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Westpac Unsecured Personal Loan

With a Westpac Unsecured Personal Loan, your assets are not used as security, so the amount you are able to borrow and the interest rate differs from a Car Loan. 

Unsecured loan amounts range from $4,000 to $50,000 and the loan term is also 1-7 years and can be used for a variety of purposes. It has a fixed interest rate to give you certainty of knowing how much your repayments will be each month. You can make extra repayments without penalty, 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.

Existing Westpac customers may be eligible for discounts on the interest rate and those holding existing Student, Youth and Westpac Plus accounts may qualify for discounts.

  • Repayment Frequency to suit you - Choose the frequency of your repayments to suit when you get paid (weekly, fortnightly or monthly) as long as you pay your loan back within 1 to 7 years
  • Make extra repayments to repay your loan faster - If you choose a term greater than 2 years, and pay it out in less than 2 years, there is a prepayment fee of $175. This fee is waived if you pay out your personal loan by re-financing to another Westpac personal loan
  • Borrow between $4,000 and $50,000 - for a range of personal uses 
  • Terms between 1 to 7 years
Standard Rates
Min. Current Rate 12.99% p.a.
Comparison Rate 14.14% p.a.
Loan Details
Provider Westpac
Product Details Finance your dream holiday, debt consolidation, home renovation or wedding with this flexible unsecured loan offering a competitive fixed rate on loans $4,000 - $50,000 for up to 7 years
Min. Loan Term 1 years
Max. Loan Term 7 years
Min. Loan Amount $4,000
Max. Loan Amount $50,000
Available as a Car Loan No
Car Type -
Fees and Terms
Application Fee $250
Monthly Service Fee $12
Early Repayment Penalty $175
Missed Repayment Penalty $9
Document Release Fee $0.00
Repayment Options Weekly, Fortnightly or Monthly
Extra Payments Allowed Yes
Redraw Allowed No
Security No

What happens when I click "Go to site"?

  • 1

    Clicking Go to site will direct you to the providers web site

  • 2

    Complete the online application on the providers web site

  • 3

    Once approved the provider will issue your new product, delivery times will vary by provider.