Bankwest Personal Loans

Rates and Fees verified correct on December 6th, 2016
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Bankwest offers a range of competitive personal loans to suit a variety of borrowing needs.

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 competitive interest rates and flexible repayment options to help borrowers pay off their debt sooner.

How do Bankwest Personal loans compare?

Rates last updated December 6th, 2016
$
Interest Rate (p.a.) Comparison Rate (p.a.) Min Loan Amount Loan Term Application Fee Monthly Repayment
Bankwest Unsecured Personal Loan
Borrow from $5,000 to $50,000 with the flexibility to repay over 3 to 7 years with a competitive fixed interest rate
From 11.99% (fixed) 12.8% $5,000 3 to 7 years $195 More
Bankwest Flexible Personal Loan
Enjoy flexibility, a great low rate and fast access to your funds and access surplus funds online 24/7.
From 14.49% (fixed) 15.5% $5,000 1 to 7 years $249 More
Rates last updated December 6th, 2016
$
Interest Rate (p.a.) Comparison Rate (p.a.) Min Loan Amount Loan Term Application Fee Monthly Repayment
HSBC Personal Loan
A competitive fixed interest rate loan with the option to make extra repayments. Min. income $30,000
From 11.99% (fixed) 12.54% $5,000 1 to 5 years $150 Go to site More
Latitude Personal Loans (Unsecured)
An unsecured loan designed for multiple purposes – renovating, buying a car or travelling. Funds can be in your count in as little as 24 hours.
From 13.99% (fixed) 15.2% $3,000 2 to 7 years $250 (Loans under $4000 - $140) Go to site More
CUA Fixed Rate Personal Loan
A competitive fixed-rate loan with flexible repayments that can help you consolidate debt or make a large purchase.
From 11.99% (fixed) 11.99% $1,000 1 to 7 years $0 Go to site More
ANZ Fixed Rate Personal Loan
A flexible loan option that lets you pay off your debt, buy a car, fix up your house or cover travel costs.
From 13.95% (fixed) 14.81% $5,000 1 to 7 years $150 Go to site More
MoneyPlace P2P Loan
Interest rates from 8.90% p.a to 17.25% p.a. Comp rates from 8.90% p.a to 19.01% p.a depending on your credit score.
From 8.9% (fixed) 8.9% $5,000 3 to 5 years 0% - 3.75% of loan amount Go to site More
RateSetter Personal Loan
Ratesetter allow you to get a personalised rate based on your credit score.
From 9.42% (fixed) 9.42% $2,001 0.5 to 5 years $0 (fees may be charged) Go to site More
NOW FINANCE Personal Loans
Get rewarded with a low interest rate for your good credit history.
From 9.95% (fixed) 11.41% $4,000 1.5 to 7 years $395 (Based on $10,000) Go to site More
RACQ Unsecured Loan
An unsecured personal loan that lets you borrow funds for what you need. Repay the loan on terms up to seven years.
From 13.95% (fixed) 14.52% $5,000 1 to 7 years $378 Go to site More
CUA Variable Rate Personal Loan
Enjoy a competitive interest rate, flexible repayment options and no monthly fees.
From 12.99% (variable) 12.99% $1,000 1 to 7 years $0 Go to site More
St.George Get Set Loan Personal Loan
A revolving line of credit that lets you access your funds as and when you need to.
From 17% (variable) $5,000 $150 Go to site More
ANZ Variable Rate Personal Loan
A variable rate loan that lets you make and redraw additional repayments.
From 14.69% (variable) 15.55% $5,000 1 to 7 years $150 Go to site More
  • Unsecured Personal Loan. Borrow between $5,000 and $50,000 and finance a range of things. 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. Tailor the loan to your needs using the loan's flexible features. You can make additional repayments or repay the loan early if you're able to. 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  and , while being able to repay the loan over a  to period. 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 competitive 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 $5,000 and .
  • 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 while the monthly fee is $8. It costs to apply for the Car Loan and there is a monthly fee of .
  • 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.


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This page was last modified on 2 November 2016 at 18:35.

HSBC Personal Loan

A competitive fixed interest rate loan with the option to make extra repayments. Min. income $30,000

Latitude Personal Loan (Secured)

Can be used for whatever purpose: renovating, buying a car, booking a holiday. Funds can be in your account in as little as 24 hours.

CUA Variable Rate Personal Loan

Enjoy a competitive interest rate, flexible repayment options and no monthly fees.

SocietyOne Unsecured Personal Loan

Interest rates for a 3 year loan range from 7.88% p.a. to 25.49% p.a. Comparison rate from 9.9% p.a. to 26.74% p.a. depending on your credit score

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12 Responses to Bankwest Personal Loans

  1. Default Gravatar
    | December 5, 2016

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

    Thank you

    • Staff
      May | December 5, 2016

      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 visit this page to compare your options.

      Hope this helps.

      Cheers,
      May

  2. Default Gravatar
    Ben | August 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?

    • Staff
      Elizabeth | August 23, 2016

      Hi Ben,

      I can’t recommend a specific lender to you but you can find a guide to borrowing while you’re employed casually or part-time on this page. It also lists all the criteria you need to meet with each lender to be approved.

      I hope this helps,

      Elizabeth

  3. Default Gravatar
    Mary | August 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/?

    • Staff
      Elizabeth | August 10, 2015

      Hi Mary,

      Thanks for your question.

      Unfortunately I’m unable to recommend a specific product to you as 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 this page.

      I hope this has helped.

      Thanks,

      Elizabeth

  4. Default Gravatar
    Donna | May 29, 2015

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

    • Staff
      Elizabeth | June 1, 2015

      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

  5. Default Gravatar
    Sue | October 8, 2014

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

    • Staff
      Elizabeth | October 9, 2014

      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
      Thomas | September 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.

    • Staff
      Elizabeth | September 14, 2015

      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’re not eligible for one of its loans, you can learn about bad credit debt consolidation on this page.

      I hope this has helped.

      Thanks,

      Elizabeth

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