Bankwest Unsecured Personal Loan

Enjoy a competitive fixed rate with the Bankwest Unsecured Personal Loan.

Planning for that dream holiday can be easier with the Unsecured Personal Loan from Bankwest, which offers a competitive fixed interest rate for loans of $5,000 or more. As this is an unsecured loan, you will not be required to put any of your assets up as security.

This loan is suitable to finance home improvements, buy a new boat, pay off existing debt or simply pay for a holiday. This loan offers a fixed repayment schedule, so you can choose how often your repayments are and how much you can afford to pay.

Things to consider about the Bankwest Unsecured Personal Loan

Product NameBankwest Unsecured Personal Loan
Interest Rate (p.a.)From 11.99% (fixed)
Comparison Rate (p.a.)12.8%
Interest Rate TypeFixed
Min Loan Amount$5,000
Max. Loan Amount$50,000
Loan SecurityUnsecured


  • Unsecured loan - no risk of asset loss
  • Borrow money for any purpose within reason
  • Ability to make extra repayments


  • High application fee of $195
  • Ongoing monthly service fee of $8
  • Minimum loan amount of $5,000

You can apply for any amount between $5,000 and $50,000 and have between 3 year(s) and 7 year(s) to repay. This lets you choose the payment schedule so you know exactly what you’re paying and how often you’re paying it, with the opportunity to make additional repayments.

Bankwest also offers a Flexible Personal Loan to borrowers, so make sure to weigh the pros and cons of different loans to find the one that will bring you the most benefit.

Features of the Bankwest Unsecured Personal Loan

  • Fixed interest rate. The Bankwest Unsecured Personal Loan offers a fixed interest rate of 11.99% p.a., with a comparison rate of 12.8% p.a. calculated on a $10,000 loan over a period of 3 year(s).
  • Fees. This loan has a one-time application fee of $195 and an $8 monthly account-keeping fee for the life of your loan.
  • Additional repayments. You are able to make additional repayments at any time without penalty. An early repayment fee does apply if the loan is paid off in the first 24 months.
  • Repayment options. You can choose to make repayments on a weekly, fortnightly or monthly basis to suit your budget.
  • Loan amount. Choose an amount anywhere from $5,000 to $50,000.
  • Loan terms. You can borrow funds for a terms of between 3 year(s) and 7 year(s).
  • Loan insurance. Bankwest also offers credit protection insurance to cover you if you are unable to make your repayments on time.
  • Same-day approval for existing customers. Existing Bankwest customers with at least three months salary deposited in their account can qualify for same-day funding approval.

How to apply for the Bankwest Unsecured Personal Loan

When you apply online with Bankwest you can get conditional approval within minutes. Click "Go to Site" to complete the loan application form.

So that you are approved for the loan that you want, you must:

  • Be over 18 years of age and in full-time employment
  • Be an Australian citizen or permanent resident
  • Have a regular permanent income
  • Not have an active personal loan application that has been conditionally approved.

In order to prove that you meet the requirements, be prepared to provide the following documentation:

  • Personal details. Your name, address and contact details will be needed.
  • Identification. You'll also need at least two documents to identify yourself, your driver's licence, passport, Medicare card or Australian birth certificate
  • Employment details. Ensure that you have your employer’s name, number and other contact details. You will also be asked to provide information about the length of your employment.
  • Financial details. You will be asked to provide evidence regarding your current income, assets and expenses.

An Unsecured Personal Loan from Bankwest can offer you the freedom to get the funding you need. Remember to compare the interest rates, fees, eligibility requirements and other features of various lending options to find the best loan for you.

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22 Responses

  1. Default Gravatar
    DebbieAugust 5, 2017

    I am a pensioner (DSP) with a Superannuation Allocated Pension fortnightly drawdown. I am seeking a loan of $5000.00 which can be repaid over a period of 5-7 years. I would like a loan that I have the ability to make extra repayments on.
    Many thanks.

    • Default Gravatar
      LiezlAugust 5, 2017

      Hi Debbie,

      Thanks for reaching out.

      While Bankwest accepts DSP payments, you will need supplementary income to be able to apply for a loan. You may check this page to find out which lenders will consider you for a loan while you are on pension and the eligibility criteria you will need to meet in order to apply.

      I hope this has helped.


  2. Default Gravatar
    RabeJuly 13, 2017

    Currently on a visa subclass 820 awaiting 801. Working fulltime for 11 months. Needing to purchase a car. Any suggestions. Please and Thank you

    • Default Gravatar
      DanielleJuly 16, 2017

      Hi Rabe,

      Thank you for contacting finder. We are a comparison website and general information service, we’re more than happy to offer general advice.

      You may refer to this page for options that may suit your needs. You may review and compare the offers available on the table. Once you have selected one, you may proceed by clicking the green “Go to Site” button.

      I hope this helps.


