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

More guides on Finder

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    Are secured personal loans better than unsecured personal loans and how do they work?

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    Find out more about Pepper Money's no fee personal loan and benefit from a competitive rate from 6.95% p.a., zero fees and loan terms of up to 7 years.

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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.

    We’ve written about fixed rate personal loans and what their advantages are.

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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
    SueOctober 8, 2014

    With profit from sale of our House can we buy another house and have $50.000 towards it

      AvatarFinder
      ElizabethOctober 9, 2014Finder

      Hi Sue,

      Thanks for your question.

      If you’re considering the loans on this page from Bankwest, you would be able to take out an unsecured personal loan or flexible personal loan for this purpose.

      Hope this has helped.

      Thanks,

      Elizabeth

      Default Gravatar
      PeterSeptember 12, 2015

      Does Bankwest do credit history checks? Due to my unemployment status, I build up a bad credit rating, and would like to borrow $6000 from Bankwest for consolidation purposes. Is it possible, because I had been put down by previous institutions, and it reflects on my profile.

      AvatarFinder
      ElizabethSeptember 14, 2015Finder

      Hi Peter,

      Thanks for your question.

      Bankwest will do a check on your credit history before approving you for a loan, however, they may still approve you depending on what is on your credit file. You may want to get in contact with them to discuss your situation and your chances of being approved. If you find you are not eligible for one of its loans, you can learn about bad credit debt consolidation. Please make sure to carefully read over the eligibility requirements and terms and conditions and ensure you have organized the necessary documents before beginning the application.

      I hope this has helped.

      Thanks,
      Elizabeth

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