Westpac Unsecured Personal Loan

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Take advantage of flexible terms and a fixed rate with a Westpac Unsecured Personal Loan.

The Unsecured Personal Loan from Westpac offers you a fixed interest rate so that you can be certain of consistent repayment amounts for the life of your loan. You can apply to use the loan for a variety of personal purposes, with the loan amount ranging from $4,000 to $50,000 on a term of up to 7 years.

Things you should know about this loan

  • Fixed rate but extra repayments allowed. You're able to benefit from a fixed rate with this loan, keeping your repayments the same this month,
    but you can also make extra repayments without penalty. Keep in mind a fee might apply if you repay your entire loan early.
  • Possible interest rate discounts Existing Westpac customers may be eligible for interest rate discounts and those holding existing Student, Youth and Westpac Plus accounts may qualify for discounts.

11.99% (fixed)

Interest Rate (p.a.)


Comparison Rate (p.a.)


Min Loan Amount


Product NameWestpac Unsecured Personal Loan
Interest Rate (p.a.)11.99% (fixed)
Comparison Rate (p.a.)13.15%
Interest Rate TypeFixed
Min Loan Amount$4,000
Max. Loan Amount$50,000
Loan SecurityUnsecured

Main points to consider with the Westpac Unsecured Personal Loan

As this is an unsecured loan, you will not be required to offer your personal assets as a guarantee. The fixed interest rate option also means that you have the benefit of knowing what your repayments will be over the life of the loan. You can make extra repayments without penalty, but a prepayment fee of $175 applies only if you choose a loan term greater than two years and pay your loan off within two years.

Features of the Westpac Unsecured Personal Loan

  • Competitive rates. You will get a fixed rate of 11.99% p.a.
  • Establishment fee. You will have to pay establishment fee of $250.
  • Fees. A monthly $12 fee applies and $175 early repayment fee is applicable if the loan on a term greater than two years is paid off within two years.
  • Loan terms. You choose a minimum term of 1 year and a maximum of 7 years.
  • Loan amount. Borrow any amount between $4,000 and $50,000 depending on your eligibility.
  • Flexible repayment schedule. Choose a repayment schedule on a weekly, fortnightly or monthly basis.
  • Extra repayments. If you have extra funds you can use them to make additional payments on your loan amount at any time. Keep in mind if you choose a loan term over two years and repay your loan within two years, a prepayment fee of $175 will apply.
  • Possible interest rate discounts. If you are already banking with Westpac and have a Student, Youth or Plus Package account you may qualify for a discount on the interest rate.
  • Insurance options. Westpac offers loan insurance options to protect you for the life of your loan once you have been approved.

Westpac Unsecured Personal Loan rates...

  • Interest rate (fixed): 11.99% p.a.
  • Comparison rate (fixed): 13.15% p.a.

How you can apply for the Westpac Unsecured Personal Loan

The Westpac Unsecured Personal Loan can be used for a range of personal purposes. If you're ready to apply, you can get the process started by clicking "Go to Site". The following eligibility criteria needs to be met before you can start your application. You must:

  • Be over the age of 18.
  • Have regular income
  • Be a permanent Australian resident or a non-resident with an acceptable visa and confirmed employment in Australia

Have the following information handy when filling out the application form:

  • Personal details. This includes your name, forms of ID and your contact details.
  • Financial information. Your income, assets, debts and liabilities.

You should be notified of your application's outcome within two business days. If you're approved, you can receive your funds through a bank transfer or bank cheque.

While this Personal Loan from Westpac is a competitive option to consider, remember to compare your unsecured personal loan options before applying to ensure you apply for the best loan for your needs and situation.

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 28.69% 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 NAB Personal Loan Unsecured Fixed
NAB Personal Loan Unsecured Fixed

You'll receive a fixed rate between 9.99% p.a. and 18.99% p.a. ( 10.66% p.a. to 19.59% 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. (13.34% p.a. comparison rate) or less. See Comparison rate warning in (i) above. Application fee of $150 waived off.

Logo for SocietyOne Unsecured Personal Loan
SocietyOne Unsecured Personal Loan

You'll receive a fixed rate between 7.5% p.a. and 20.49% p.a. based on your risk profile
A loan from $10,000 to use for a range of purposes. Benefit from no ongoing fees and no early repayment fee.

Logo for Pepper Money Unsecured Fixed Rate Personal Loan
Pepper Money Unsecured Fixed Rate Personal Loan

You'll receive a fixed rate between 7.95% p.a. and 16.95% p.a. based on your risk profile
A loan from $5,000 to use for a range of purposes. Make additional repayments or pay off the loan early, penalty-free.

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  1. Default Gravatar
    February 28, 2019

    Hi there,

    Just wondering if I am able to get a personal loan of $10,000 if I’m on a permanent part-time job and permanent resident and what would be the interest if it is three years period for this loan?

    • Avatarfinder Customer Care
      March 2, 2019

      Hi Jason,

      Thank you for getting in touch with Finder.

