Westpac Personal Loans

Westpac is an Australian bank operating in New Zealand that provides home loans, personal loans, credit cards, accounts, insurance and investments.

Westpac has been operating in New Zealand since 1861. Starting out in Otago, today Westpac has over 1.3 million Kiwi customers and thousands of employees.

What personal loan options does Westpac offer?

Here’s an overview of the loans offered by Westpac:

  • Unsecured personal loans of up to $50,000, from six months to five years
  • Westpac’s special EV Loan rate is 7.99% (for use towards purchasing a new or used electric/hybrid car, e-moped or e-bike
  • Westpac’s standard interest rate for all other personal loans is 13.9% p.a.
  • No establishment fee
  • Change your repayment amount, or pay it off early, with no additional charges or fees in internet banking

How do I apply for a Westpac personal loan?

To apply for a loan, simply visit Westpac’s website to apply online. You can also call on 0800 177 277. Typical pieces of information you may need to include in your application include:

  • Valid proof of identification, such as your passport or drivers licence
  • Proof of income
  • Your typical expenses such as rent/mortgage payments, household costs, insurance, etc
  • Any current outstanding debts

You’ll also need to meet the following requirements:

  • Be at least 18 years old
  • Receiving a regular income
  • Be an NZ citizen, permanent resident or, if you’re a non-resident, have more than one year left on your work visa

Before taking out a personal loan, make sure you read up on what to think about before you apply. To find out how much you could afford to borrow, check out Canstar’s personal loan repayment calculator.

Compare Personal Loans with Canstar


Canstar Research
Award: Outstanding Value Car Loan

Electric Vehicle Loan

Car Loan

View the latest Personal Loan Ratings Report

Written by: Bruce Pitchers | Last updated: December 8, 2023