 years terms.

More info
Logo for NAB Personal Loan Unsecured Fixed
NAB Personal Loan Unsecured Fixed

You'll receive a fixed rate between 9.99% p.a. and 18.99% p.a. ( 10.88% p.a. to 19.83% p.a. comparison rate) based on your risk profile
An unsecured loan up to $55,000 you can use for a range of purposes and pay off over up to 7 years. Note: Majority of customers will get the headline rate of 12.69% p.a. (13.56% p.a. comparison rate) or less. See Comparison rate warning in (i) above.

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Logo for SocietyOne Unsecured Personal Loan
SocietyOne Unsecured Personal Loan

You'll receive a fixed rate between 6.99% p.a. and 20.49% p.a. based on your risk profile
A loan from $5,000 to use for a range of purposes. Benefit from no ongoing fees and no early repayment fee.

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Logo for Pepper Money Unsecured Fixed Rate Personal Loan
Pepper Money Unsecured Fixed Rate Personal Loan

You'll receive a fixed rate between 6.95% p.a. and 17.95% p.a. based on your risk profile
A loan from $5,000 to use for a range of purposes. Make additional repayments or pay off the loan early, penalty-free.

More info

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13 Comments

  1. Default Gravatar
    Meghan
    March 20, 2018

    Hello, I have a question. I need a 10k loan for legal/law services. I have worked for five months at my current job as an AIN earning approx 650 per week. I worked before that for 1.5 years as a waitress/bartender. I was not accepted at my bank for a loan due to under six months employment at my current job. I would like some advice on what I can do please. Thank you. Warm regards.

    Reply
    • Default Gravatar
      Ash Munoz
      March 28, 2018

      Hi Meghan,

      Thank you for visiting finder.

      You may look at this page for Personal Loans offered to New Employees while on this page are loans for Casual or Part-time Employees.

      Lenders will still consider how long you’re currently employed as well as your income. Kindly compare the Interest Rate, Application Fee and other charges to know what will suit your needs best then click on the green ‘Go to site’ to be redirected to the Lender’s website and submit your application.

      I hope this helps.

      Let us know if there is anything else that we may assist you with. Enjoy the rest of your day!

      Cheers,
      Ash

      Reply
  2. Default Gravatar
    Abbas
    April 3, 2017

    Hi I need a loan today can someone help me

    Reply
    • Avatarfinder Customer Care
      Dee
      April 4, 2017

      Hi Abbas,

      Thanks for your question.

      If you need an emergency loan, you can compare your options on this page.

      Cheers,
      Anndy

      Reply
  3. Default Gravatar
    Kairee
    September 4, 2016

    Hi I need a loan for today or tomorrow

    Reply
    • Avatarfinder Customer Care
      Dee
      September 5, 2016

      Hi Kairee,

      Thanks for your comment.

      Please note that we are finder.com.au, a financial comparison and information website, not a lender.

      If you are interested to apply for a Bankwest Flexible Personal Loan, you can check first the eligibility criteria and requirements above. Once you think that you are qualified for this loan, you can then submit your application on the link I sent in your email.

      Cheers,
      Anndy

      Reply
  4. Default Gravatar
    Shannon
    June 9, 2016

    Hi I was just curious I have a couple of small payday loans would I be able apply to consolidate all my loans so I have 1 loan and less interest?

    Reply
    • Avatarfinder Customer Care
      Elizabeth
      June 9, 2016

      Hi Shannon,

      As long as you meet the eligibility criteria you can apply for this loan, but you may want to get in touch with Bankwest prior to your application to discuss your eligibility. If you’re using the loan to consolidate debt you will need to provide the following:
      3 months of your most recent consecutive bank statements for each debt being consolidated, printouts from your online banking can be accepted. Statements must show the following details:
      account holder name
      financial institution name
      BSB & account number
      transaction history
      no older than 45 days

      I hope this helps,

      Elizabeth

      Reply
  5. Default Gravatar
    Patricia
    May 26, 2016

    I need a payday loan, I have poor credit no money down online only all online guaranteed approval.

    Reply
    • Avatarfinder Customer Care
      Elizabeth
      May 26, 2016

      Hi Patricia,

      There aren’t really any loans that can offer guaranteed approval, but you can find lenders that will consider you even if you have bad credit. You can compare lenders here and click “Go to Site” once you’ve found one that meets your needs and financial situation.

      I hope this helps,

      Elizabeth

      Reply
  6. Default Gravatar
    Don
    March 2, 2015

    can a aged pensioner paid by centerlink get this loan?

    Reply
    • Avatarfinder Customer Care
      Shirley
      March 2, 2015

      Hi Don,

      Thanks for your question.

      Unfortunately the age pension can’t be your only source of income. Your application will need to be supported by another source such as a joint application, guarantor or employment.

      Hope this helps,
      Shirley

      Reply
    • Default Gravatar
      Don
      March 2, 2015

      thank you

      Reply
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