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14.69%
15.55%
$10.00
$150
As Australia’s first bank, Westpac has been serving customers since 1817! Now that Westpac has merged with St George to create Australia’s largest financial services company. Westpac customers will benefit from things like being able to use both banks’ ATM networks without paying any extra fees. So if you’re after the security offered by a major bank, check out Westpac’s range of banking products such as savings accounts, home loans, personal loans, credit cards and other financial services such as its car and home and contents insurance.
Mozo People's Choice Awards. As voted by the Australian money public. Our Community of 23,000 reviewers gave this provider the thumbs up.
| Product Type | Overall | Price | Features | Service | Convenience | Trust |
|---|---|---|---|---|---|---|
| Westpac personal loans |
6.8
Based on 100 Westpac personal loan reviews |
6.2 | 5.2 | 7.4 | 8.0 | 6.9 |
Read Westpac personal loan reviews by the Mozo community
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The bank where you are a person not a number
We have found the customer service to be excellent at Westpac. They went out of their way to assist us in our home loan. We had unique circumstances in our job situation which made proving our income difficult, but they went out of the way to ass... Full review
We have found the customer service to be excellent at Westpac. They went out of their way to assist us in our home loan. We had unique circumstances in our job situation which made proving our income difficult, but they went out of the way to assist us in owning our first home. I was very thankful as we had been turned down by many others but they said yes when others said no.
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Watch this one because it will bite you
This was an options suggested to me to help me consolidate debts and get out of the debt trap that I found myself in between Mortgage, Car Loan and Credit Card. Admittedly I got into this situation by living beyond my means but for about 2 yrs hav... Full review
This was an options suggested to me to help me consolidate debts and get out of the debt trap that I found myself in between Mortgage, Car Loan and Credit Card. Admittedly I got into this situation by living beyond my means but for about 2 yrs have changed my spending habits and making a consolidated effort to get out. The Flexi Loan initially gave me a good 11% interest rate which quickly went up to 14.99%, monthly fee on top of interest doubled overnight from $5 a month to $10. The bank have since offered other, cheaper and what I would see as more suitable options to a customer with a mortgage, insurance and savings account with them for more than 10 years. However, my 'personal banking' consultant was very keen to sign me up but has been less than helpful since!! I have to fight for everything and I really feel that they are not aligned to my goals of becoming financially secure but are rather focussed on making as much $$ from me a month in interest and fees!! I will not go into some of the ridiculous battles I have had with them but as soon as I pay my flexi loan and get my home loan to a good level I am getting out of this bank (which I have told them and they dont care about because they know they have me over a barrel!!). I have less than 25% of my original loan amount to go and am selling my stuff to pay it off as quick as possible because I want out that bad! It is my personal recommendation that you do not use this product and that there are loads of better options out there, the best being don't get into debt in the first place and make sure your home loan is very affordable!! I notice even now they are advertising this product with a 12% rate while mine remains at 14.99%. Good luck, I aim to be completely debt free in another 18months, I can't wait!!
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Standard offering from one of the big four banks.
Rates are variable and quite high compared to home loans. Not far behind credit card rates. Full review
Rates are variable and quite high compared to home loans. Not far behind credit card rates.
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Good rates but watch the small print carefully
The interest rate is quite good but when we signed up it wasn't explained to us that the longer the term of the loan, the more interest you pay and as a result our loan is over 7 years. A more honest and upfront approach from the banker and we wou... Full review
The interest rate is quite good but when we signed up it wasn't explained to us that the longer the term of the loan, the more interest you pay and as a result our loan is over 7 years. A more honest and upfront approach from the banker and we would've chosen a shorter term loan. The bank seemed to blindside us to earn themselves some extra interest (a bit of extra profit for an executive's BMW).
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