WestpacUnsecured Personal Loan
Whether consolidating your debt or renovating your home, our Unsecured Personal Loan could help. See what personalised rate you could get.
At a glance
- Fixed
- 7.29%8.69% comparison
- Loan size
- $4,000 to $70,000
- Upfront fee
- $250
- Monthly fee
- $15
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 | 7.29% | 5.80%Plenti Personal Loan | 7.96%of 68 institutions | 21st lowest of 68 |
| Fixed personal loanRepayments stay the same for the term | 7.29% | 5.80%Plenti Personal Loan | 7.96%of 42 institutions | 15th lowest of 42 |
Rates
Every rate Westpac publishes for this personal loan, 2 in all.
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| FixedThe rate displayed is the minimum rate for the product. For information on the full rate range, please visit the product page, contact us on 132 032 or visit your nearest branch. | P&I | 7 yrs fixed | - | 7.29% | 8.69% | - |
| FixedThe rate displayed is the maximum rate for the product. For information on the full rate range, please visit the product page, contact us on 132 032 or visit your nearest branch. | P&I | 7 yrs fixed | - | 23.25% | 24.53% | - |
Fees
5 fees published, grouped by when they're charged.
- When you take it out$250Lending Establishment Fee
- While you hold it$15 a monthLoan Account Fee
- When you close it or pay it off$175Prepayment Fee
When you take it out1
- Lending Establishment Fee
This fee is waived for new and existing customers This fee is waived for new and existing customers
$250
While you hold it1
- Loan Account Fee$15 a month
If a payment is late or fails1
- Missed Payment Fee
If applicable
$15 30 days after it's due
When particular things happen1
- Bank Cheque Fee$10
When you close it or pay it off1
- Prepayment Fee
Applies if you choose a term greater than 2 years and pay it out in less than 2 years. This fee is waived if you pay out your personal loan by refinancing to another Westpac personal loan
$175
Features
- Pay your way - Match your pay day with weekly, fortnightly and monthly repayments
- Get a quote in under 5 minutes - Before you apply, check your repayments and get your rate without impacting your credit score.
- $0 extra repayment fee - Make extra repayments and get ahead of your personal loan. You're in control with Westpac.
- Borrow up to $70,000 - Choose the loan amount you want between $4K - $70K
- Same day funding - Once your loan's approved, customers with an existing Westpac transaction account can access funds within an hour of contract acceptance*.
- Loan terms to fit your budget - Set your loan term however you want between 1 - 7 years. A longer term will lower your repayment amount, a shorter term will lower the interest you pay overtime
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 $70,000
- 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
- A before tax annual income of at least $25,000 is recommended
- Minimum term 1 year
- Maximum term 7 years
Compare it with others
Put this product through a calculator
Published by Westpac under the Consumer Data Right, last changed by them on 28 Oct 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.