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
OtherAdditional Information: Withdraw funds whenever you need them, without reapplying.
OtherAdditional Information: Pay interest only on what you've used ? not your whole credit limit.
OtherAdditional Information: Repay what you like each month, over the monthly minimum repayment.
OtherAdditional Information: Transfer funds from your Flexi Loan account to a transaction account or pay bills directly using BPAY.
OtherAdditional 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.
OtherAdditional 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 RepaymentsAdditional Information: The product has EXTRA_REPAYMENTS option available.
Fraud ProtectionAdditional Information: The product includes FRAUD_PROTECTION features.
Relationship ManagementAdditional 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.
OtherAdditional Information: You have a regular, verifiable Australian taxable income
OtherAdditional Information: You should have a fixed, verifiable residential address in Australia.
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