Westpac Flexi Loan

Westpac
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Start rate
12.99%
Interest
Variable
Max. loan
$75,000
Editor choice

Moneybuddy says

Westpac Flexi Loan offers a competitive variable interest rate and allows you to borrow between $4,000 and $75,000. With a Westpac Flexi Loan you have the flexibility to make extra repayments to pay off your loan sooner. Apply either online, at a Westpac Branch or via Westpac's Personal Lending Centre

The Basics

Security Unsecured

Personal loan type Personal Loan

Start rate 12.99%

Interest Variable

Max. loan $75,000

The cool stuff: features

Loan insurance available? No

Repayment schedule -

Online application Yes

Redraw facility -

Early repayment allowed Yes

Additional repayments allowed Yes

The Facts & Figures

Comparison rate -

Min. loan $4,000

Min. term -

Max. term -

The ugly stuff: fees

Signup fee $150

Exit fee -

Monthly fee $5

* Important note: All information provided by advertiser or taken from advertiser website and correct at time of publishing. If this information is incorrect, please contact us.

Westpac says

You can use a Westpac Flexi Loan for almost any personal purpose where security is not required plus you have the ability to redraw funds as needed.2 A Flexi Loan is different to a traditional personal loan. Unlike a personal loan, where you apply for a specific amount, a Flexi Loan gives you a credit facility that's at your disposal any time you need it.2 Once your application is approved, you'll have between $4,000 and $75,000 available to you in your Flexi Loan account. It's a simple and flexible way you could have money available to you for the things you need now - and in the future. Applying for a Flexi Loan only takes about 15 minutes. You can apply for one by:visiting your local Westpac branch, visiting westpac.com.au/flexiloan, Calling our Personal Lending Centre on 132 651 (Mon-Fri 8am-9pm, Sat and Sun 9am-6pm, AEST).Click here for more information about Westpac Flexi Loan

1. Approval is subject to Westpac's normal lending criteria. Conditions and fees and charges apply. If you are eligible for a Flexi Loan and you are an existing Westpac customer and we do not need to verify your identity or your current income, your application may be unconditionally approved. All other eligible applications may be conditionally approved subject to verification of the applicant's identity and/or income. 2. Withdrawals are up to your available credit limit are subject to authorisation.

Key features

  • Apply in as little as 15 minutes
  • Get a response in under 60 seconds1
  • Credit limit between $4000 and $75000*
  • Choice of flexible repayment options
  • Make withdrawals at any time up to your available credit limit – no need to re-apply2
  • Competitive variable interest rate
  • Flexibility to make extra repayments to pay off your borrowed amount sooner

Pros

  • Get a response in under 60 seconds
  • One-off Establishment Fee
  • Flexible repayment options

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