  3. Default Gravatar
    DawnMay 5, 2017

    Hi, do you know anyone who would offer an unsecured loan for about $37,000 for a mobile home to a disability pensioner? Thanks.

    • Default Gravatar
      LiezlMay 5, 2017

      Hi Dawn,

      Thanks for reaching out.

      You can check this page for loan options available for those receiving pensions. Please make sure to check the eligibility criteria before applying for a loan.

      I hope this has helped.

      Best regards,

  4. Default Gravatar
    ChrisFebruary 23, 2017

    Can you tell me the fortnightly repayments for an aged pensioner for a Loan of $5,000 over five years?

    • finder Customer Care
      MayFebruary 23, 2017Staff

      Hi Chris,

      Thank you for your question and for contacting – we are a financial comparison website and general information service designed to help consumers make better decisions. Please note that we are not affiliated with any company we feature on our site.

      The repayments for a $5,000 loan would be determined by Bankwest by taking into account of the associated fees and interest of the loan. So it’s best to contact them for the computation. But since you are receiving Aged Pension, you may also like to check and compare your personal loan options on this page.

      Please make sure though to read the eligibility criteria, features and details of the card as well as the relevant T&Cs or PDS of the loan products before making a decision and consider whether the product is right for you.


  5. Default Gravatar
    MonaDecember 6, 2016

    Hi just want to know how long I need to be employed for before I can apply for a personal unsecured loan.

    • finder Customer Care
      LouDecember 6, 2016Staff

      Hi Mona,

      Thanks for your question.

      Unfortunately, I am unable to find any information as to the number of years you should be employed to be approved for Bankwest Unsecured Personal loan. You may want to directly get in touch with Bankwest to enquire.

      Even if you are a casual or part-time worker, a number of lenders may still consider you for a loan. You can check this page to compare personal loans for casual and part-time employees.


  6. Default Gravatar
    fionaNovember 7, 2016

    What are their requirements regarding employment. i have been casual for 2.5yrs getting 38hrs a week and my partner has been casual with current employer for 2 months

    • finder Customer Care
      HaroldNovember 8, 2016Staff

      Hello Fiona,

      Thank you for your question.

      Basically, when you apply online with Bankwest you can get conditional approval within minutes. But before that you must meet the following requirements:
      – Be over 18 years of age and in full-time employment
      – Be an Australian citizen or permanent resident
      – Have a regular permanent income
      – Not have an active personal loan application that has been conditionally approved.

      Since you are a casual employee you may find this article helpful.

      I hope that helps.


  7. Default Gravatar
    JLCAugust 7, 2016

    Hi I am currently on a single parents pension through centrelink. I have no current defaults or any debts. I wish for 25 thousand to pay off a few bills and the rest to help me relocate interstate where there are more opportunities for employment. What is the criteria and is this at all possible.

    • finder Customer Care
      MayAugust 8, 2016Staff

      Hi JLC,

      Thank you for getting in touch.

      On this page, you can compare the lenders that may accept loan applications from people who receive Centrelink payments. You can review the criteria and contact a lender from the list so you can discuss your loan options.

      I hope this has helped.


  8. Default Gravatar
    LMRMay 25, 2016

    I am interested in a debt consolidation loan but have a paid default on my credit file. We recently moved to Perth for work and lifestyle opportunity’s and have had some expenses not accounted for. I have tried to do the small short term loans route but this has not worked. I was wondering if this would reflect negatively on an application

    • finder Customer Care
      ElizabethMay 26, 2016Staff

      Hi LMR,

      As long as you meet the minimum eligibility criteria you’re able to apply, but your entire financial circumstances will be assessed when you apply for the loan. Bankwest will look at your recent credit applications, your income, your employment and your credit file and assess your ability to afford the loan you’re applying for. If you are unsure of your eligibility it would be best to ask Bankwest directly but it may not be able to advise without you making a formal application.

      More some more information on how payday loans affect your credit file you can read our guide here.

      Hope this helps,


  9. Default Gravatar
    sashiaApril 22, 2016

    Hi I’m unemployed and is on centrelink benefits could still apply

    • finder Customer Care
      ElizabethApril 26, 2016Staff

      Hi Sashia,

      Bankwest accepts some forms of Centrelink as income when considering you for a loan. They take into account your personal financial situation and your ability to afford your repayments – it may be best to chat to them directly before submitting your application. If you find you aren’t eligible, you can consider some other options on this page.

      Hope this has helped,


  10. Default Gravatar
    JohnJune 4, 2015

    Would I be 100% guaranteed to get the loan

    • finder Customer Care
      ElizabethJune 4, 2015Staff

      Hi John,

      Thanks for your question.

      To be eligible to apply for this loan you need to be over the age of 18, be a permanent Australian resident, have a regular permanent income and not have an active personal loan application that has been conditionally approved. Bankwest will then judge your application to see if you will be able to manage the loan and your repayments. There is no 100% guarantee with any credit application.

      I hope this has helped.



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