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Westpac Personal Loans

As one of the largest banks in Australia, Westpac offers comprehensive personal loan solutions to suit a wide range of borrowers.


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If you're struggling to repay your personal loan, you can get in touch with the bank directly or read our guide.

Westpac offer a wide range of personal loans that you can use for many purposes. Learn more about them on this page.

Westpac loan product rates

Compare the Westpac products below

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
Westpac Unsecured Personal Loan
9.99% (fixed)
1 to 7 years
You'll receive a fixed rate of 9.99% p.a.
Benefit from the security of a fixed rate with the flexibility of additional repayments. Note: These rates are for customers who apply and get approved by 18 May 2021. Terms and conditions apply.

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
Westpac Car Loan
7.49% (fixed)
1 to 7 years
You'll receive a fixed rate of 7.49% p.a.
Finance a new or used car and benefit from convenient features for car buyers including a car search tool and the option to borrow extra for on-road costs.

Compare up to 4 providers

Westpac began trading in 1817 in New South Wales and has since grown into a public company that has branches around the world. Westpac offers a wide variety of financial products and services to its customers, from savings accounts and term deposits to credit cards and home loans. It also offers a range of personal loans to borrowers, giving them access to the finance they need to make important purchases and investments.

  • Flexi Loan. This loan allows you to withdraw funds up to an agreed-upon limit without reapplying, working like a line of credit rather than a traditional personal loan. This is an option for borrowers looking for flexibility. The Flexi Loan has a credit limit of between $4,000 and $50,000 so it is useful for a variety of purposes. Westpac charges no fee for additional withdrawals and there is no early repayment fee.
  • Personal Loan. This is designed for individuals who want to have a fixed interest rate loan. It is an unsecured loan that can be used for a variety of reasons such as home renovations, education expenses or a car purchase. Terms of between 1 year and 7 years are available, and you can apply for between $4,000 and $50,000. It's also possible to repay your loan faster, but if you have loan terms of longer than two years and pay back the loan within those two years, a $175 fee applies. This fee is waived if you refinance to another personal loan from Westpac.
  • Car Loan. Looking to buy a new or used car? This loan features fixed interest rates and repayment terms of between 1 year and 7 years. You can borrow between $10,000 and $100,000 to buy a car which will be used as the security for the loan. Keep in mind there's a set-up fee of $250 and a monthly service fee of $12.
  • Temporary Overdraft. This is a convenient solution to cover a short-term need for funds. With the Temporary Overdraft you can borrow $250 to $50,000 and it will be available in your bank account for 45 days. This financing is designed to cover short-term shortfalls and there is no security required.

Features and benefits of a Westpac personal loan

  • Flexible repayment terms. You have the choice of paying weekly, fortnightly or monthly to suit your budget.
  • Revolving credit. This Flexi Loan feature essentially acts as an overdraft, allowing you to borrow up to the and including credit limit.
  • Competitive rates. Westpac's personal loan products feature competitive rates to help customers save money on interest.

Westpac personal loan repayment calculator: How much will a Westpac personal loan cost?

Westpac offers a personal loan calculator on its website to help you determine the cost of using its personal loan. You start by selecting whether you want to calculate the costs of a car loan or an unsecured personal loan, and then you input the following information:

  • How much you want to borrow
  • Your preferred loan term
  • The interest rate and comparison rate of Westpac's personal loan will be entered for you
  • Select the state you live in

After you enter the required information you will be shown the estimated repayments for your loan. You can select weekly, fortnightly or monthly repayments. The loan amount, estimated interest cost and estimated total cost of your loan will be displayed. To adjust these, simply scroll back up and select a different loan amount or terms.

You can also use a personal loan calculator to get an estimate of your loan repayments.

Loan Repayment Calculator

*Whilst every effort has been made to ensure the accuracy of this calculator, the results should only be used as an indication. They are neither a recommendation nor an eligibility test for any product and should not be construed as financial advice, investment advice or any other sort of advice.

What other products does Westpac offer?

  • Bank accounts. Westpac offers a comprehensive range of bank accounts which includes transaction accounts, savings accounts and term deposits.
  • Credit cards. Whether you want a low rate credit card, a low annual fee credit card or a rewards card, Westpac has cards to suit a range of customers.
  • Home loans. The bank has loans for first-time homeowners, investors and people who want to move up the property ladder. You are able to choose from fixed rate, variable rate or combination loans.

