Westpac - Unsecured Personal Loan
Unsecured | Fixed
The Westpac Unsecured Personal Loan offers an advertised interest rate from 7.99% p.a. and a comparison interest rate from 9.18% p.a.. This product has a loan service charge of $12 per month. The Westpac Unsecured Personal Loan is a Fixed rate, Unsecured loan with a borrowing range between $4,000 and $50,000 and a loan repayment term of between 1 and 7 years.
More details about the Westpac Unsecured Personal Loan can be found below or visit Westpac to learn more or apply.
A comparison rate of 9.18% p.a. and an advertised rate of 7.99% p.a.. The loan type will be Unsecured.
Advertised Rate
From 7.99% p.a. to 20.49% p.a. Fixed
Comparison Rate
From 9.18% p.a. to 21.61% p.a.
Loan Term
1 to 7 years
Borrowing Range
$4,000 to $50,000
Interest
Rate Type
Fixed
Advertised Rate
From 7.99% p.a. to 20.49% p.a.
Fixed
Comparison Rate
From 9.18% p.a. to 21.61% p.a.
Application Frequency
Monthly
Calculation Frequency
Daily
Loan Security
Loan Security
Unsecured
Loan Terms
Loan Term
1 to 7
years
Borrowing Range
$4,000 to $50,000
Repayment
Fortnightly, Weekly, Monthly
Features
Extra Repayments Allowed
Yes
Fees
Establishment Fee
$250
one off
Loan Service Fee
$12
per month
Early Repayment Fee
$175
per event
Late Payment Fee
$15
per event
Who is the product designed for?
This product is designed for a class of consumers whose likely needs, objectives and financial situation are aligned with the product and the product’s key attributes.
This product is for those who:
- Need an unsecured personal loan for a purpose such as for a personal purchase or debit consolidation that is provided over a fixed term with a fixed interest rate.
Needs, objectives and financial situation
- Need a personal loan personal loan for a purpose such as for a personal purchase or for debit consolidation
- Need interest rate and/or repayment stability during the life of the loan.
- Want certainty of the end date of the loan
- May want repayment options
- Are able to meet repayment obligations
Key product attributes
- A lump sum loan provided for various purposes including a personal purchase or debit consolidation
- A fixed interest rate for the life of the loan
- A fixed repayment term from 1 to 7 years
- Weekly, fortnightly, or monthly repayment options
Visit Westpac to view Target Market Determination Effective From: 2023-06-01.
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