Rating based on 19 reviews


  • Debt consolidation up to $50,000
  • Low-interest starting from 12.99%
  • Repayment up to 7 years

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Westpac homepage
Author Westpac. Screenshot of Westpac website.
[Accessed March 16, 2023]

About Westpac

Looking for a loan to simplify your life by consolidating your debt in a hassle-free manner? Westpac might just have the right option for your financial freedom.

Established in 1817 as the bank of New South Wales and then changed its name in October 1982 to Westpac Banking Corporation following the purchase of the Commercial Bank of Australia. The first employee to ever work at Westpac was Joseph Hyde Potts who worked as a porter and servant.

After a few setbacks including the theft of half of the subscribed capital by the chief cashier and surviving the depression, between the 1800s and 1900s, Westpac began well in the 2000s as a main sponsor of the very successful Sydney 2000 Olympic Games.

In 2002, Westpac began broadening the horizon and expanding their wealth management business by purchasing Rothschild Australia Asset Management, parts of BT Financial group, and 51% of Hastings Funds Management Limited, ultimately owning 100% of Hastings in 2005.

Helping people succeed 

With all the fantastic initiatives that Westpac is a part of, choosing them to ease your financial difficulty and knowing that you contribute to every cause they support, is actually a no-brainer. From job creation to a scholarship trust, providing a better future for disadvantaged Australian children, and supporting local charities, the feel-good factors are endless.

Westpac Services

Struggling to keep head above water? Not quite finding the answer you are looking for? Westpac has many options to simplify your decision.

With the option of an unsecured debt consolidation loan or a flexi debt consolidation loan, your financial freedom might be closer than you think. With the unsecured debt consolidation loan comes a fixed interest rate which assures you of a set repayment amount throughout the entire lifetime of your loan. You can also make extra payments to pay your loan off faster.

With the flexi debt consolidation loan, you will have access to funds anytime, without reapplying. You are only charged interest on the funds you use with no extra fees for early repayment, exit, or withdrawal. Applying for a flexible debt consolidation loan between $4000 and $50 000 has never been so easy.

Planning ahead is the first step

Westpac offers a list of calculators and tools so you can calculate everything from interest rates to borrowing power. These include the following:

  • Borrowing Power Calculator: So, you can calculate the maximum amount you can borrow.
  • Repayment Calculator: So, you can calculate how much your repayment amounts will be.
  • Interest Rate Calculator:  So, you can compare interest rates.

Westpac – Debt consolidation loan

  • Loan Type Debt consolidation
  • Interest Rate from 12.99%
  • Loan Amount up to $50,000
  • Repayment 1 year to 7 years

Benefits of Westpac

  • Consolidate all your debt
  • Fast online loan approvals
  • Flexible loan terms
  • Affordable monthly repayment

Westpac debt consolidation – Rid your debt for good

With their national disaster recovery grants, Westpac provides grants to local community organizations to assist with the medium- and long-term needs of communities affected by natural disasters.

Not only do they support these causes financially but they also volunteer their time and skills to aid the community organizations they hold nearest to the heart. Being their number one priority, you as the customer will always come first. With their dedicated team to assist you during financial hardship, indigenous and remote banking, and even support for customers in domestic violence situations, you can be sure you are valued

How to Apply for a personal loan to consolidate your debt

To be eligible for a loan you will need the following

  • Be older than 18.
  • Have permanent residency in Australia or NZ.
  • Have a regular, verifiable Australian taxable income.
  • Have a fixed, verifiable residential address in Australia.

The documents needed to apply 

  • All current debts in your name.
  • Two payslips from your current employer for the last two months.
  • All regular monthly expenses

Once you have all of this ready you can begin with your loan application.

Steps to apply for your loan

Step one: Take 15 to 20 minutes to apply for a loan online

Step two: Wait for the instant response after submission

Step three: Verify your financial details online

Step four: Accept your contract online or at a branch

The benefits of applying for a loan from Westpac

  • With direct debit, you never miss a repayment.
  • Repayments that match your payday.
  • Easy online application.
man holding thumbs up

Westpac is a trusted & reliable provider of debt consolidation

In our review, Westpac adheres to the compliance criteria in accordance with the National Consumer Credit Protection Act 2009, where the granting the loan will not cause financial distress to the consumer.

✅ Westpac is a registered credit provider in Australia: ACL 233714

Customer Reviews & Testimonials

May 2019

With major centres all over the globe, there is no doubt about how popular Westpac is. They are a bank that does not treat you as another number in the system – they will make you feel like you a...

Janine G
— Brisbane —

March 2019

Save yourself money and stress with a debt consolidation loan. It was the best decision that I ever made! I have so much more money now that I was previously wasting on fees and interest.

Pauline L
— Gladstone —

January 2019

Getting your bills sorted with one payment, one loan and one rate is not a dream – Westpac can make it a reality. Their application process is simple and painless – give them a shot and I am sure...

Rachel A
— Gold Coast —

Westpac Contact

Physical Address

Opening Hours

  • Monday 09:30 – 16:00
  • Tuesday 09:30 – 16:00
  • Wednesday 09:30 – 16:00
  • Thursday 09:30 – 16:00
  • Friday 09:30 – 17:00
  • Saturday – Closed
  • Sunday – Closed