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What would it take to make your plans a reality? A Bankwest personal loan could be it. Whatever your goal – a home renovation, holiday, or wedding – you can reach it sooner when you apply online below. To find the best option, be sure to compare options and calculate repayments first.
Bankwest Personal loan approval time vary; some applications will be approved on the same day. If they require additional information, it anywhere between 2 and 5 business days.
Bankwest Personal Loan Calculator
Product Information
EST Monthly Repayment Advertised Rate Comparison RateSort loans by
- Monthly Repayment - Lowest first
- Monthly Repayment - Highest first
- Advertised Rate - Lowest first
- Advertised Rate - Highest first
Loan Amount
$10,000
Term
3 months
Flexible Personal Loan
EST Monthly Repayment
$335.82 Inclusive of fees
EST Monthly Repayment
10.99%
Advert. Rate (p.a)
Comparison rate
11.81%
Comp. Rate (p.a.)
Whatever it is youre dreaming about, a Bankwest Flexible Personal Loan puts you in control. Pay it off early, make additional repayments and redraw additional repayments youve made all at no extra cost!
Comparison warning
Comparison rate based on an unsecured personal loan of $30,000 over 5 years. WARNING: This comparison rate applies only to the example given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees, early repayment fees, and cost savings such as fee waivers are not included in the comparison rate but may influence the cost of the loan.
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Unsecured Personal Loan
EST Monthly Repayment
$338.84 Inclusive of fees
EST Monthly Repayment
11.99%
Advert. Rate (p.a)
Comparison rate
12.80%
Comp. Rate (p.a.)
Looking to do home improvements, take a well-earned holiday or simply consolidate your outstanding debt? Whatever it is you're dreaming about, make it happen sooner with our low rate Unsecured Personal Loan.
Comparison warning
Comparison rate based on an unsecured personal loan of $30,000 over 5 years. WARNING: This comparison rate applies only to the example given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees, early repayment fees, and cost savings such as fee waivers are not included in the comparison rate but may influence the cost of the loan.
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Flexible Personal Loan
EST Monthly Repayment
$352.73 Inclusive of fees
EST Monthly Repayment
14.49%
Advert. Rate (p.a)
Comparison rate
15.51%
Comp. Rate (p.a.)
Manage your money your way with flexible repayments and a redraw facility. Plus, theres no security required.
Comparison warning
Comparison rate based on an unsecured personal loan of $30,000 over 5 years. WARNING: This comparison rate applies only to the example given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees, early repayment fees, and cost savings such as fee waivers are not included in the comparison rate but may influence the cost of the loan.
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Featured
Unsecured Personal Loan - Exceptional Credit
EST Monthly Repayment
$306.81 Inclusive of fees
EST Monthly Repayment
6.57%
Advert. Rate (p.a)
Comparison rate
6.57%
Comp. Rate (p.a.)
Borrow from $5,000 to $50,000 with a low interest personal loan. Choose a loan term between 3 - 7 years with $0 monthly fees. Get a rate estimate in as little as 60 seconds with no impact on your credit score.
Comparison warning
*Comparison rate is based on an unsecured personal loan of $10,000 repaid over 36 months. Rates shown assume a customer with an average credit history.
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Featured
Low-Rate Personal Loan - Excellent Credit - Zero Fee
EST Monthly Repayment
$306.81 Inclusive of fees
EST Monthly Repayment
6.57%
Advert. Rate (p.a)
Comparison rate
6.57%
Comp. Rate (p.a.)
OurMoneyMarket are a multi-award winning Aussie finance provider offering simple, fixed, low-rate loans from $2,000 to $75,000, plus free extra repayments and free early exits. Apply online to get a quote in minutes and funds as soon as the next day.
Comparison warning
This comparison rate is based on an OurMoneyMarket A+1 unsecured personal loan of $15,000 over 5 years. WARNING: These comparison rates are accurate only for the example provided and may not include all fees and charges. Different loan grades, terms, fees or loan amounts might result in a different comparison rate.
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Featured
NOW Finance Unsecured No Fee Personal Loan
EST Monthly Repayment
$307.63 Inclusive of fees
EST Monthly Repayment
6.75%
Advert. Rate (p.a)
Comparison rate
6.75%
Comp. Rate (p.a.)
