Bankwest Personal Loans

Borrow up to $50,000 with an unsecured or flexible personal loan with terms up to 7 years. Application and monthly fees apply.

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Bankwest

Bankwest, a part of the CommBank Group, offers a range of financial products and services. In addition to savings accounts, home loans and credit cards, the bank also offers a range of personal and car loans. For their unsecured loan, the interest rate is fixed at 10.99% p.a. Their Flexible Personal Loan comes with features such as redraw facilities and free additional repayments but with a higher interest rate of 14.49% p.a. Their car loan is secured and comes with a fixed rate of 8.99% p.a. All loans come with an establishment fee between $0 and $0 and monthly fee of $5 to $10.

How do Bankwest Personal Loans compare?

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Name Interest Rate (p.a.) Comp. Rate (p.a.) Application Fee Monthly Fee Monthly Repayment
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Name Interest Rate (p.a.) Comp. Rate (p.a.) Application Fee Monthly Fee Monthly Repayment
Bankwest Secured Car Loan
Bankwest logo
Fixed3 - 7 Years $10,000 - $100,000
Interest Rate (p.a.)
8.99%
Comp. Rate (p.a.)
9.33%
Application Fee
$0
Monthly Fee
$5
Monthly Repayment
View details
You'll receive a fixed rate from 8.99% p.a.
Afford the car of your dreams sooner with a low rate car loan.
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Showing 1 of 1 results
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Name Interest Rate (p.a.) Comp. Rate (p.a.) Application Fee Monthly Fee Monthly Repayment
Harmoney Unsecured Personal Loan
Harmoney logo
Finder award winnerFixed3 - 7 Years $2,000 - $70,000
Interest Rate (p.a.)
5.76%
to 24.03%
Comp. Rate (p.a.)
6.55%
to 24.98%
Application Fee
$275 - $575
Monthly Fee
$0
Monthly Repayment
$926.83
Go to siteMore Info
NAB Personal Loan Unsecured Fixed
NAB logo
Fixed1 - 7 Years $5,000 - $55,000
Interest Rate (p.a.)
8.49%
to 20.49%
Comp. Rate (p.a.)
9.88%
to 21.78%
Application Fee
$250
Monthly Fee
$15
Monthly Repayment
$969.78
Go to siteMore Info
NOW Finance No Fee Unsecured Personal Loan
NOW Finance logo
Finder award winnerFixed18 Months - 7 Years $5,000 - $50,000
Interest Rate (p.a.)
6.75%
to 26.95%
Comp. Rate (p.a.)
6.75%
to 26.95%
Application Fee
$0
Monthly Fee
$0
Monthly Repayment
$922.89
Go to siteMore Info
OurMoneyMarket Unsecured Low-Rate Personal Loan ($5,000-$75,000)
OurMoneyMarket logo
Finder award winnerFixed1 - 7 Years $5,000 - $75,000
Interest Rate (p.a.)
6.57%
to 18.99%
Comp. Rate (p.a.)
7.19%
to 21.78%
Application Fee
1.50% - 6%
min. $250
Monthly Fee
$0
Monthly Repayment
$934.23
Go to siteMore Info
Latitude Variable Rate Personal Loan
Latitude Financial Services logo
Variable2 - 7 Years $5,000 - $70,000
Interest Rate (p.a.)
9.49%
to 29.99%
Comp. Rate (p.a.)
10.37%
to 30.69%
Application Fee
$0
Monthly Fee
$13
Monthly Repayment
$973.85
Go to siteMore Info
Special Finder offer: $395 establishment fee waived for approved personal loan applications submitted through Finder. Latitude may withdraw offer at any time. T&Cs apply.
ANZ Fixed Rate Personal Loan
ANZ logo
Fixed1 - 7 Years $5,000 - $50,000
Interest Rate (p.a.)
7.49%
to 19.99%
Comp. Rate (p.a.)
8.18%
to 20.58%
Application Fee
$150
Monthly Fee
$10
Monthly Repayment
$947.71
More Info
Special Offer: Until 16 January, eligible borrowers of an ANZ personal loan can get $250 cashback and $150 application fee waived. Terms and conditions apply.
ANZ Variable Rate Personal Loan
ANZ logo
Variable1 - 7 Years $5,000 - $50,000
Interest Rate (p.a.)
7.49%
to 19.99%
Comp. Rate (p.a.)
8.18%
to 20.58%
Application Fee
$150
Monthly Fee
$10
Monthly Repayment
$947.71
More Info
Special Offer: Until 16 January, eligible borrowers of an ANZ personal loan can get $250 cashback and $150 application fee waived. Terms and conditions apply.
NAB Personal Loan Unsecured Variable Rate
NAB logo
Variable1 - 7 Years $5,000 - $55,000
Interest Rate (p.a.)
8.49%
to 20.49%
Comp. Rate (p.a.)
9.88%
to 21.78%
Application Fee
$250
Monthly Fee
$15
Monthly Repayment
$969.78
Go to siteMore Info
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Showing 8 of 8 results
  • Unsecured Personal Loan. Borrow between $3,000 and $50,000 for a range of financing needs. You can repay the loan over 3 to 7 years. The funds can be used for debt consolidation, home renovation or even taking a holiday.
  • Flexible Personal Loan. Borrow between $5,000 and $50,000 and enjoy flexible features including unlimited additional repayments and 24/7 access to your funds. You can also redraw your additional payments for no charge.
  • Car Loan. This loan offers comes as a fixed rate option and you can borrow between $10,000 and $100,000, while being able to repay the loan over 3 years to 7 years. You can make weekly, fortnightly or monthly repayments, and additional repayments are allowed, though a fee will apply if you pay off your loan within the first 24 months.

