Bankwest Personal Loans Comparison & Reviews | finder.com.au

Bankwest Personal Loans

Bankwest offers a range of competitive personal loans to suit a variety of borrowing needs.

Bankwest

We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!

As part of the Commonwealth Bank Group, Bankwest offers a range of financial products and services to its customers. In addition to savings accounts, home loans and credit cards, the bank also offers a range of personal loans designed to suit diverse borrowing needs.

Bankwest offers a Car Loan, Unsecured Personal Loan and a Flexible Personal Loan. Each product boasts flexible repayment options to help borrowers pay off their debt with ease.

How do Bankwest Personal Loans compare?

Data updated regularly
$
Name Product Interest Rate (p.a.) Comparison Rate (p.a.) Min Loan Amount Loan Term Application Fee Monthly Service Fee Monthly Repayment
Bankwest Unsecured Personal Loan
10.99% (fixed)
11.32%
$3,000
3 to 7 years
$195
$5
You'll receive a fixed rate of 10.99% p.a.
Borrow from $3,000 to $50,000 with the flexibility to repay over 3 to 7 years.
loading

Compare up to 4 providers

Data updated regularly
$
Name Product Interest Rate (p.a.) Comparison Rate (p.a.) Min Loan Amount Loan Term Application Fee Monthly Service Fee Monthly Repayment
Bankwest Secured Car Loan
From 7.99% (fixed)
8.34%
$10,000
3 to 7 years
$299
$5
You'll receive a fixed rate from 7.99% p.a.
Afford the car of your dreams sooner with a low rate car loan.
loading

Compare up to 4 providers

Data updated regularly
$
Name Product Interest Rate (p.a.) Comparison Rate (p.a.) Min Loan Amount Loan Term Application Fee Monthly Service Fee Monthly Repayment
Plenti Personal Loan

From 6.39% (fixed)
6.39%
$2,001
3 to 7 years
$0 to $999
$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 $2,001 and terms starting from 3 years. Interest and comparison rates calculated for a loan term of 5 years.
Harmoney Unsecured Personal Loan

From 6.99% (fixed)
7.79%
$2,000
3 to 5 years
$575 ($275 for loans of below $5,000)
$0
You'll receive a fixed rate between 6.99% p.a. and 24.79% 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.
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 personalised interest rate from 5.75% p.a. to 25.99% p.a. based on your risk profile
Borrow up to $50,000 to pay for what you need.
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
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.
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.
A credit limit up to $40,000 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 30 September 2021.
Alex Personal Loan

From 5.49% (fixed)
5.49%
$2,100
6 months to 5 years
$0 (Waived $295 establishment fee)
$0
You'll receive a fixed interest rate from 5.49% 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 May 2021
OurMoneyMarket Personal Loan

From 5.35% (fixed)
6.31%
$2,001
1 to 7 years
1.5–6% of your total loan amount
$0
You'll receive a fixed rate from 5.35% 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 April 30th to secure a discounted rate of 5.35% p.a. (comparison rate: 6.31% p.a.) for the first 12 months.
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: Get a free $200 Westfield e-gift card once your loan application has settled. Offer ends on 30 April 2021. T&Cs apply.
Latitude Personal Loan (Unsecured)

From 7.99% (fixed)
9.24%
$3,000
1 to 7 years
$250 (Loans under $5000 - $140)
$13
You'll receive a fixed rate between 7.99% p.a. and 22.99% p.a. based on your risk profile
Apply for what you need from $3,000 and use it for a range of purposes. Repay weekly, fortnightly or monthly. You can check your interest rate before applying with no impact to your credit score.
SocietyOne Unsecured Personal Loan (2-3 years)

From 6.39% (fixed)
6.39%
$5,000
2 to 3 years
from 0% to 5% of the loan amount
$0
You'll receive a fixed rate between 6.39% p.a. and 17.49% 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.
SocietyOne Unsecured Personal Loan (5 years)

From 6.39% (fixed)
6.39%
$5,000
5 years
from 0% to 5% of the loan amount
$0
You'll receive a fixed rate between 6.39% 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.
Wisr Personal Loan

From 6.49% (fixed)
6.76%
$5,000
3 to 5 years
$595
$0
You'll receive a fixed rate between 6.49% p.a. and 19.95% 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.
CUA Unsecured Fixed Rate Personal Loan
9.39% (fixed)
9.64%
$5,000
1 to 7 years
$175
$0
You'll receive a fixed rate of 9.39% p.a.
An unsecured loan from $5,000 with flexible repayments and no monthly fee.
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.
Pepper Money No Fee Personal Loan