How you can apply for a personal loan from Westpac

Applying for a personal loan from Westpac is a straightforward process, and you can get started by clicking "Go to Site" on any of the loans above. The eligibility criteria is as follows:

  • Be over the age of 18
  • Have a regular, permanent income
  • Be a permanent resident of Australia or;
  • Hold an acceptable Visa and have confirmed employment in Australia

If you meet the above criteria, the following details will be required to complete your application:

  • Personal details such as your name, proof of your identity and your contact information
  • Details about your finances and your employment
  • A list of your assets and liabilities, if you're self-employed

You need to meet set eligibility requirements which include being a permanent Australian resident, being at least 18 years old and earning a regular income. Some of the documents that should be included with your application are details of your finances, contact details including your residential address, and proof of identity. If you are a Westpac customer, the bank will ask you to verify your records.

If you would like to apply online you can follow the secure link on this page and fill out an application form in as little as 10 minutes. Westpac also accepts applications over the phone or through their branches.

These Westpac loans are worthwhile options for prospective borrowers to consider, but make sure to compare your options before deciding on one particular loan.

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.

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22 Responses

    Default Gravatar
    WayneMay 18, 2018

    I’m on a pension and have just finished paying out a high interest loan and have one default which was only $100 and was paid out as soon as I realised that I had it there. Now I’m finding it hard to get a loan of $10,000 over 4 years with the repayments less then what I have been paying for the last two years so I’m at a lost why I can’t get a loan as I’m getting $1,335 p/f do you know why I’m having trouble getting finance. Thanking you in advance

      Default Gravatar
      Ash MunozMay 19, 2018

      Hi Wayne,

      Thank you for visiting Finder.

      First, check your current credit score as it is one of the eligibility requirements that most lenders look into when they are making their decision in regards to your loan application. You may also request for your credit report to see if there are any wrong listings regarding your credit history or if you have any other default payments that you are not aware of.

      In case that you have a poor credit score, it may be difficult to get approved for a personal loan. In most cases, lenders require good to excellent credit but do not lose hope. There are quite a few that will accept applications from people with bad credit, however, this can cost higher interest rates and poorer terms. Please refer to our list of bad credit personal loans to compare your options. Kindly take note that the lender’s approval will still depend on their assessment of your financial situation.

      Lastly, you may use our personal loan calculator to know if the loan that you are applying for is the right one for you when it comes to repayments.

      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.


    Default Gravatar
    AndreiFebruary 14, 2018 it possible to get loan if i have 1 year working holiday visa?i came to Australia in 11th of January 2018 but i haven’t worked here yet.if its possible then what kind of amount of money i could get

      Avatarfinder Customer Care
      JonathanMarch 7, 2018Staff

      Hi Andrei, thanks for your inquiry.

      Can you confirm the code of your working holiday visa, so we can assist you further please?



    Default Gravatar
    JeromeSeptember 18, 2017

    I wish to apply for a $100,000 loan.

      Avatarfinder Customer Care
      RenchSeptember 20, 2017Staff

      Hi Jerome,

      Thanks for your inquiry. Please note that we are not affiliated with Westpac or any company we feature on our site and so we can only offer you general advice.

      If you are referring to Westpac’s personal loans, you may click on your preferred loan to see more details then you may click on ‘Go to Site’ button to submit an online application through Westpac’s official site.

      You can also have a look and compare your options on this page for $1000 loans.


    Default Gravatar
    AdamNovember 12, 2016

    Hi, I’m working for a big company as a sub-contractor driver and I receive my salary based on one year agreement and by payslip under my ABN number. My question is, is it enough to bring my last payslips or I must provide my last tax return history?

      Avatarfinder Customer Care
      MayNovember 16, 2016Staff

      Hi Adam,

      Thanks for your question.

      When applying for any type of credit, it’s best that you are ready to provide any proof of your income (e.g. tax return, pay slips, COE, etc.), finances and employment. These documents are generally required by most lenders. So if you could provide the most recent ones, that would be great.

      Hope this has helped.


    Default Gravatar
    JaneSeptember 24, 2015

    So after read all this, me and my husband are on Centrelink payments at the moment, but we both do save about $150 every week to help us to move.
    My husband receives FTB and Newstart for more than 5 years+ and I’m receiving Parenting payment Partnered.
    Can we get approved to apply Westpac credit card? Or which bank will approve?

      Avatarfinder Customer Care
      ElizabethSeptember 25, 2015Staff

      Hi Jane,

      Thanks for your question.

      Westpac handles credit card applications from Centrelink applications on a case-by-case basis. Your eligibility will depend on your financial situation, how much you receive in payments and what other debts and assets you have. You may want to give Westpac a call to discuss your eligibility.

      I hope this has helped.



