Flexible Personal Loan

Manage your money your way with flexible repayments and a redraw facility. Plus, there’s no security required.


Pay your loan off early

You can make extra payments and there’s no early repayment fee.

Access surplus funds 24/7

Redraw online and on the go with the Bankwest App.

Repayment options to suit you

Choose the loan term - from one to seven years - and repayment frequency.

Is it right for you?

Our Flexible Personal Loan is great for taking a holiday, planning a wedding, consolidating your debt or renovating your home. Borrow from $5,000 to $50,000.


Rates and fees

Name Rate
Fixed interest rate 14.49% p.a.
Comparison rate 15.51% p.a.
Understand the comparison rate
Name Fees
Application fee $249
Monthly loan maintenance fee $10
Early repayment fee
Not applicable
Rates are subject to change. Other fees and charges may 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 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.

Representative example of total loan cost: For $30,000 borrowed over a 5-year term at 14.49% p.a. (15.51% p.a. comparison rate) the total amount payable is $43,190.40 including interest and fees. This example is an estimate only and assumes all repayments are made on time.

View our Flexible Personal Loan terms and conditions

Flexible Personal Loan terms and conditions:

Your personal loan contract is made up of the Personal Loan Schedule and the Personal Loan Terms and Conditions booklet (PDF).

Get an idea of your repayments 

Apply today

Here are your next steps...

Check your eligibility

  • People aged 18 years and over
  • Permanent Australian residents
  • Regular income of over $20,000 a year.

Note: Applications are subject to credit approval.


Things you need for your application

  • Photo identification, such as an Australian driver's licence or passport. Or see a handy list of other ID documents we’ll accept
  • Employment details, including length of employment and employer contact numbers
  • Info about your income, expenses, assets, credit cards and other loans.

Find out more about what you may need to provide.

Already started? Resume your application.

Looking for something else? 

After a lower rate than the Flexible Personal Loan? Our other fixed rate loans are great for debt consolidation, buying a car, home improvements or paying for events.

Need help choosing a personal loan?

Speak with someone from the team today.