Westpac – loan
Online loans up to $100 000
Loan amount
$4,000 – $100,000
Interest from
11.99%
Term
1 – 7 months
Approval
60 minutes
Applying does not commit you to a contract.
Properties of this loan
- Online loans up to $100 000
- Term 1 - 7 years
Westpac is one of Australia's "big four" banks and the country's oldest banking brand, founded in 1817. It operates nationally and also owns the St.George, BankSA and Bank of Melbourne brands, which largely share Westpac's lending products under different regional branding.
Westpac's unsecured personal loan can be used for a wide range of purposes such as debt consolidation, travel, weddings or major purchases, with fixed or variable rate options depending on the product chosen. Applications can be completed online, with existing Westpac customers often able to get a faster, partly pre-filled application.
✓ Pros
- No security required for the standard personal loan
- Choice of fixed or variable rate depending on the product
- Fast online application, faster for existing customers
- Backed by Australia's oldest banking brand
✗ Cons
- Advertised rate is not guaranteed — depends on individual credit assessment
- Unsecured rates are generally higher than Westpac's secured car loan rates
- Early repayment may involve a break cost on fixed-rate loans
How to apply
- Submit the online application
- Select your amount
- Get your application verified
Loan requirements
- ✓ 18 years or older
- ✓ Australian citizen or permanent resident
- ✓ Regular income from employment or other verifiable source
- ✓ Active Australian bank account
- ✓ Valid driver's licence or passport for ID verification
Frequently asked questions
60 minutes
The minimum loan amount at Westpac is $4,000.
About Westpac Banking Corporation
| Company | Westpac Banking Corporation |
|---|---|
| Address | 275 Kent St, Sydney NSW 2000 |
| Website | https://www.westpac.com.au |