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Westpac Flexi Loan

Apply online and get a response in 60 seconds^.

Westpac
Flexi Loan

Apply online and get a response in 60 seconds^

Flexi Loan is a reusable Personal Loan with a variable rate. Whether you want to use it for travel, 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
  • Once approved, you can access your funds whenever you want up to the agreed limit, without having to reapply
  • No fees for additional withdrawals, early repayment or early exit
  • Flexible repayment options, provided you meet the minimum monthly repayment1
  • Apply for a credit limit between $4,000 and $75,000.

Updated 27 June 2013

Updated 27 June 2013

Updated 27 June 2013

Westpac
Flexi Loan

Details you need to know.

  • $150 establishment fee, added to your loan
  • $10 monthly service fee applies when there is an outstanding balance1
  • No fees for additional withdrawals, early repayment or early exit.

For full details on fees and charges, visit westpac.com.au

Westpac
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 651132 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 772132 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, you can apply online and get a response in 60 seconds. 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 and get a response in 60 seconds.

Over the phone by calling 132 651132 651 (8am-8pm, 7 days a week) from anywhere in Australia. We may give a response 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 651132 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.

You must draw down on all or part of your loan within 60 days of its approval or your new loan account will be closed.

Discounted variable interest rate for new loans approved by 31/5/15!

13.69% p.a.

Apply online
and get a response
in 60 seconds.

$150 establishment fee
Things you should know

 

Things you should know

Fees, charges and credit criteria apply. Interest rates are subject to change. Read the terms and conditions before making a decision.

Flexi Loan Conditions of Use (PDF 133kb)

You must draw down on all or part of your loan within 60 days of its approval or your new loan account will be closed.

^ Subject to system availability. Approval may take longer if application is referred for further review.

1. To withdraw, your account needs to be in good order. 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.

1. Waived when account has a zero balance and there have been no transactions on the account for that entire month.

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