Loans in New Zealand in 2023

Company

Make ‘one day’ happen today with a Westpac Personal Loan. If you’ve been putting off buying a new car, the holiday you’ve always wanted or much needed renovations, why not get a personal loan? It’s quick and easy to apply, and the loan can be structured to suit your needs.

APR

13.90% p.a

Representative example

If you borrow $10,000 over 3 years at 13.90% p.a.; with a monthly repayment of $345, the total amount you’d need to repay would be $12,409 (including a $100 establishment fee).

Timeframe for evaluating your credit application

Once you apply for a personal loan online, we should be able to get back to you within two business days. Once your loan has been approved, the money can be in your Westpac account the following day.

Required documents

1. Identification;
2. Proof of your income - if we can see income deposits into your Westpac account this may be all we need. Otherwise we’ll need one of the following:
- a recent bank statement showing your last three consecutive income deposits; or - a current payslip showing your annual income or your last three consecutive payslips; or - an original, signed and current letter from your employer confirming your income details and term of employment.
3. Other loan statements - if you are refinancing existing debts we will want to see your bank and/or finance company original statements showing repayments for the last 3 months.

Important

There is no penalty or fee - providing you are not otherwise in default - if you'd like to:

Increase your regular payments;

Pay a lump sum;

Pay off the entire balance.

Legal address

Westpac, FATCA Operations, P.O. Box 934, Shortland St, Auckland, 1140, New Zealand

Additional information

Phone: 0800 400 600