From 5.95% (fixed)
5.95%
$5,000
18 months to 7 years
$0
$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 $50,000 and use for a range of purposes. Pay no upfront, early repayment or ongoing fees.
Plenti Variable Rate Personal Loan

From 6.39% (variable)
6.39%
$2,001
1 to 3 years
$0 to $999
$0
You'll receive a variable rate from 6.39% p.a and 16.89% p.a. based on your risk profile
A flexible loan with amounts from $2,001 and terms starting from 12 months. Benefit from transparent costs and a rate estimate before you apply.
CUA Unsecured Variable Personal Loan
11.89% (variable)
12.15%
$5,000
1 to 7 years
$175
$0
You'll receive a variable rate of 11.89% p.a.
Borrow from $5,000 with the option for flexible repayments and no monthly fees.
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
An unsecured loan up to $55,000 you can use for a range of purposes. Benefit from fee-free additional repayments and a redraw facility. 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.
loading

Compare up to 4 providers

  • Unsecured Personal Loan. Borrow between $3,000 and $50,000 for a range of financing needs. You can repay the loan over 3 to 7 years. The funds can be used for debt consolidation, home renovation or even taking a holiday.
  • Flexible Personal Loan. Borrow between $5,000 and $50,000 and enjoy flexible features including unlimited additional repayments and 24/7 access to your funds. You can also redraw your additional payments for no charge.
  • Car Loan. This loan offers comes as a fixed rate option and you can borrow between $10,000 and $100,000, while being able to repay the loan over 3 years to 7 years. You can make weekly, fortnightly or monthly repayments, and additional repayments are allowed, though a fee will apply if you pay off your loan within the first 24 months.

Features of Bankwest personal loans

  • Fixed rate. All three of Bankwest's personal loans are available with fixed interest rates. This offers the security of knowing exactly what your repayments will be.
  • Flexible repayment options. You can choose to make repayments when they suit your budget – weekly, fortnightly or monthly.
  • Loan terms. Terms across the Bankwest personal loan range are between 1 and 7 years.
  • Loan amounts. Depending on the loan you choose, you'll be able to borrow between $3,000 and $100,000.
  • Fees. The Flexible Personal Loan attracts an application fee of $249 and a monthly fee of $10. The application fee for the Unsecured Personal Loan is $195 while the monthly fee is $5. It costs $299 to apply for the Car Loan and there is a monthly fee of $5.
  • Online banking loan repayment. You can make your loan repayments using Bankwest Online Banking (BOB). You can easily make an internal transfer of funds between your own accounts and make additional repayments

What other products does Bankwest offer?

  • Personal. Bankwest offers Everyday Accounts, Savings and Term Deposits, Credit Cards, Home Loans, Personal Loans and Insurance.
  • Small Business. This includes Business Accounts, Business Credit Cards, Business Loans and assistance for those starting a new business.
  • Business. This consists of Business Loans, Business Accounts, Business Deposits, Business Credit Cards, International Trade and Private Banking.

How to apply for a Bankwest personal loan

You're able to apply for any of Bankwest's loans online by clicking "Go to Site". First, make sure you meet the minimum eligibility criteria:

  • Over the age of 18
  • An Australian citizen or permanent Australian resident
  • Have a regular permanent income
  • Don't have an active personal loan application that has already been conditionally approved

If you meet these criteria you can start your online application. You'll need the following information on hand:

  • Your contact information including email and residential address
  • If you're not a Bankwest customer, two forms of ID such as your driver's licence, Medicare card, passport or birth certificate
  • Details of your finances, including your income, expenses and assets

Bankwest offers a range of personal loans with competitive and flexible features for borrowers. In order to determine whether a Bankwest personal loan is right for you, compare loans above.

More guides on Finder

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 24.79% 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.

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

You'll receive a fixed rate of 10.5% 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
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.

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.

Ask an Expert

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au 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 Terms of Use, Disclaimer & Privacy Policy and Privacy & Cookies Policy.

22 Responses

    Default Gravatar
    SebastianJune 17, 2018

    I am an old-age pensioner and recently bought a property that needs to be repaired to make it livable. I will need $40,000 or less. Can I borrow said amount using my pension as my source of income?

      Avatarfinder Customer Care
      JeniJune 17, 2018Staff

      Hi Sebastian,

      Thank you for getting in touch with Finder.

