Bankwest Personal Loan Rates & Fees, Review & Compare - Best Find

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Bankwest Personal Loans

Unsecured Personal Loan

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.

Overview

Minimum loan amount$5,000

Maximum loan amount$50,000

Minimum term (years)3 Years

Maximum term (years)7 Years

Advertised rate11.99%

Comparison rate12.80%

Monthly repayments (approx)$338

Total repayments (approx)$12,198

Total interest repayments (approx)$2,198

Rate typeFixed

Secured or unsecuredUnsecured

Security required No

Encumberance/REVVS check fee$0

Application / establishment fee$195

Other Fees & Information

Monthly fee$8

Quaterly fee$0

Annual fee$0

Other fees$0

Redraw facilityNo

Repayment scheduleWeekly, Fortnightly, Monthly

Early repayments allowedYes

Early repayments fee$250

Missed payment fee$0

For debt consolidation?Yes

Sponsored No

Telephone13 17 19

Data accurate as of4/04/2017

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.

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Flexible Personal Loan

Whatever it is you’re dreaming about, a Bankwest Flexible Personal Loan puts you in control. Pay it off early, make additional repayments and redraw additional repayments you’ve made all at no extra cost!

Overview

Minimum loan amount$5,000

Maximum loan amount$50,000

Minimum term (years)1 Year

Maximum term (years)7 Years

Advertised rate14.49%

Comparison rate15.50%

Monthly repayments (approx)$353

Total repayments (approx)$12,710

Total interest repayments (approx)$2,710

Rate typeFixed

Secured or unsecuredUnsecured

Security required No

Encumberance/REVVS check fee$0

Application / establishment fee$249

Other Fees & Information

Monthly fee$10

Quaterly fee$0

Annual fee$0

Other fees$0

Redraw facilityYes

Repayment scheduleWeekly, Fortnightly, Monthly

Early repayments allowedYes

Early repayments fee$0

Missed payment fee$0

For debt consolidation?Yes

Sponsored No

Telephone13 17 19

Data accurate as of4/04/2017

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.

Hide info ˄

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Did you know you can compare 100’s of personal loans? Browse, filter and on our main personal loans comparison page.

Compare and review Bankwest personal loan rates

Looking to make major purchase, go on a holiday or perhaps to consolidate your existing debts into one simple regular repayment? When comparing Bankwest personal loans, there are other important things to consider and understand, other than just Bankwest’s interest rates.

What personal loan options does Bankwest offer?

Bankwest has 2 personal loan products:

  • Bankwest Unsecured Personal Loan
  • Bankwest Flexible Personal Loan

 

View the above table for detailed product information and a comparison of the interest rates, fees and features.

You can also review and compare Bankwest car loans, Bankwest home loan and Bankwest credit cards.

Do you have a Bankwest personal loans calculator?

Yes. Use the filter to adjust your loan amount and term to calculate your approximate monthly repayments. When you apply the filter, you will see a breakdown of your approximate monthly repayments as well as the total amount of interest and fees paid.

How to apply for a Bankwest Personal Loan?

If you’d like to apply online for a Bankwest personal loan, just scroll up and click on “Learn more” to be taken to Bankwest’s secure online application form. Before you apply, be sure to learn about Bankwest’s personal products, fees and eligibility criteria. Give yourself around 30 minutes to complete the application.

Bankwest’s personal loan eligibility criteria

Before you apply for a personal loan, be sure to understand and meet the Bankwest’s lending criteria. Below is high-level overview of Bankwest’s criteria:

Bankwest’s minimum requirements for a personal loan

  • Minimum age of 18
  • Earn a minimum of $15,000 per annum
  • An Australian citizen, permanent resident or have a valid visa

Information you’ll need to provide

Whether at the Bankwest branch or online, make sure to have the following nearby:

  • Proof of income. A verifiable and steady employment. You may be required to provide copies of your most recent pay slips and employer’s contact information
  • A list of your assets, expenses and liabilities
  • Driver’s licence (if you have one) or other forms of ID

Are you self-employed?

If you’re self-employed, you will also need to provide:

  • Financial statements for the last year
  • Your most recent personal/business tax return

Other things to keeping mind when applying with Bankwest

  • It’s advantageous to have a good credit history. For example, you have no recent defaults and no frequent requests for credit
  • Credit cards with large credit limits are seen as liabilities, even if there’s nothing owing. If you have existing liabilities, be certain you can pay them off in addition to your Bankwest personal loan

There are many additional factors Bankwest consider when accessing your application, but the above are the most important. If you feel like you may not meet their eligibility criteria, it may be best to save!

What can you use a Bankwest personal loan for?

You can borrow for almost any worthwhile purpose. No, going to the casino and putting it all on black is not a worthwhile purpose.

Examples of common loan purpose Bankwest will lend for:

 

Additional product information

Bankwest’s minimum and maximum personal loan amounts and terms

You can borrow between $5,000 and $50,000. Over terms between 3 year and 7 years. Use our filter as a repayment calculator to see your monthly repayments and rates.

Bankwest’s repayment schedule

Bankwest allow weekly, fortnightly or monthly repayment.

Extra repayment or early penalties

Bankwest allows you to make additional or early repayments. There are fees associated with completely repaying your loan off early.

Redraw facility

Bankwest’s Variable Rate Personal Loan gives you the option of being able to make redraws.