Bankwest Flexible Personal Loan

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

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.

Find out more of the features in this review to see if it's right for you.

Things to consider about the Bankwest Flexible Personal Loan

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


  • No early repayment fees
  • Flexible repayment options


  • Minimum loan amount of $5,000
  • There is an application fee $249
  • There is a monthly fee of $10

The Flexible Personal Loan from Bankwest comes with a loan amount of between $5,000 and $50,000. You can have between 1 year(s) to 7 year(s) 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 year(s) to 7 year(s) 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.

Was this content helpful to you? No  Yes

Ask an Expert

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Privacy & Cookies Policy and Terms of Use, Disclaimer & Privacy Policy.

13 Responses

  1. Default Gravatar
    MeghanMarch 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.

    • finder Customer Care
      AshMarch 28, 2018Staff

      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!


  2. Default Gravatar
    AbbasApril 3, 2017

    Hi I need a loan today can someone help me

    • finder Customer Care
      LouApril 4, 2017Staff

      Hi Abbas,

      Thanks for your question.

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


  3. Default Gravatar
    KaireeSeptember 4, 2016

    Hi I need a loan for today or tomorrow

    • finder Customer Care
      LouSeptember 5, 2016Staff

      Hi Kairee,

      Thanks for your comment.

      Please note that we are, 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.


  4. Default Gravatar
    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?

    • finder Customer Care
      ElizabethJune 9, 2016Staff

      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,


  5. Default Gravatar
    May 26, 2016

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

    • finder Customer Care
      ElizabethMay 26, 2016Staff

      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,


  6. Default Gravatar
    DonMarch 2, 2015

    can a aged pensioner paid by centerlink get this loan?

    • finder Customer Care
      ShirleyMarch 2, 2015Staff

      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,

    • Default Gravatar
      DonMarch 2, 2015

      thank you

Ask a question
Go to site