Personal loans terms and conditions:
Your personal loan contract is made up of the Personal Loan Schedule and the Personal Loan terms and conditions booklet (PDF).
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Compare personal loans
| Types of personal loans | Secured Car Loan
|
Unsecured Personal Loan
|
|---|---|---|
| Select to compare | ||
| Rates and fees | ||
| Interest rates |
7.99% p.a. 8.34% p.a. |
10.99% p.a. 11.32% p.a. |
| Monthly maintenance fees | $5 |
$5 |
| Early repayment fees 2 For our Secured Car Loan and Unsecured Personal Loan, an early repayment fee applies if you close the loan within the first two years. Close | $250 - first 24 months | $250 - first 24 months |
| Late payment fee | $25 | $25 |
| Features | ||
| Repayment frequencies | Weekly, fortnightly or monthly | Weekly, fortnightly or monthly |
| Minimum loan amount | $10,000 | $3,000 |
| Maximum loan amount | $100,000 | $50,000 |
| Loan terms | 3 to 7 years | 3 to 7 years |
| Surplus payment redraw option | Yes |
Yes |
|
Apply as existing Bankwest customer |
Apply as existing Bankwest customer |
|
| Secured Car Loan Use your car as security to borrow at a great fixed rate. 1 Cars and motorcycles used as security must be valued at least $10,000 or be less than seven years old. Close |
7.99% p.a. 8.34% p.a. |
$5 | $250 - first 24 months | $25 | Weekly, fortnightly or monthly | $10,000 | $100,000 | 3 to 7 years | Yes |
|---|---|---|---|---|---|---|---|---|---|
| Unsecured Personal Loan Borrow at a competitive fixed rate with no security needed. |
10.99% p.a. 11.32% p.a. |
$5 |
$250 - first 24 months | $25 | Weekly, fortnightly or monthly | $3,000 | $50,000 | 3 to 7 years |
Yes |
Rates are subject to change. Other fees and charges might apply. A full list of fees will be included in your personal loan contract.
What’s the comparison rate?
It’s a tool that can help you identify the truer cost of a loan. It’s calculated using a standard formula that includes the interest rate, as well as certain fees and charges relating to a loan (not all fees and charges are included).
Comparison rate warning:
Comparison rates for secured and unsecured personal loans are based on a loan amount of $30,000 for a term of 5 years. WARNING: The 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.
Representative example of total loan cost: For a Secured Car Loan of $30,000 borrowed over a 5-year term at 7.99% p.a. (8.34% p.a. comparison rate) the total amount payable is $36,788.90 including interest and fees. For an Unsecured Personal Loan of $30,000 borrowed over a 5-year term at 10.99% p.a. (11.32% p.a. comparison rate) the total amount payable is $39,427.39 including interest and fees. These examples are estimates only and assume all repayments are made on time.
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