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Personal Loan Calculator.
A Westpac personal loan can let you borrow money to help you pay for the things you need or want, which could be almost anything. Get an idea of how much you can borrow, what your repayments could be and how long it could take to pay off your loan.
Calculate.
This calculator is a guide only, it does not take into account your personal financial situation.
The current interest rate for all Westpac personal loans is 13.90% p.a.¹.
Applying for a personal loan
You can apply to borrow up to $50,000 unsecured – or maybe more, depending on your circumstances. Our standard loan terms run from 6 months to 5 years, but if this is not suitable, talk to one of our lending specialists on 0800 177 277 to see if we can help.
What is a personal loan?
A Westpac personal loan can let you borrow money to help you pay for the things you need or want, which is almost anything.
With a personal loan you’ll be charged interest on the amount you borrow over the term of your loan. More information can be found here.
If you want to pay your personal loan off sooner, you can. There are no early payment fees, so you can make repayments above the minimum required, to help you pay your loan off faster and save money on interest.
How it works.
Here’s an example: If you borrow $10,000 over 3 years at 13.90% p.a.¹; with a monthly repayment of $345, the total amount you’d need to repay would be $12,409.
Things you should know.
¹Interest rate is subject to change. If you do not pay amounts when they are due and this causes your loan account to exceed your limit, the rate of interest that applies to that overlimit amount will be the interest rate + 5% p.a.
This calculator is provided as a guide only. It does not take into account your personal financial situation or goals. You should make your own judgements, and seek independent legal and financial advice before committing to any loan agreements. The calculated figures are for illustrative purposes only and are based on the accuracy of the information entered. It does not constitute a quotation or offer of finance by Westpac.
Westpac’s eligibility criteria, lending criteria, terms and conditions apply. You’ll need to be 18 or older and a New Zealand citizen or permanent resident with a Westpac transaction account. If you’re not a New Zealand citizen or permanent resident but you’re working in New Zealand, or you don’t meet the other criteria, we still may be able to help.
The Westpac personal loan interest rate (also known as the annual interest rate) is a combination of a personal loan rate/personal lending rate/personal loan base rate and a margin. The Westpac standard personal loan interest rate of 13.90% p.a. is currently based on a personal loan rate/personal lending rate/personal loan base rate of 14.00% p.a. less a margin of 0.10% p.a. Westpac may change the personal loan rate/personal lending rate/personal loan base rate , or replace it with a new personal loan rate/personal lending rate/personal loan base rate and/or change the margin from time to time.
Documents and fees.
Personal loan Terms and Conditions sample for or customers whose terms and conditions are dated 12 September 2024 and now
Personal loan Terms and Conditions sample for customers whose terms and conditions are dated 27 April 2023 and 11 September 2024
Personal loan Terms and Conditions sample for customers whose terms and conditions are dated 15 September 2022 and 26 April 2023
Personal Loan Terms and Conditions sample for customers whose terms and conditions are dated between 26 May 2022 and 14 September 2022
Personal Loan Terms and Conditions sample for customers whose terms and conditions are dated between 6 June 2015 to 25 May 2022
Personal Loan Summary sample for customers whose agreement is dated between 12 September 2024 and now
Personal Loan Summary sample for customers whose agreement is dated between 15 September 2022 and 11 September 2024
Personal Loan Summary sample for customers whose agreement is dated between 26 May 2022 and 14 September 2022
Personal Loan Summary sample for customers whose summary is dated between 19 October 2016 and 25 May 2022
Personal Loan Summary sample sample for customers whose summary is dated between 6 June 2015 and 18 October 2016