      Yes, Bankwest accepts parenting payments and DSP as income. You can apply for their loan if your minimum income is at $20,000 p.a. and meet the eligibility criteria above.

      When you are ready, simply head to Commonwealth Bank’s website where you can proceed with the application or get in touch with their representatives for further inquiries you may have.

      There are a few more lenders that can grant you Centrelink loan and Pensioner loan. You may refer to our table to each lender’s condition. You can click the name of the lender or the “More info” link to be redirected to our review page and learn more about the lender’s loan offer, rates, and requirements as well as the pros and cons of using their loan service. When you are ready, you may then click on the “Go to site” button and you will be redirected to the lender’s website where you can proceed with the application or get in touch with their representatives for further inquiries you may have.

      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.

      Have a great day!

      Cheers,
      Jeni

    Default Gravatar
    PamelaJanuary 24, 2018

    My partner and I own our property outright and are looking to do renovation works and would like to know who/best interest rate/5 years for $100,000

      Avatarfinder Customer Care
      KathyJanuary 24, 2018Staff

      Hi Pamela,

      Thanks for getting in touch with Finder.

      You may have to compare your options to find which loan will be suitable for you depending on the extent of your home renovation. You may have the following options: a line of credit home loan, construction loan, and personal loans for renovation.

    • A line of credit loan allows you to tap into this equity. Your lender will offer you a credit limit based on your equity, and you can use as much or as little as you like.
    • A construction loan is a specialty mortgage that pays a builder throughout the construction process. It also gives you the option to pay only the interest portion of your loan until after construction is complete.
    • Lastly, a personal loan for home improvement and renovation loans, may be a good idea but this would be beneficial if expenses are small and won’t require a high budget.
    • Each link above have a list of lenders you can compare, 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. Also if you can, contact first the issuing bank/lender and discuss your options and chances of approval before you send anything final for your application. Just apply for one loan at a time and ensure your eligibility before submitting your final application.

      When you are ready, you may then click on the “Go to site” button and you will be redirected to the lender’s website where you can proceed with the application or get in touch with their representatives for further inquiries you may have.

      Hope this information helps.

      Kind Regards,
      Kathy

    Default Gravatar
    NaoNovember 18, 2017

    Hi
    I’m enquiry in regards to a personal loan for a family holiday over the Christmas break.
    I’ve been in employed for 3 months now and have made some recent applications for s Loan with others banks but my application was declined because I did not meet there lending criteria of being in employment for over 6 months will this decision affect my application.

      Default Gravatar
      LiezlNovember 20, 2017

      Hi Nao,

      Thanks for reaching out to Finder.

      While we cannot surmise how Bankwest will assess your application, generally denied credit applications listed on your credit file will be viewed by lenders as a red flag. You may refer to the eligibility criteria above and check if you meet them. I have also sent to your email Bankwest’s personal loan application checklist for your reference. Meanwhile, you may want to read our guide on how credit enquiries impact your credit score.

      If you are to apply for another loan, it’s a good idea to give it some time before applying again. Make sure that you meet all the eligibility criteria and if ever you’re unsure, contact the lender to check if you’ll qualify.

      It will also help to have a clear picture of your current credit standing so you’ll know which credit products you’ll qualify for. You can do this by getting your free credit score and a copy of your credit report.

      As for your loan options, you can check some loans available to casual employees that you might qualify for as well.

      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 has helped. Feel free to message us again if you have any questions.

      Cheers,
      Liezl

    Default Gravatar
    LouiseSeptember 7, 2017

    Hi
    My mum is 69 and owns her own home and wants to do renovations up to $120k can she borrow money and have a sibling repay the loan?
    Thanks.

      Avatarfinder Customer Care
      HaroldSeptember 7, 2017Staff

      Hi Louise,

      Thanks for getting in touch with Finder. I hope all is well with you. 😃

      Whether your mum would be able to borrow money or not would depend on the lender’s eligibility requirements. However, since you mentioned that your sibling would repay the loan, it may be a better idea if he/she would apply directly instead of your mum if your mum can’t provide the requirements of the lender.

      I highly recommend that you learn more about renovating your home. Open that page and you’ll read our guide that comes with the following information:

      – The benefits of home renovation
      – How to prepare for a home renovation
      – Estimating your renovation costs
      – How to finance your renovation
      – How to increase property value from a renovation
      – Compare renovation services

      After reading through our guide, please be sure to check your options for financing a home renovation to ensure you choose the right one for you.

      Don’t forget to read through the terms, conditions, and features of the loan before making a decision.