Pay ZERO fees on all loans with NOW Finance. That's right - no establishment fee, no monthly fees, no early payout fee on all loans between $8,000-$50,000. What's more, get your guaranteed, tailored interest rate in two minutes without impacting your credit score. Comparison rate can vary from 6.75% to 26.95% p.a.*
Comparison warning
DISCLAIMER NOW Finance is a trademark of Now Finance Group Pty Ltd ACN 158 703 612 Australian Credit Licence number 425142, as agent for NF Finco 2 Pty Ltd ACN 164 213 030. THINGS YOU SHOULD KNOW Applications for finance are subject to NOW Finance’s lending and approval criteria. Terms and conditions may apply. No fees only apply to new NOW Finance personal loans. If you do not comply with the terms of your loan, we may pass on to you any third party enforcement or recovery costs incurred by us. Loan repayment terms range between 18 months to 7 years. For unsecured personal loans you can borrow between $5,000 to $50,000 with interest rates ranging from 6.75% p.a. (6.75% p.a. comparison rate*) to 26.95% p.a. (26.95% p.a. comparison rate*). For secured personal loans you can borrow between $15,000 to $100,000 with interest rates ranging from 6.75% p.a. (6.75% p.a. comparison rate*) to 21.65% p.a. (21.65% p.a. comparison rate*). *ABOUT COMPARISON RATES The Comparison Rate is designed to help you understand the overall cost of the personal loan by taking into account fees and charges, the loan amount and the term of the loan. The comparison rates for the NOW Finance loans are based on a loan of $30,000 over 5 years. WARNING: The comparison rates given are true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. NOW Finance does not charge any fees so the Comparison Rate will always equal the interest rate quoted. Representative example: For a borrower with excellent credit, an unsecured personal loan of $30,000 borrowed for 5 years with the interest rate of 6.75% p.a. (6.75% p.a. comparison rate), would estimate to a minimum total amount payable of $35,430 via the fortnightly payment option. Rates are subject to change. NOW Finance does not charge any additional fees for its personal loans, included but not limited to ‘Upfront Fees’, ‘Break Cost Fees’ or ‘Late Fees’. ABOUT PERSONALISED QUOTES Your personalised quote will provide you with an estimate of your interest rate and repayments. The final interest rate you are offered may differ once you have completed a loan application and told us about your personal financial circ*mstances and credit history.
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Featured
Unsecured Personal Loan - Excellent Credit
EST Monthly Repayment
$309.87 Inclusive of fees
EST Monthly Repayment
7.24%
Advert. Rate (p.a)
Comparison rate
7.24%
Comp. Rate (p.a.)
Loans for free thinkers. Starting out or starting over? Get fast access to the funds you need.
Comparison warning
Comparison rates for all the above products are based on a loan of $30,000 over 5 years. WARNING: The comparison rates are true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
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Featured
Unsecured Personal Loan - Excellent Credit
EST Monthly Repayment
$320.56 Inclusive of fees
EST Monthly Repayment
5.76%
Advert. Rate (p.a)
Comparison rate
6.65%
Comp. Rate (p.a.)
Get what you want, without breaking the bank. Fast, easy & 100% online. Borrow up to $70,000 unsecured. No hidden fees or early repayment penalties. Harmoney's unsecured interest rates range from 5.76% p.a. to 24.03% p.a.
Comparison warning
Comparison rate(s) based on $30,000 unsecured loan, fixed over 5 years, with monthly repayments. WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.
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BestFind.com.au provides factual information in relation to financial products. While BestFind.com.au attempts to make a wide range of products and providers available, it may not cover all the options available to you. Moreover, we cannot be responsible for changes made to this information by product providers and/or inaccurate information obtained from a product provider. All product information comes from the product provider or publicly available information and to the best of our knowledge is correct at time of publishing. The information published on BestFind.com.au is general in nature only and does not consider your personal objectives, financial situation or particular needs and is not recommending any particular product to you. If you decide to apply for a product you will be dealing directly with that provider and not with BestFind.com.au. BestFind.com.au recommends that you read the relevant PDS or offer documentation before taking up any financial product offer. For more information please see BestFind.com.au's Terms of Use and Services Guide.
