Loan repayment insurance

Personal loan insurance could help you pay your loan if you lose your income.

Apply online for a personal loan now

Apply for a personal loan


	Ways to apply for a personal loan
	>	apply online
	>	download application form (PDF 73Kb)
	>	visit your nearest Westpac branch
	>	phone 0800 177 277 (Monday to Friday, 8am to 8.30pm; Saturday 9am to 3pm)

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Personal loan info


		Get more info on
		>	interest rates
		>	personal loan calculator
		>	about personal loans
		>	information needed for a loan application

Contact us


		Contact us to find out more
		>	email us
		>	Westpac branches
		>	phone 0800 177 277(Monday to Friday 8am to 8:30pm, Saturday 9am to 3pm)

Personal loan insurance

Personal loan cover could help pay your Westpac personal loan if you lose your income through involuntary redundancy, or if you can't work because you're completely disabled by sickness or injury.

If you die, personal loan cover could repay some, or all of, your loan.

For your Westpac personal loan, your personal loan cover could pay

a lump sum of up to $50,000 if you die

repayments of up to $1200 a month for any period of disability due to injury or sickness

repayments of up to $1200 a month for up to four months, if you are unemployed as a result of involuntary redundancy or bankrutcy.

Getting personal loan cover

You can apply for personal loan cover at the same time you apply for your personal loan.

There are no medical forms to fill in to get personal loan cover, but some things, such as existing illnesses, are not covered.

You could get personal loan cover automatically if

you are between the ages of 18 and 59 years when you apply

your loan will end by the time you turn 61 years old

Terms and conditions

Terms, conditions, limits and exclusions apply to personal loan cover.

The policy document explaining these will be sent to you if your online personal loan application is approved.

The premium is added to your loan as a one-off amount.

30 Day Free Look

If you take out Westpac Loan Cover and then decide it's not for you, just write to us within 30 days from the day the cover starts and we'll cancel the cover, and refund any premiums you've paid.

Westpac Loan Cover is underwritten by Westpac Life-NZ-Limited, a wholly owned subsidiary of Westpac Financial Services Group-NZ-Limited. Westpac Financial Services Group-NZ-Limited is a wholly owned subsidiary of Westpac Banking Corporation ABN 33 007 457 141, incorporated in Australia. Neither Westpac Banking Corporation, Westpac New Zealand Limited (“Westpac”), nor any member of the Westpac Group guarantees the obligations of, or any products issued by Westpac Life-NZ-Limited. Westpac will always meet its obligations to you under the Consumer Guarantees Act 1993. Westpac Life-NZ-Limited complies with the practice standards of the Investment Savings & Insurance Association of NZ Inc. and a copy of its latest financial statements is available from Westpac House, 318 Lambton Quay, Wellington. You have the right to receive a ‘replacement of business’ advice when changing from one policy to another. Westpac employs salaried employees whose remuneration is influenced in the long term by the arrangement of Westpac Life-NZ-Limited insurance policies. Westpac will receive commission payments as a result of the arrangement of Westpac Life-NZ-Limited insurance policies.

The information on this page is presented subject to our legal page and any other terms and conditions that Westpac may impose from time to time. It is subject to change without notification.