      Should have further questions, please let us know.

      Regards,
      Harold

    Default Gravatar
    LisaMay 23, 2017

    Hi,
    I am in need of a small loan 5-7k to purchase a vehicle. I am currently a stay at home mother with government benefits being my only source of income at this time. Prior to the last 2 years (before becoming a mother) my employment history was very strong with constant employment. My credit score is also good with ‘a good’ rating (above 600). Would I have any options in obtaining a loan for a necessity such as a car? I have no other debts/loans/credit cards.
    Regards.

      Avatarfinder Customer Care
      DeeMay 23, 2017Staff

      Hi Lisa,

      Thanks for your question.

      Just in case, you can check the list of loans for people on Centrelink payments on our website.

      Kindly take time to read the eligibility criteria of the loan product you are interested in before submitting your application.

      Cheers,
      Anndy

    Default Gravatar
    SamanaDecember 5, 2016

    I wish to borrow personal loan to purchase home furniture
    for $7000.00 and what would you like from me.

    Thank you

      Avatarfinder Customer Care
      MayDecember 5, 2016Staff

      Hi Samana,

      Thanks for your question.

      The general requirements of Bankwest were listed above. Usually, most banks and lenders would need your IDs, financial and employment documents, and good credit history. Just in case you may like to check other lenders who offer $7000 loan and above, please feel free to check our list of low-interest personal loans.

      Hope this helps.

      Cheers,
      May

    Default Gravatar
    BenAugust 22, 2016

    Hey,
    I am looking for a low interest personal loan for $25000 for 7 years to purchase a second hand motor vehicle. I have a constant minimum income of $1720 a month (after tax) with 25 hours per week. Have been employed with the same employer for 18 months, and have $6000 worth of assets, but no savings record… Who do you recommend?

      Avatarfinder Customer Care
      ElizabethAugust 23, 2016Staff

      Hi Ben,

      I can’t recommend a specific lender to you but you can find a guide on our website about borrowing while you’re employed casually or part-time. Please feel free to read our guide about personal loans for casual employees. It also lists all the criteria you need to meet with each lender to be approved.

      I hope this helps,

      Elizabeth

    Default Gravatar
    MaryAugust 10, 2015

    Hi,
    I am seeking a low interest personal loan to consolidate 4 credit cards to the value of $40000. who do you recommend/?

      Avatarfinder Customer Care
      ElizabethAugust 10, 2015Staff

      Hi Mary,

      Thanks for your question.

      The best personal loan will depend on your financial situation and needs. You can compare the various options available, as well as learn more about consolidating debt on our guide.

      I hope this has helped.

      Thanks,
      Elizabeth

    Default Gravatar
    DonnaMay 29, 2015

    I’m on center link payments and in need of $6000 for medical reasons can afford $100 a week payments back.
    Thanks

      Avatarfinder Customer Care
      ElizabethJune 1, 2015Staff

      Hi Donna,

      Thanks for your question.

      Bankwest is able to use certain Centrelink payments as a form of income, but has guidelines around which payments they can and cannot consider. You may want to get in contact with Bankwest to discuss your eligibility before applying.

      I hope this has helped.

      Thanks,

      Elizabeth

    Default Gravatar
    SueOctober 8, 2014

    With profit from sale of our House can we buy another house and have $50.000 towards it

      Avatarfinder Customer Care
      ElizabethOctober 9, 2014Staff

      Hi Sue,

      Thanks for your question.

      If you’re considering the loans on this page from Bankwest, you would be able to take out an unsecured personal loan or flexible personal loan for this purpose.

      Hope this has helped.

      Thanks,

      Elizabeth

      Default Gravatar
      ThomasSeptember 12, 2015

      Does Bankwest do credit history checks? Due to my unemployment status, I build up a bad credit rating, and would like to borrow $6000 from Bankwest for consolidation purposes. Is it possible, because I had been put down by previous institutions, and it reflects on my profile.

      Avatarfinder Customer Care
      ElizabethSeptember 14, 2015Staff

      Hi Peter,

      Thanks for your question.

      Bankwest will do a check on your credit history before approving you for a loan, however they may still approve you depending on what is on your credit file. You may want to get in contact with them to discuss your situation and your chances of being approved. If you find you are not eligible for one of its loans, you can learn about bad credit debt consolidation. Please make sure to carefully read over the eligibility requirements and terms and conditions and ensure you have organised the necessary documents before beginning the application.

      I hope this has helped.

      Thanks,
      Elizabeth

Go to site