Westpac
Flexi Loan
Big plans? Sudden bills? Apply once to get up to $50,000. Keep interest low by drawing only what you need, when you need it.
Personal loansBank updated 21 Aug 2026
At a glance
- Variable
- 18.99%
- Loan size
- $4,000 to $50,000
- Upfront fee
- $150
- Monthly fee
- $12
§ 01 — Rates · 1
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| Variable | P&I | — | — | 18.99% | — | — |
§ 02 — Fees · 7
| Fee | Type | Amount | When | Notes |
|---|---|---|---|---|
| Bank Cheque Fee | Event | $10 | — | — |
| Overlimit Fee | Event | $15 | — | — |
| Redraw Fee | Event | No fee | — | — |
| Prepayment Fee | Exit | No fee | — | — |
| Missed Payment Fee | Late payment | $15 | — | — |
| Loan Account Fee | Periodic | $12 | Every 1 mo | — |
| Lending Establishment Fee | Upfront | $150 | — | — |
§ 03 — Features
RedrawExtra repaymentsDigital bankingFraud protectionUnlimited transactionsRelationship manager
- · Cash on demand - Get up to $50,000. Use in one go or bit by bit?it?s up to you.
- · Pay for what you use - Only pay interest on the amount you use?not your full limit.
- · Repay your way - There's no loan end date and no early repayment fee.
- · The minimum monthly repayment on your Flexi Loan includes: The monthly loan account fee, 2% of the statement's closing balance (excluding the monthly loan account fee). Or the full closing balance if…
§ 04 — Eligibility & limits
- · Minimum age 18
- · Residency: You're an Australian or New Zealand citizen or you have permanent residency in Australia and hold an acceptable visa
- · Amount $4,000 to $50,000
- · A non-resident or migrant and hold an acceptable visa. Must have at least 1 year before expiry.
- · Have a fixed, Australian address
- · You have a fixed, verifiable residential address in Australia.
- · Minimum term 1 year
- · Maximum term 5 years (per term plan)
§ 06 — Run the numbers
Put this product through a calculator
Published by Westpac under the Consumer Data Right, last changed by them on 21 Aug 2026. Figures are shown as the institution publishes them and can change without notice; confirm on their site before applying. The Finance Algorithm earns nothing from any product listed here.