Minimum and maximum loan periods vary between 6 months and 10 years. Comparison interest rates vary between 6.55% and 20.89% p.a. Total interest repayments vary between $1,387 and $4,165 over the life of the loan. *Comparison rate is based on an unsecured loan of $10,000 for a term of 3 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. These rates can change without further notice. All rates quoted are per annum. For more information regarding fees click on "View fees & additional info +" for each product or contact the provider.
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What type of loan are you looking for?
Bankwest personal loans – Get the things you want sooner
The Bank of Western Australia – which trades under the name Bankwest – is a division of the Commonwealth Bank Group, aka one of the big four. Bankwest was established in 1895 by the WA Government as the Agricultural Bank of Western Australia.
Since then, Bankwest has come a long way, from servicing the needs of state farmers to providing credit cards, home loans, and personal loans, plus more to many Aussies.
In this guide, we take a closer look at one of its most versatile products. If you want to finance your home renovation, holiday, wedding, or other big things, here’s everything important to know about Bankwest personal loans.
Types of loans offered by Bankwest
At the time of writing, Bankwest offers the following loan options:
- Unsecured personal loan. This product doesn’t require an underlying asset to guarantee the debt. Therefore, it’s best for opportunities and needs that require a simple application process and quick funding. The loan is great for buying a car, debt consolidation, or a holiday, for instance. You can access at least $3,000 up to $50,000.
- Secured car loan. This personal loan uses your asset to back up the borrowed funds. Suitable assets include cars and motorcycles that are either less than 7 years old or have a minimum value of $10,000. This allows you to borrow at least $10,000 up to a maximum of $100,000 (120% of your security’s value). You can use the funds to buy a car, consolidate debt, or renovate your home.
If you’re looking to finance your car purchase via Bankwest, get the info you need in our Bankwest car loan guide.
A closer look at Bankwest personal loan features
- Fixed rate. You’ll have peace of mind and a simpler budget from repayments that never change as long as you’re paying off your debt.
- Loan terms. Repayment periods range from 3-7 years.
- Repayment frequency. You have the flexibility to choose weekly, fortnightly or monthly repayments. Give our Bankwest personal loan calculator a go if you want to estimate your monthly repayments.
- Extra repayments. To clear your debt quickly, simply pay more than the minimum required whenever you please.
- Redraw facility. An online redraw facility is available via the Bankwest app when you need your extra repayments back.
Interest rates, fees, and charges
The Bankwest personal loan rate for secured credit is set lower at 7.99% vs the 10.99% you get when you opt for unsecured credit. The following list of fees and charges apply to both types of products:
- Application fees – waived at the time of writing, but this is subject to change
- Monthly fees – $5
- Early repayment fees – $250 (only if you close the loan in the first 24 months).
- Late payment fee – $25
Pros
- Plenty of repayment flexibility. You get to choose your preferred repayment frequency and terms of up to 7 years. You can also make extra repayments and withdraw them when you need to.
- Joint borrowing. Bankwest says borrowers with joint loans can boost their chances of approval when they apply with the same person.
- You have the option to borrow more. With secured credit, it’s possible to borrow up to $100,000, an amount that can cover many big projects or purchases.
Cons
- Early repayment fees. Although you can make unlimited extra repayments, exiting your contract within the first 2 years incurs a fee.
- Loan amounts start from $3,000. If you’re looking for a small personal loan of less than this amount, you’ll have to look elsewhere.
- Rates are not as competitive. You’ll likely find other lenders who offer cheaper rates.
Eligibility and what you need
Bankwest personal loan requirements include the following:
- Be at least 18 years of age
- Be a permanent Australian resident
- Have a regular income of over $20,000 a year
- Provide at least two forms of identification: an Australian driver’s licence, Medicare card, passport, or birth certificate.
- Provide details and info about your employment, income, expenses, assets, credit cards, and other debts.
Bankwest video
Applying for a personal loan from Bankwest
To apply for a Bankwest personal loan online, scroll up and click “Go to Site.” Typically the application process takes 10 minutes or less. Fill in the form with your personal, financial, and loan details, and then submit it. According to Bankwest, you’ll get an instant online response.
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