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Did you know you can compare 100’s of personal loans? Browse, filter and save on our main personal loans comparison page.
Compare and review Bankwest personal loan rates
Bankwest personal loan fees
- $195 to $249 Establishment fee.
- $8 to $10 Monthly administration fee.
- $0 Redraw fee.
- $0 up to $250 Early repayment fee.
Bankwest personal loan purposes
You can borrow for almost any worthwhile purpose, and no, going to the casino and putting it all on black is not a worthwhile purpose.
Examples of common loan purposes Bankwest will lend for:
Bankwest personal loan approval time
If you’re an existing Bankwest member you may have applications approved and funded on the same day. For more complex applications approval times vary between 2 and 5 working days.
Do you have an Bankwest personal loans calculator?
Yes. View the Bankwest Personal Loans calculator.
Bankwest personal loan application
If you’d like to apply online for an Bankwest personal loan, visit Bankwest’s website by clicking here.
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 personal loan requirements
- Minimum age of 18
- Earn a regular income
- An Australian citizen or permanent resident
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
- 2 forms of ID. Driver’s licence (if you have one) or other forms of ID, and a medicare card or passport (for new customers)
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 assessing 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!
Bankwest personal loan application status
If you have already applied for an Bankwest personal loan, you can check your application status by calling 13 17 19, 24/7.
Additional product information
Bankwest minimum and maximum personal loan amounts
You can borrow between $5,000 and $50,000.
Bankwest personal loan terms
Terms vary between 1 year and 7 years.
Bankwest repayment schedule
Bankwest allow weekly, fortnightly or monthly repayment.
Bankwest personal loan redraw facility
Bankwest’s Flexible Personal Loan gives you the option to redraw additional payments you may have made.
Bank less with Bankwest.
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