      As per this page, it requires applicant with regular income. I suggest that you click on the go to site button to be redirected to Westpac’s official loan application page. Please make sure that you’ve review the eligibility criteria of the loan and read the relevant T&Cs or PDS of the loan before making a decision and consider whether the product is right for you. You may also contact Westpac team to know your chances of getting approved personal loan application with them.

      If you are still looking around, kindly use this page as guide on personal loans for casual or part-time employees. As per the said page, you will just need to ensure you meet the minimum income criteria with regards to employment requirements. This is usually around $15,000-$20,000 p.a.

      I hope this helps.

      Thank you and have a wonderful day!


  2. Default Gravatar
    November 27, 2018

    i am a tpi pensioner and receive a fortnightly payment of $2098 and my wife receives a dva fortnightly payment of $690 plus a carers payment of $127 from centerlink we are looking for a personal loan of approx $15000 over a period of three years can you help us

    • Avatarfinder Customer Care
      November 28, 2018

      Hi William,

      Thank you for reaching out to finder.

      For you to be able to start an application with Westpac, you may click on the “Go to site” button on this page for you to start. 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. Hope that helps!


  3. Default Gravatar
    August 1, 2018

    i just started work 3months ago and also on a bridging visa .i need a personal loan to get myself a car for work .is that possible and what steps should i take

    • Default Gravatar
      August 1, 2018

      Hi Precious,

      Thanks for leaving a question on finder.

      The Westpac Unsecured Personal Loan can be used for a range of personal purposes. However, only permanent residents are eligible for this personal loan. If you are looking for a loan as a temporary resident, please click HERE. There are a number of banks and lenders in Australia who consider applications for personal loans from people that have a temporary resident visa.

      Minimum criteria for personal loans usually stipulates:

      1. Age. You’ll need to be over the age of 18.
      2. Visa. Check if any specific Visa types are excluded from the lender’s criteria, or if any other criteria is mentioned.
      3. Employment. You will generally need to be in permanent employment earning an income of $50,000 p.a.
      4. Financials. You will need an Australian bank account that is in good standing.

      Hope it helps!


  4. Default Gravatar
    April 27, 2018

    Single mother of 2 Own my Home and Car out right. Only getting Newstart and Family tax A&B benefits. Where can I get a loan for $5000 to do some renovations on my Home.

    • Default Gravatar
      April 27, 2018

      Hi Sharon,

      Thanks for leaving a question on finder.

      You still may be eligible for a loan if you receive Centrelink payments as part or even all of your income. These include loans from short-term lenders, banks and credit unions. Government and community financial assistance schemes are also available.

      For more information, please go HERE.


  5. Default Gravatar
    January 31, 2018

    where do pensioners get a personal loan ?

  6. Default Gravatar
    December 12, 2017

    Looking at getting a loan and have been a Westpac customer for all my life and I need the loan for white goods and family and Christmas

    • Avatarfinder Customer Care
      December 13, 2017

      Hi Kathleen,

      Thank you for your inquiry.

      If you wish to apply for “Westpac Unsecured Personal Loan” you can get the process started by clicking “Go to Site”. The following eligibility criteria need to be met before you can start your application. You must:

      – Be over the age of 18.
      – Have regular income
      – Be a permanent Australian resident or a non-resident with an acceptable visa and confirmed employment in Australia

      I hope this information has helped.


  7. Default Gravatar
    November 12, 2017

    Can I get a personal loan with bad credit but use my friend as a guarantor on the loan who’s credit rating is excellent? If so will I get cheaper interest rate ? I was hoping to borrow around 25,000

    • Avatarfinder Customer Care
      November 13, 2017

      Hi Grant,

      Thanks for reaching out.
      For personal loans, there are lenders that would allow a cosigner if your credit is less than perfect.

      A cosigner is someone who agrees to pay back your loan if you miss payments or default on it. Rather than relying on your credit history and score alone, creditors can take your cosigner’s financial history into account.

      You can visit this page to get detailed information about having a cosigner on a personal loan, the difference between cosigners and guarantors and a selection of lenders that allow co signers for personal loans.


  8. Default Gravatar
    July 6, 2017

    I am part time worker and on Centrelink payment, am I available to apply for a loan?

    • Avatarfinder Customer Care
      July 7, 2017

      Hi Totogata,

      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 Unsecured Personal Loan, please contact Westpac directly or visit their official site to submit an online application through them. You can also have a look on these pages for helpful info and where you can compare other options for you:
      Personal loans for casual and part-time employees
      Don’t let the pension get in the way of getting a loan

      Hope this helps.


  9. Default Gravatar
    August 15, 2016

    I am 25 years old and applying for a loan. I work under the Republic of Fiji Military Force( RFMF) here in Fiji and I am based in Labasa.

    Can I loan for Refinance and Personal Commitment???

    • Avatarfinder Customer Care
      August 16, 2016

      Hi Paulo,

      Unfortunately these loans are only available to current residents of Australia. You’ll need to find a lender in Fiji to apply for a loan.

      Sorry I couldn’t be of more assistance,


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