Flexi Loan

 General Lending Rates

 Product Features

• Other Additional Information: Withdraw funds whenever you need them, without reapplying.

• Other Additional Information: Pay interest only on what you've used ? not your whole credit limit.

• Other Additional Information: Repay what you like each month, over the monthly minimum repayment.

• Other Additional Information: Transfer funds from your Flexi Loan account to a transaction account or pay bills directly using BPAY.

• Other Additional Information: The minimum monthly repayment on your Flexi Loan includes: The monthly loan account fee, 2% of the closing monthly unpaid balance (rounded up to the nearest dollar) or $10 ? whichever is greater, plus The greater of any unpaid past due amounts from previous statements, or any amount that exceeds the credit limit.

• Other Additional Information: Internet and Phone banking : Includes the Security, Stopping or altering payments, Scheduled transactions and payments , Other transactions and payments, Faults and service difficulties

• Extra Repayments Additional Information: The product has EXTRA_REPAYMENTS option available.

• Fraud Protection Additional Information: The product includes FRAUD_PROTECTION features.

• Relationship Management Additional Information: RELATIONSHIP_MANAGEMENT is available for eligible customers.

 Product Eligibility

• Min Age - 18.

• Residency Status - You're An Australian Or New Zealand Citizen Or You Have Permanent Residency In Australia And Hold An Acceptable Visa.

• Other Additional Information: You?re a non-resident or migrant and hold an acceptable visa with a minimum 1 year before expiry

• Other Additional Information: You have a regular, verifiable Australian taxable income

• Other Additional Information: You have a fixed, verifiable residential address in Australia.

 Bank Fees and Charges

• Loan Account Fee (Periodic), Amount: 12.00.

• Lending Establishment Fee (Upfront), Amount: 150.00.

• Prepayment Fee (Exit), Amount: 175.00. Additional Information: Applies if you choose a term greater than 2 years and pay it out in less than 2 years. This fee is waived if you pay out your personal loan by refinancing to another Westpac personal loan

• Missed Payment Fee (Payment), Amount: 15.00.

• Bank Cheque Fee (Event), Amount: 10.00.

• Redraw Fee (Event), Amount: 0.00.

• Overlimit Fee (Event), Amount: 15.00.

 Document Downloads

  flexi-loan-conditions.pdf (306.0 KB)
  acceptables-visas-upl.pdf (490.2 KB)