RBA Cash Rate: 4.35% · 1AUD = 0.67 USD · Inflation: 4.1%  
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Example Interest Rates: Home Loan Variable: 5.69% (5.89%*) • Home Loan Fixed: 5.39% (6.59%*) • Fixed: 5.39% (6.59%*) • Variable: 5.69% (5.89%*) • Investment IO: 5.69% (6.48%*) • Investment PI: 5.39% (6.59%*)

  Flexi Loan

An ongoing line of credit facility you can access when you need to, without having to reapply.
Category: Personal Loans  Last Updated March 28, 2024  Effective November 1, 2024

 General Lending Rates

Rates listed below are for a VARIABLE product. Additional Information Repay what you like each month, over the monthly minimum repayment
Interest Rate
16.99% PA
Comparison Rate
0.00%PA*
Product rates will vary depending upon your financial position< LVR, and other criteria. The product may also vary depending upon the rate type, repayment type, or loan purpose. We encourage you to contact us for a full understanding of the product and terms.

 Product Features

  • Other Additional Information: Withdraw funds whenever you need them, without reapplying.
  • Other Additional Information: Pay interest only on what you've used ? not your whole credit limit.
  • Other Additional Information: Repay what you like each month, over the monthly minimum repayment.
  • Other Additional Information: Transfer funds from your Flexi Loan account to a transaction account or pay bills directly using BPAY.
  • Other Additional Information: The minimum monthly repayment on your Flexi Loan includes: The monthly loan account fee, 2% of the closing monthly unpaid balance (rounded up to the nearest dollar) or $10 ? whichever is greater, plus The greater of any unpaid past due amounts from previous statements, or any amount that exceeds the credit limit.
  • Other Additional Information: Internet and Phone banking : Includes the Security, Stopping or altering payments, Scheduled transactions and payments , Other transactions and payments, Faults and service difficulties
  • Extra Repayments Additional Information: The product has EXTRA_REPAYMENTS option available.
  • Fraud Protection Additional Information: The product includes FRAUD_PROTECTION features.
  • Relationship Management Additional Information: RELATIONSHIP_MANAGEMENT is available for eligible customers.

 Product Eligibility

  • Min Age - 18.
  • Residency Status - Should Be A Citizen Or Permanent Resident Of Australia, Or Hold An Acceptable Visa, With A Minimum 1 Year Before Expiry.
  • Other Additional Information: You have a regular, verifiable Australian taxable income
  • Other Additional Information: You should have a fixed, verifiable residential address in Australia.

 Bank Fees and Charges

  • Loan Account Fee (Periodic), Amount: 12.00.
  • Lending Establishment Fee (Upfront), Amount: 150.00.
  • Prepayment Fee (Exit), Amount: 175.00. Additional Information: 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
  • Missed Payment Fee (Payment), Amount: 15.00.
  • Bank Cheque Fee (Event), Amount: 10.00.
  • Redraw Fee (Event), Amount: 0.00.
  • Overlimit Fee (Event), Amount: 15.00.

 Document Downloads

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Download our complimentary 650-page guide on marketing for mortgage brokers. We'll show you exactly how we generate billions in volume for our clients.
Finance Guide, Cropped Top and Bottom
  Timezone: 1 · [ CHANGE ]

■ ■ ■

 
Download our complimentary 650-page guide on marketing for mortgage brokers. We'll show you exactly how we generate billions in volume for our clients.
Finance Guide, Cropped Top and Bottom
  Timezone: 1 · [ CHANGE ]

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