If you are after an unsecured personal loan where you can see your money fast once approved, the Westpac Personal Loan is worth considering. This loan comes with a range of choices from repayment schedules, borrowing amounts and loan terms. Plus, customers can make free extra repayments whenever they want. You’ll also be pleased to know that Westpac offers funding 60 minutes after approval.
With the Westpac Personal Loan there are plenty of options.
Customers can borrow anywhere from $4,000 to $50,000 and receive an 7.99% p.a. fixed rate (9.18% p.a. comparison rate*). Plus they can opt to take out a loan from 1 to 7 years.
And when it comes to paying off the loan, there’s even more choice! Customers can make weekly, fortnightly or monthly repayments and make free extra repayments if they want to. However, there is no redraw facility attached to this loan.
There are a few fees to be mindful too, they include: $250 application fee, $12 monthly loan account fee and a $15 late payment fee.
The Westpac Personal Loan could be a great option for someone that wants the flexibility to make extra repayments towards the loan but the certainty of a fixed interest rate.
To be eligible for this loan, you must have a regular permanent income of at least $35,000.
Also bear in mind that this loan is unsecured so you don’t need to put up assets as collateral. However, if you are looking at this loan to buy a car, the Westpac Car Loan may be a better choice.
Fixed |
|
7.99% p.a.to 20.49% p.a. fixed |
|
9.18% p.a.to 21.61% p.a.based on $30,000 |
$250.00 |
|
$12.00 |
|
$15.00 |
|
$0.00 |
|
$0 |
$4,000.00 |
|
$50,000.00 |
|
1 Year |
|
7 Years |
|
Unsecured |
- |
|
Weekly, Fortnightly, Monthly |
|
yes |
|
no |
|
Eligibility conditions include a regular permanent income of at least $35,000 p.a.. $175 prepayment fee if you choose a term >2 years and pay it out in less than 2 years. |
|
none |
WARNING: The Comparison Rate combines the lender's interest rate, fees and charges into a single rate to show the true cost of a personal loan. The comparison rates displayed are calculated based on a loan of $30,000 for a term of 5 years or a loan of $10,000 for a term of 3 years as indicated, based on monthly principal and interest repayments, on a secured basis for secured loans and an unsecured basis for unsecured loans. This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.
I love my WESPAC bank
Read full reviewI love my WESPAC bank
Great service and needed products
Read full reviewGreat service and needed products
Westpac are fairly good and prompt with the approval and contact in regards to any of their provided services.
Read full reviewWestpac are fairly good and prompt with the approval and contact in regards to any of their provided services.
Wonderful service. The knowledge on loan products were great
Read full reviewWonderful service. The knowledge on loan products were great
Once again Westpac failed me. I rang to fix my loan as it was maturing from a fixed interest period. I agreed to pay $180 to fix at present rate as the loan was to expire in a few weeks. I went to the bank and handed in my paper copy of agreement. To my surprise, but not really surprised as it is Westpac, I received a letter indicating my new rate, not the one I had selected to pay for. I checked my Account they hadn't taken out the $180, so what happened with my paperwork and commitment from the bank to the agreed rate over the phone? Every time I have interaction with Westpac I am disappointed. I would never recommend Westpac to my family or friends. Disgusting behavior. From my view they are more interested I their profit than their customers . Shame on you Westpac Very disappointed again.
Read full reviewOnce again Westpac failed me. I rang to fix my loan as it was maturing from a fixed interest period. I agreed to pay $180 to fix at present rate as the loan was to expire in a few weeks. I went to the bank and handed in my paper copy of agreement. To my surprise, but not really surprised as it is Westpac, I received a letter indicating my new rate, not the one I had selected to pay for. I checked my Account they hadn't taken out the $180, so what happened with my paperwork and commitment from the bank to the agreed rate over the phone? Every time I have interaction with Westpac I am disappointed. I would never recommend Westpac to my family or friends. Disgusting behavior. From my view they are more interested I their profit than their customers . Shame on you Westpac Very disappointed again.
Unsecured Personal Loan
6.75% p.a.to 26.95% p.a.
6.75% p.a.to 26.95% p.a.based on $30,000
over 5 years
Unsecured Personal Loan
5.76% p.a.to 24.03% p.a.
6.55% p.a.to 24.98% p.a.based on $30,000
over 5 years
Low Rate Personal Loan
6.57% p.a.to 8.48% p.a.
7.19% p.a.to 8.84% p.a.based on $30,000
over 5 years
Express Personal Loan
14.95% p.a.to 27.95% p.a.
29.30% p.a.to 42.8% p.a.based on $10,000
over 3 years
Debt Consolidation
6.57% p.a.to 18.99% p.a.
7.19% p.a.to 19.39% p.a.based on $30,000
over 5 years
Debt Consolidation
5.76% p.a.to 24.03% p.a.
6.57% p.a.to 24.99% p.a.based on $30,000
over 5 years
Express Personal Loan
14.95% p.a.to 27.95% p.a.
29.30% p.a.to 42.8% p.a.based on $10,000
over 3 years
Clean Green Car Loan
7.69% p.a.
8.80% p.a.based on $30,000
over 5 years
Unsecured Personal Loan
6.75% p.a.to 26.95% p.a.
6.75% p.a.to 26.95% p.a.based on $30,000
over 5 years
Low Rate Personal Loan
6.57% p.a.to 8.48% p.a.
7.19% p.a.to 8.84% p.a.based on $30,000
over 5 years
Unsecured Personal Loan
5.76% p.a.to 24.03% p.a.
6.55% p.a.to 24.98% p.a.based on $30,000
over 5 years
Express Personal Loan
14.95% p.a.to 27.95% p.a.
29.30% p.a.to 42.8% p.a.based on $10,000
over 3 years
Low Rate Personal Loan
9.14% p.a.to 11.19% p.a.
9.50% p.a.to 11.56% p.a.based on $30,000
over 5 years
Debt Consolidation
5.76% p.a.to 24.03% p.a.
6.57% p.a.to 24.99% p.a.based on $30,000
over 5 years
Unsecured Personal Loan
6.75% p.a.to 26.95% p.a.
6.75% p.a.to 26.95% p.a.based on $30,000
over 5 years
Debt Consolidation
5.76% p.a.to 24.03% p.a.
6.57% p.a.to 24.99% p.a.based on $30,000
over 5 years
Unsecured Personal Loan
6.75% p.a.to 26.95% p.a.
6.75% p.a.to 26.95% p.a.based on $30,000
over 5 years
Unsecured Personal Loan
5.76% p.a.to 24.03% p.a.
6.55% p.a.to 24.98% p.a.based on $30,000
over 5 years
Low Rate Personal Loan
6.57% p.a.to 8.48% p.a.
7.19% p.a.to 8.84% p.a.based on $30,000
over 5 years
Debt Consolidation
5.76% p.a.to 24.03% p.a.
6.57% p.a.to 24.99% p.a.based on $30,000
over 5 years
Clean Green Car Loan
7.69% p.a.
8.80% p.a.
$8.00