Bankwest Flexible Personal Loan

Borrow between $5,000 up to $50,000 with terms from 1 to 7 years. Interest rates and loan fees apply.

  • 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.

This personal loan offers unlimited additional repayments, no early repayment fees. Loan amounts range from $5,000 up to $50,000, with terms from 1 to 7 years. The interest rate is fixed, meaning that your repayments will be the same every month. Rates start from 14.49% p.a. There is an application fee of $249 and a monthly account-keeping fee of $10.

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From 14.49% (fixed)

Interest Rate (p.a.)

15.51%

Comparison Rate (p.a.)

$5,000

Min Loan Amount

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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.

Compare other personal loans

$
Name Product Interest Rate (p.a.) Comparison Rate (p.a.) Min Loan Amount Loan Term Application Fee Monthly Service Fee Monthly Repayment
Symple Loans Personal Loan

From 5.75% (variable)
6.47%
$5,000
1 to 7 years
from 0% to 5% of the loan amount
$10

You'll receive a variable rate from 5.75% p.a. to 25.99% p.a.

Borrow up to $50,000 and earn 1 Qantas Point for every $1 borrowed.

⭐Special Offer: Earn up to 50,000 Qantas Points with a personal loan from Symple.
Plenti Personal Loan

From 6.39% (fixed)
6.39%
$5,000
3 to 7 years
$0 to $649
$0
You'll receive a fixed rate between 6.39% p.a. and 17.89% p.a. based on your risk profile.
A flexible loan with amounts from $5,000 and terms starting from 3 years. Interest and comparison rates calculated for a loan term of 5 years.
Citi Personal Loan Plus
8.90% (variable)
9.18%
$5,000
3 to 5 years
$199
$0
You'll receive a variable rate of 8.90% p.a. with a comparison rate of 9.18% p.a. if you're approved.
A credit limit up to $75,000 that you can continue to draw down over terms up to 5 years. Note: Monthly account service fee will be waived for applications submitted before 31 January 2022.
Harmoney Unsecured Personal Loan

From 5.35% (fixed)
6.14%
$2,000
3 to 5 years
$575 ($275 for loans of below $5,000)
$0
You'll receive a fixed rate between 5.35% p.a. and 19.09% 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.
Alex Bank Personal Loan

From 4.99% (fixed)
4.99%
$2,100
6 months to 5 years
$0 (Waived $295 establishment fee)
$0
You'll receive a fixed interest rate from 4.99% p.a. to 19.99% p.a. based on your risk profile
Borrow between $2,100 and $30,000 from 6 months to 5 years. Note: The $295 establishment fee will be waived for loan applications submitted by 3 November 2021.
SocietyOne Unsecured Personal Loan

From 5.95% (fixed)
5.95%
$5,000
2 to 5 years
from $0 to $595
$0
You'll receive a fixed rate between 5.95% p.a. and 19.99% 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.
NAB Personal Loan Unsecured Fixed

From 6.99% (fixed)
7.91%
$5,000
1 to 7 years
$150
$10
You'll receive a fixed rate between 6.99% p.a. and 18.99% p.a. (7.91% p.a. to 19.83% p.a. comparison rate) based on your risk profile
Borrow from $5,000 to $55,000, with 1 to 7 year loan terms available. This loan comes with no fees for extra repayments and no early exit fees.
NOW Finance No Fee Unsecured Personal Loan

From 5.95% (fixed)
5.95%
$5,000
18 months to 7 years
No Establishment Fee
$0
You'll receive a fixed rate between 5.95% p.a. and 17.95% p.a. based on your risk profile
Borrow from $5,000 to $7,999 with loan terms between 18 months and 3 years or borrow $8,000 to $50,000 with loan terms between 18 months and 7 years.

⭐ Finder Exclusive: Apply and settle a NOW Finance No Fee Unsecured Personal Loan for home improvement by 31 Dec for a chance to win a $2,000 Bunnings gift card.
OurMoneyMarket Personal Loan

From 5.45% (fixed)
6.07%
$2,001
1 to 7 years
From $250
$0
You'll receive a fixed rate from 5.45% p.a. to 20.99% p.a. based on your risk profile.
A personalised loan from $2,001 to $75,000 that varies based on your credit history and financial situation.

