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Flexible Personal Loan

Customise your loan summary by entering your details:

I want to borrow

Loan Term

years

Repayment Frequency

Pros:
  • No early exit penalty
  • Can apply online
  • Can apply in branch
  • Available for 457 visa holders
  • Suitable for both new or used car
Cons:
  • Monthly fee charged
  • Application fee charged

Details & Fees-0

New Car
New Car
Used Car
Used Car
Motorcycle
Motorcycle
Boat
Boat
Student Loan
Student Loan
Debt Consolidation
Debt Consolidation
Renovation
Renovation
Shares
Shares
Holidays
Holidays
Medical Bill
Medical Bill
Wedding
Wedding
Upfront Fee
Upfront Fee
$249
Ongoing Fee
Ongoing Fee
$10 monthly
Early Exit Penalty Fee
Early Exit Penalty Fee
$0
Missed Payment Penalty
Missed Payment Penalty
$25
Redraw Activation Fee
Redraw Activation Fee
$0
Repayment Type
Repayment Type
Fixed
Loan Type
Loan Type
Unsecured
Secured by vehicle
Secured by vehicle
Secured by property
Secured by property
Security by bank deposits
Security by bank deposits
Available to 457 Visa Holders
Available to 457 Visa Holders
Redraw Facility
Redraw Facility
Extra Repayments
Extra Repayments
Line of Credit
Line of Credit
New Car
New Car
Used Car
Used Car
Motorcycle
Motorcycle
Boat
Boat
Student Loan
Student Loan
Debt Consolidation
Debt Consolidation
Renovation
Renovation
Shares
Shares
Holidays
Holidays
Medical Bill
Medical Bill
Wedding
Wedding
Upfront Fee
Upfront Fee
$249
Ongoing Fee
Ongoing Fee
$10 monthly
Early Exit Penalty Fee
Early Exit Penalty Fee
$0
Missed Payment Penalty
Missed Payment Penalty
$25
Redraw Activation Fee
Redraw Activation Fee
$0
Repayment Type
Repayment Type
Fixed
Loan Type
Loan Type
Unsecured
Secured by vehicle
Secured by vehicle
Secured by property
Secured by property
Security by bank deposits
Security by bank deposits
Available to 457 Visa Holders
Available to 457 Visa Holders
Redraw Facility
Redraw Facility
Extra Repayments
Extra Repayments
Line of Credit
Line of Credit

About Bankwest

Bankwest is an Australian bank based in Perth, Western Australia.  They offer unsecured personal loans at different interest rates depending on the level of flexibility the loan provides. To find out how much a Bankwest personal loan would cost you can use a personal loan calculator. These personal loans are available to cover costs for anything from renovations to weddings and medical bills.

Bankwest offers a personal loan with a lower rate but not many features and another personal loan with a higher rate but more flexibility. Bankwest has a number of branches but for customers who would prefer they can contact the bank by phone or online. This includes an online chat service and a 24/7 phone banking service.

Features of a Bankwest personal loan

Both Bankwest personal loans have some features in common but are quite different when it comes to paying out the loan early. The Unsecured Bankwest personal loan has a lower interest rate but you will be charged a penalty if you pay out the loan in full before 24 months. There is also no redraw facility available on this loan. If you prefer flexibility, you can opt for the Flexible Bankwest personal loan that allows penalty free early payouts and has a redraw facility. Both loans have a minimum loan amount of $5000 and a maximum amount of $50,000.

Bankwest personal loans charge an above average application fee and ongoing monthly fees during the life of the loan. There is a small fee charged for missing payments. The personal loans permit repayments on a weekly, fortnightly or monthly basis as the borrower prefers. There is also flexibility to the loan term with a maximum of seven years across both loans.

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