Rating based on 36 reviews


  • Debt consolidation up to $50,000
  • Low-interest up to 10.95%
  • Repayment up to 5 years

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Author Westpac. Screenshot of Westpac website.
[Accessed April 17, 2018]

Westpac is Australia’s first bank and oldest establishment

We are one of four main banking societies in Australia and one of the biggest banks in New Zealand. We provide an extensive range of consumer, commercial and organized banking and affluence management facilities through a range of financial services products and businesses.

The New South Wales Bank was founded way back in 1817; we then changed our name to Westpac Banking Corporation in 1982. We pride ourselves on the fact that we have been able to play an important role in the economic and social fabric in Australia and New Zealand for over 200 years.

Our history

Our very first employee was Joseph Hyde Potts when we first opened our doors in 1817, he was employed as a porter and a servant and he received a weekly portion from the Kings stores with an annual salary of 25 pounds.

The 1800s brought with it desperate times, beginning with a theft from the chief cashier of the bank of NSW’s, who had stolen half of its subscribed investments, this was a very serious loss in 1821, none of the funds was ever recovered.

Then in 1851, there was the gold fever and this was the beginning of the bank’s major expansion, we saw an opportunity to set up gold-buying agents, recognizing the needs of the miners and merchants. By 1861 we had grown from a little office in Sydney to a network of 37 branches.

The 1900s brought with it the crash of New York’s stock market know as Black Thursday, 24 October 1929 indicated the beginning of the depression in the global market. Westpac expanded quickly in the 1980s. Though, the outcome of the economic recession at the end of the decade, Westpac confirmed a loss of $1.6 billion for the financial year ended on the 30 Sept 1992.

Westpac Services

Debt consolidation comprises several debts being consolidated; it could consist of credit cards, store cards and any other loans rolled into a single loan account. In some circumstances, it can be a sensible way to make your payments easier to track and give you a better insight into how much you’re paying to manage your debt.

Simplify your repayments! We’re sure you’re familiar with having more than one personal loan or credit card and how complex it can sometimes be to track different payment schedules.

The process of meeting obligations with regards to repayments becomes more difficult and harder to keep up with each new debt when you’re trying to align it with your income and expenses.

Debt consolidation

By combining all your debt into one place gives you the capability of reducing all you current repayment amounts into one consistent repayment.

Depending on the option you choose, may give you a chance to rearrange your repayment dates to align with your income schedule.

There are certain situations in which you could reduce the cost to maintain your debts by paying lessor fees and lower rates on the overall debt amount by consolidating multiple loans or credit cards with a new unsecured loan.

You can set a date to end your debt; one of the most helpful benefits of debt consolidation with the help of an unsecured personal loan is that it offers a fixed-term meaning the end date is inbuilt into your loan, allowing you to work towards a settlement date.

If you consider applying for a loan, bear in mind that the shorter the loan terms the higher your repayments, but you’ll have to pay less interest in the long run.

Westpac – Consolidation loan

  • Loan Type Debt consolidation
  • Interest Rate 10.95%
  • Loan Amount up to $50,000
  • Repayment 6 months to 5 years

Benefits of Westpac

  • Additional repayments are not charged
  • Early repayments are not charged
  • You can apply for a loan top-up

Westpac - a range of financial solutions

Our services don’t stop at debt consolidation loans and accounts.

Home renovation loans

Apply for a pre-approved home renovation loan, it gives you a realistic budget to work with and you’ll know what funding you have to work with. It’s exciting to plan for home renovations and with our home renovation loan; you can do all the things you’ve wanted to do.

Should you choose to finance your home renovation with Westpac you may possibly avoid using the equity in your present home, permitting you to add comfort and value to your property with ease.

Education loans

Have you ever thought about learning a new skill or perhaps you want to dabble in an entirely new industry, Westpac offers an education loan that gives you the opportunity to take the steps you need to make it happen?

Our education loan option may cover the expenses you need; be it for textbooks or technology and equipment or tuition fees, we can assist.

Medical loans

We understand that medical expenses can be unnerving and expensive; however, they can have a huge impact on you and your family’s quality of life.

Our Medical instant cash loans can be used for dentistry costs, cosmetic surgery, fertility treatments, and dermatology procedures Westpac could be of assistance to what is important to you.

Customer Reviews & Testimonials

Westpac will never give me a credit offer without looking at my affordability.

Jack W
— Wellington —

Applying for the Westpac loan was fast, effective and well worth my time.

Christopher S
— Russell —

The online application was quite easy to understand and follow through.

Noah K
— Picton —

Westpac Contact

Physical Address

Opening Hours

  • Monday 09:00 – 16:30
  • Tuesday 09:00 – 16:30
  • Wednesday 09:00 – 16:30
  • Thursday 09:00 – 16:30
  • Friday 09:00 – 16:30
  • Saturday 10:00 – 14:00
  • Sunday – Closed