⭐ Finder Exclusive: Apply before 31 October 2021 to secure a discounted rate of 5.45% p.a. (comparison rate: 6.07% p.a.) for the first 12 months on loans over $35,000. T&Cs apply.
MoneyMe Personal Loans

From 6.25% (fixed)
7.64%
$2,100
1 to 5 years
from $295 to $495
$10
You'll receive an interest rate between 6.25% p.a. and 19.95% p.a. based on your risk profile
Borrow up to $50,000 with no hidden fees or costs. Application process usually takes 5 minutes to complete and is done fully online.
Wisr Personal Loan ($5,000 to $30,000)

From 6.49% (fixed)
6.49%
$5,000
3 to 7 years
$0 - Waived Establishment Fee
$0
You'll receive a fixed rate between 6.49% p.a. and 20.95% p.a. based on your risk profile
A loan from $5,000 that charges no fees for extra or early repayments. Keep in mind security is required in some cases.

⭐Special Offer:The $595 establishment will be waived for unsecured personal loans between $5,000 and $30,000. Offer ends 31 October 2021. T&Cs apply.
Wisr  Personal Loan ($30,001 to $64,000)

From 6.49% (fixed)
7.11%
$30,001
3 to 7 years
$595
$0
You'll receive a fixed rate between 6.49% p.a. and 20.95% p.a. based on your risk profile
A loan from $30,001 that charges no fees for extra or early repayments. Keep in mind security is required in some cases.
Plenti Variable Rate Personal Loan

From 6.39% (variable)
6.39%
$5,000
1 to 3 years
$0 to $649
$0
You'll receive a variable rate from 6.39% p.a and 17.89% p.a. based on your risk profile
A flexible loan with amounts from $5,000 and terms starting from 12 months. Benefit from transparent costs and a rate estimate before you apply.
NAB Personal Loan Unsecured Variable Rate

From 6.99% (variable)
7.91%
$5,000
1 to 7 years
$150
$10
You'll receive a variable rate between 6.99% p.a. and 18.99% p.a. (7.91% p.a. to 19.83% p.a. comparison rate) based on your risk profile
Borrow from $5,000 to $55,000, with 1 to 7 year loan terms available. This loan comes with no fees for extra repayments and no early exit fees.
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Compare up to 4 providers

Personal Loan Offers

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

You'll receive a fixed rate between 5.35% p.a. and based on your risk profile.
Apply for a loan up to $50,000 and repay your loan over 3 or 5 years terms.

Logo for ANZ Fixed Rate Personal Loan
ANZ Fixed Rate Personal Loan

You'll receive a fixed rate of 8.99% p.a.
Apply for up to $50,000 to use for a variety of purposes without needing to add security. Available to self-employed applicants.

Logo for NAB Personal Loan Unsecured Fixed
NAB Personal Loan Unsecured Fixed

You'll receive a fixed rate between 6.99% p.a. and 18.99% p.a. ( 7.91% p.a. to 19.83% p.a. comparison rate) based on your risk profile
Borrow from $5,000 to $55,000, with 1 years to 7 years loan terms available. This loan comes with no fees for extra repayments and no early exit fees.

Logo for SocietyOne Unsecured Personal Loan
SocietyOne Unsecured Personal Loan

You'll receive a fixed rate between 5.95% p.a. and 19.99% 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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13 Comments

    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.

      Default Gravatar
      Ash
      March 28, 2018

      Hi Meghan,

      Thank you for visiting Finder.

      You may look at personal loans offered to new employees as well as the loans available for casual or part-time employees.

      Lenders will still consider how long you’re currently employed as well as your income. Please use our comparison table to help you find the lender that suits you. Once you have chosen a particular lender, you may then click the “More” button and look for the “Go to site” button to be redirected to the lender’s website where you can proceed with your loan application or get in touch with their representatives for further assistance.

      Before applying, please ensure that you meet all the eligibility criteria and read through the details of the needed requirements as well as the relevant Product Disclosure Statements/Terms and Conditions when comparing your options before making a decision on whether it is right for you. You can also contact the provider if you have specific questions.

      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

    Default Gravatar
    Abbas
    April 3, 2017

    Hi I need a loan today can someone help me

      Avatarfinder Customer Care
      Dee
      April 4, 2017

      Hi Abbas,

      Thanks for your question.

      If you need to get a loan as soon as possible, please check the emergency payday loans featured on our website. Please read through their terms and conditions to make an informed decision.

      Cheers,
      Anndy

    Default Gravatar
    Kairee
    September 4, 2016

    Hi I need a loan for today or tomorrow

      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

    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?

      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

    Default Gravatar
    Patricia
    May 26, 2016

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

      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 payday loans and select the “Go to Site” button once you’ve found one that meets your needs and financial situation.

      I hope this helps,

      Elizabeth

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