Features of Bankwest personal loans

  • Fixed rate. All three of Bankwest's personal loans are available with fixed interest rates. This offers the security of knowing exactly what your repayments will be.
  • Flexible repayment options. You can choose to make repayments when they suit your budget – weekly, fortnightly or monthly.
  • Loan terms. Terms across the Bankwest personal loan range are between 1 and 7 years.
  • Loan amounts. Depending on the loan you choose, you'll be able to borrow between $3,000 and $100,000.
  • Fees. The Flexible Personal Loan attracts an application fee of $249 and a monthly fee of $10. The application fee for the Unsecured Personal Loan is $0 while the monthly fee is $5. It costs $0 to apply for the Car Loan and there is a monthly fee of $5.
  • Online banking loan repayment. You can make your loan repayments using Bankwest Online Banking (BOB). You can easily make an internal transfer of funds between your own accounts and make additional repayments

What other products does Bankwest offer?

  • Personal. Bankwest offers Everyday Accounts, Savings and Term Deposits, Credit Cards, Home Loans, Personal Loans and Insurance.
  • Small Business. This includes Business Accounts, Business Loans and assistance for those starting a new business.
  • Business. This consists of Business Loans, Business Accounts, Business Deposits, International Trade and Private Banking.

How to apply for a Bankwest personal loan

You're able to apply for any of Bankwest's loans online by clicking "Go to Site". First, make sure you meet the minimum eligibility criteria:

  • Over the age of 18
  • An Australian citizen or permanent Australian resident
  • Have a regular permanent income
  • Don't have an active personal loan application that has already been conditionally approved

If you meet these criteria you can start your online application. You'll need the following information on hand:

  • Your contact information including email and residential address
  • If you're not a Bankwest customer, two forms of ID such as your driver's licence, Medicare card, passport or birth certificate
  • Details of your finances, including your income, expenses and assets

Bankwest offers a range of personal loans with competitive and flexible features for borrowers. In order to determine whether a Bankwest personal loan is right for you, compare loans above.

Compare other products from Bankwest

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    Personal loans offer a range of loan amounts to suit different purposes and budgets. Here's how to get the loan amount you need.

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  • Fixed rate personal loans from 5.76% p.a.

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  • Refinance your personal loan

    If you're sick of paying too much interest, find out how you can save money when you refinance your personal loan. There is a range of options available and you might get out of debt sooner.

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24 Responses

    Default Gravatar
    LisaMay 23, 2017

    Hi,
    I am in need of a small loan 5-7k to purchase a vehicle. I am currently a stay at home mother with government benefits being my only source of income at this time. Prior to the last 2 years (before becoming a mother) my employment history was very strong with constant employment. My credit score is also good with ‘a good’ rating (above 600). Would I have any options in obtaining a loan for a necessity such as a car? I have no other debts/loans/credit cards.
    Regards.

      AvatarFinder
      DeeMay 23, 2017Finder

      Hi Lisa,

      Thanks for your question.

      Just in case, you can check the list of loans for people on Centrelink payments on our website.

      Kindly take time to read the eligibility criteria of the loan product you are interested in before submitting your application.

      Cheers,
      Anndy

    Default Gravatar
    SamanaDecember 5, 2016

    I wish to borrow personal loan to purchase home furniture
    for $7000.00 and what would you like from me.

    Thank you

      AvatarFinder
      MayDecember 5, 2016Finder

      Hi Samana,

      Thanks for your question.

      The general requirements of Bankwest were listed above. Usually, most banks and lenders would need your IDs, financial and employment documents, and good credit history. Just in case you may like to check other lenders who offer $7000 loan and above, please feel free to check our list of low-interest personal loans.

      Hope this helps.

      Cheers,
      May

    Default Gravatar
    BenAugust 22, 2016

    Hey,
    I am looking for a low interest personal loan for $25000 for 7 years to purchase a second hand motor vehicle. I have a constant minimum income of $1720 a month (after tax) with 25 hours per week. Have been employed with the same employer for 18 months, and have $6000 worth of assets, but no savings record… Who do you recommend?

      AvatarFinder
      ElizabethAugust 23, 2016Finder

      Hi Ben,

      I can’t recommend a specific lender to you but you can find a guide on our website about borrowing while you’re employed casually or part-time. Please feel free to read our guide about personal loans for casual employees. It also lists all the criteria you need to meet with each lender to be approved.

      I hope this helps,

      Elizabeth

    Default Gravatar
    MaryAugust 10, 2015

    Hi,
    I am seeking a low interest personal loan to consolidate 4 credit cards to the value of $40000. who do you recommend/?

      AvatarFinder
      ElizabethAugust 10, 2015Finder

      Hi Mary,

      Thanks for your question.

      The best personal loan will depend on your financial situation and needs. You can compare the various options available, as well as learn more about consolidating debt on our guide.

      I hope this has helped.

      Thanks,
      Elizabeth

    Default Gravatar
    DonnaMay 29, 2015

    I’m on center link payments and in need of $6000 for medical reasons can afford $100 a week payments back.
    Thanks

      AvatarFinder
      ElizabethJune 1, 2015Finder

      Hi Donna,

      Thanks for your question.

      Bankwest is able to use certain Centrelink payments as a form of income, but has guidelines around which payments they can and cannot consider. You may want to get in contact with Bankwest to discuss your eligibility before applying.

      I hope this has helped.

      Thanks,

      Elizabeth

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