Westpac Flexi Loan – Unsecured Personal Loan

How does the Westpac Flexi loan work?

You will need to pay an establishment fee of $150 as well as a $12 monthly fee.

How to apply

To be eligible you must meet the following requirements:

• Age and employment. You must be 18 or over to apply for this loan and be gainfully employed with a regular, secure income. You will be asked to prove your age and provide evidence of your income.
• Australian residency. Permanent Australian residents, citizens and holders of an acceptable visa are eligible to apply.

Have the following information handy when filling out the application form:

• Valid driver's licence. You must have a valid Australian driver's licence, passport or birth certificate to verify your identity and resident status.
• Personal details. You will be asked to submit your personal contact information like your email, address and phone number.
• Financial and employment details. The name and address of your employer will be required along with details of your current income, assets and liabilities.

The unsecured Flexi Loan from Westpac offers a competitive variable interest rate and flexible repayment terms to help you get access to the funds you need. However, make sure to compare your available options before deciding on the right loan for you.

Features of this loan

• Redraw funds at any time. You can redraw funds at any time up to a pre-determined limit and have the ability to request a credit limit decrease to a minimum of $4,000.
• Variable rate. The loan has a variable interest rate of 16.99% p.a. Interest is not applied to the credit limit but on the remaining loan balance.
• Repayment terms. Repayment options can be selected depending on your financial capabilities.
• How long the line of credit remains active. The line of credit is available for terms of between 1 to 5 years.
• How much you can borrow. You can apply for any amount between $4,000 and $50,000.
• Fees. There are no fees for early repayment, early exit or additional withdrawals. A one-time $150 establishment fee and a $12 monthly fee are applicable, while other fees may apply.
• Unlimited account access. You can access your account 24/7 via online banking or telephone banking to make repayments or withdrawals.

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1 - 8 of 8
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Harmoney Unsecured Personal Loan Finder award winner Fixed3 - 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	ContinueMore Info Compare
NOW Finance No Fee Unsecured Personal Loan Finder award winner Fixed18 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 Compare
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NAB Personal Loan Unsecured Fixed 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 Compare
OurMoneyMarket Secured Personal Loan ($5,000-$75,000) Fixed1 - 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 Compare
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NAB Personal Loan Unsecured Variable Rate 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 Compare
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