WestpacFlexi 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 4 Nov 2026
At a glance
- Variable
- 18.99%
- Loan size
- $4,000 to $50,000
- Upfront fee
- $150
- Monthly fee
- $12
How it compares
This personal loan in ink, against the best that every other institution publishes for anyone to apply for. Each figure is counted the same way for all of them.
| Rate | This personal loan | Best anywhere | Typical institution | Where it sits |
|---|---|---|---|---|
| Personal loanLowest advertised rate, fixed or variable, leaving out car loans | 18.99% | 5.80%Plenti Personal Loan | 7.96%of 68 institutions | 68th lowest of 68 |
| Variable personal loanMoves with the lender's rates | 18.99% | 6.29%Bank of us' RESIDENTIALLY SECURED PERSONAL LOAN | 8.02%of 45 institutions | 45th lowest of 45 |
Rates
The one rate Westpac publishes for this personal loan.
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| VariableOffer: Enjoy a discounted introductory rate of 12.49% p.a for the first 6 months. Save on interest with a new Westpac Flexi Loan, when you apply and accept your contract by 28th January 2027. Borrow… | P&I | - | - | 18.99% | - | - |
Fees
7 fees published, grouped by when they're charged.
- When you take it out$150Lending Establishment Fee
- While you hold it$12 a monthLoan Account Fee
- When you close it or pay it offNo feePrepayment Fee
When you take it out1
- Lending Establishment Fee
This fee is waived for new and existing customers
$150
While you hold it1
- Loan Account Fee$12 a month
If a payment is late or fails1
- Missed Payment Fee
If applicable
$15 30 days after it's due
When particular things happen3
- Bank Cheque Fee$10
- Overlimit Fee$15
- Redraw FeeNo fee
When you close it or pay it off1
- Prepayment FeeNo fee
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…
Eligibility and 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.
- Receive a regular, verifiable Australian taxable income
- Have a fixed, verifiable residential Australian address
- Minimum term 1 year
- Maximum term 5 years (per term plan)
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Published by Westpac under the Consumer Data Right, last changed by them on 4 Nov 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.