Westpac Flexi Loan.

Apply online and get a response in 60 seconds.

Flexi Loan.

Apply online and get a response in 60 seconds.

The Flexi Loan is a reusable personal loan with a variable rate. Whether you want to use it for travels, renovations, a wedding or a new car, you will only need to pay interest on the funds that you have used, not the whole amount of your loan.

  • Same day funds for existing customers, if approved.
  • Flexible repayment options.1 2
  • Apply for a credit limit between $4,000 and $75,000.
  • No fees for additional withdrawals, early repayment or early exit.
  • $150 establishment fee and $10 monthly service fee applies.3

Updated 27 June 2013

Updated 27 June 2013

Updated 27 June 2013

If you're looking to buy a car, consider a Westpac Car loan. When your car is used as security, you could get a better interest rate.

Flexi Loan.

Details you need to know.

Prepayment/exit fee NIL
Missed payment fee $9.00
Redraw fee NIL
Cheque dishonour fee $9.00
Declined direct debit fee $2.50
eStatements NIL
Duplicate statement fee $7.50
Information fee $9.00
Bank cheque fee $10.00
Over limit fee $9.00

$150 establishment fee

$10 monthly service fee applies, but waived when account has zero balance and if there were no transactions for that month.

Flexi Loan.

Am I eligible?

To be eligible to apply for this Westpac Flexi Loan, you must:

  • Be a permanent resident or citizen of Australia, a single borrower, aged 18 years or over, with a regular permanent income.

If you're unsure whether you meet the above criteria, you can call our Personal Lending Centre on 132 651 to discuss.

What information do I need?

When completing the application, you will need to provide:

  • Your current Australian driver's licence details (if you have one).
  • Details of your current financial situation.
  • Current employer details, or your accountant's details, including details of your assets and liabilities, if self-employed.
  • Your contact details including email address.

Please note: This loan must be mainly for personal use. To find out more about business loans, call Business Direct on 132 772. We may use the contact information that you give us to contact you to help you complete your application.

How long will it take?

Provided you've got all your information ready to go, your application should only take about 10-15 minutes. If you don't have all the information you need, you can save your partially completed application and return to it anytime within 30 days. Just click the save/exit button.

How can I apply?

Online - apply online it usually takes less than 10 minutes.

Over the phone by calling 1300 720 697 (8am-8pm, 7 days a week) from anywhere in Australia. We may give conditional approval and a final decision as soon as we receive all required information.

What happens next?

If you're approved, then your contract will be presented on screen for you to read and accept. We may require additional information and/or supporting documents to assess your application.
Same day access. As soon as you accept your contract your Flexi Loan Account will be set up and you can access your funds through Online and Telephone Banking (if you're registered) and at any Westpac branch (during branch opening hours).
You can easily check the status of your application by calling 132 651 (8am-8pm, 7 days a week) from anywhere in Australia.

What else should I know?

For security purposes, if your application is successful we may need to verify your identity. We may also need supporting documentation such as proof of your income, employment and/or some liabilities.

Variable interest rate

13.69% p.a.

Apply online
and get a response
in 60 seconds.

$150 establishment fee
Related documents


Related documents

Flexi Loan Conditions of Use (PDF 133kb)

Westpac Flexi Loan brochure (PDF 195kb)

Things you should know: Fees, charges and credit criteria apply. Read the terms and conditions before making a decision.

  1. To withdraw, your account needs to be in good order. Withdrawals may need authorisation.
  2. Minimum monthly repayment is equal to 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 your Westpac Flexi Loan credit limit.
  3. Repayment goals can be one, two, three, four or five years.
  4. Waived when account has a zero balance and there have been no transactions on the account for that entire month.
*Flexi Loan calculator assumptions
  • This is an estimate only. It is provided for illustrative purposes only and is based on the accuracy of information provided. It does not constitute a quote or loan offer.
  • The estimated repayment figure is based on the advertised variable interest rate and includes the current $10 monthly service fee and $150 establishment fee. Repayment figure does not include any other fees and charges which may be payable. Visit the fees tab for more information about fees and charges.

© 2015 Westpac Banking Corporation ABN 33 007 457 141 AFSL and Australian credit licence 233714.