Personal loan products

Available at Westpac?

Fixed rate personal loan

Variable rate personal loan

Low credit personal loan

Personal loan for cars

Secured personal loan

Westpac personal loans review

Information correct as of 30 November 2023

Westpac personal loan terms

Unsecured personal loans with Westpac are available for 1-7 year loan terms, and can be for any amount from $4,000 to $50,000. Repayments can be weekly, fortnightly or monthly.

For existing Westpac customers, the wait time from approval to receiving the money can be less than 60 minutes.


The following are eligible for an unsecured personal loan with Westpac:

  • Australian citizens

  • Australian permanent residents

  • Holders of an acceptable visa with at least a year remaining (full list of available visas here)

Westpac personal loan rates

Westpac does not have a set rate for its unsecured personal loan. Instead, rates are personalised based on the creditworthiness of the borrower. The risk-based rate discrepancy can be as much as 14 percentage points.

Westpac personal loan fees

These are some of the common fees that currently apply on Westpac unsecured personal loans, as of November 2023.



Lending establishment fee


Added to loan amount

Monthly account fee


Prepayment fee


Applies to borrowers who take out a loan with a term of two years or more and repay it before two years