      Default Gravatar
      GavinOctober 9, 2016

      My question to Westpac personal lending is why you present misleading information on a site like this where pensioners already feel disqualified from applying for credit. I did my homework as the site suggested. I get the full DSP pension and was told before applying for a loan what I could potentially borrow. After my loan was declined due to sustainability, I made further inquiries and no one would give me a firm answer until I eventually saw a Westpac bank manager who clearly said that a DSP is not enough income to sustain a loan not even for $4000. It says on this website though that you only need 15K per annum to apply for credit. You actually need double that amount. This experience left me with a bad taste in my mouth and I have been with Westpac for over 26 years with a good credit rating and no defaults on my Veda credit file. Can someone from Westpac please be honest and advice what your total income must be before the bank will even look at you!! Also I found really strange that I was not asked about my cash assets or any other asset for that matter to support my application

      Avatarfinder Customer Care
      ElizabethOctober 10, 2016Staff

      Hi Gavin,

      Thanks for your question and sorry about the difficulty you’ve had. On our review pages, including the one above, we haven’t listed $15,000 p.a. on any criteria. Westpac also doesn’t list a minimum income criteria on its site.

      The minimum criteria is that you’re over the age of 18 and earn a regular income, and we’ve confirmed with Westpac that certain types of Centrelink payments can be considered as income. However, your eligibility still comes down to whether or not you can afford the loan – Westpac will look at your income, your current debts and any cards you hold, and as an existing customer, your bank statements will also be checked to confirm your details.

      If you have questions regarding your specific application or eligibility for the loan, it would be best to contact Westpac directly.



    Default Gravatar
    andrewJuly 5, 2015

    can you buy a secondhand motorcycle under the Westpac car loan?

      Avatarfinder Customer Care
      ElizabethJuly 6, 2015Staff

      Hi Andrew,

      Thanks for your question.

      You are not able to use this loan to finance a secondhand motorbike. If you still want to go with Westpac you have the option of their flexi loan, or you can compare other motorbike loans. You can select the “Go to Site” button of your preferred lender to proceed with your application. A gentle reminder, please ensure to read through the relevant product disclosure statement and terms and conditions to ensure that you got everything covered before you apply.

      I hope this has helped.


    Default Gravatar
    BrianApril 25, 2015

    I want to pay all my loans out , so I have one loan , but to fined a loan to do this is hard . To get a loan is hard , my credit is not good but trying to fix , work up and down . Just need to get a start with someone . Got car payment , and a personal loan , can u help cheers brian

      Avatarfinder Customer Care
      MattApril 28, 2015Staff

      Hi Brian,

      Thanks for your comment and sorry to hear about your situation.

      You may benefit from investigating your debt consolidation offers. We have compiled a detailed guide on debt consolidation and if you have impaired credit, a guide to bad credit debt consolidation.

      I hope this has helped.


    Default Gravatar
    carolineApril 4, 2015

    Hi I am a retire and looking to buy a caravan To live in on my daughters property, I get around 80.000 per year, paying wasted money in rent up to 500.00 per week

      Avatarfinder Customer Care
      ShirleyApril 7, 2015Staff

      Hi Caroline,

      Thanks for your question.

      Please note that is an online comparison service and is not a product issuer. If you would like to discuss your eligibility or options, please get in touch with Westpac directly.


    Default Gravatar
    peterAugust 29, 2014

    hi i am on a dsp i get around 960pf before rent and bills/food so leave me about 450 something around there. now my question is i am going for my first time provisional license i am looking to borrow a $5000 loan to buy my very first car is there any bank or lending branch can offer me this sort of cash i can make per fortnight repayments no issue
    thank you

      Avatarfinder Customer Care
      ShirleySeptember 1, 2014Staff

      Hi Peter,

      Thanks for your question.

      We have a list of lenders offering Centrelink loans that may be able to consider you for a loan. Please use our table to know which lender suits you. 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.

      All the best,

    Default Gravatar
    demetJuly 16, 2014

    I have a 160.000 cash and I am a disability pension single mum for 3 kids ages are 10,8,1 years old
    can I get home loan from Westpac and how much I can my fortnightly family and pension payments are all 1300.00
    please let me know

      Avatarfinder Customer Care
      ShirleyJuly 17, 2014Staff

      Hi Demet,

      Thanks for your question.

      You’ve come through to, is an online comparison service. We are not directly affiliated with Westpac and we don’t handle any applications.

      These types of applications are handled on a case by case basis, so it’s probably best to speak to the customer service team at Westpac to enquire about your eligibility.


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