Rating based on 32 reviews


  • Student loans up to $50,000
  • Low-interest starting from 10.95%
  • Repayment up to 5 years

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

Westpac - Make your education dreams come true

Having been around for more than 150 years, one would think we are the specialists of perfect banking.

However, we don’t expect our customers to be excellent because we know that mistakes tend to happen from time to time. What we want is to help clients think differently when it comes to their money.

We want you to be in control over your finances

At the end of the day, although we are a registered financial services provider, we don't want our customers to live off debts for the rest of their lives.

This sounds a bit funny coming from a bank right? Yet, it shouldn’t be, we want to have more clients that are in control of their finances and fewer who are always seeking personal loans.

We will guide every step of the way

It has come to our attention that financial management is not an art that is mastered by everyone. Having said that, we look at an individual’s credit profile and judging from the way he spends his money, we will then decide if a tutorial is needed.

It is very difficult to remain disciplined when the market is selling everything that you want and need. However, if you allow us to teach you the essence of saving money, you will start making some smart money moves.

Any young adult who wants to improve their lives will invest in an education because they know that when you are learning and competent, you are one step closer to realizing your dreams. Westpac offers some of the most affordable student loans.

Westpac Services

The Tertiary account is available for students who have enrolled in any academic course and are doing it on a part-time or full-time basis and have their student loans and allowances to be paid in.

The advantage of this package deal is that there are no costs incurred from having this account and customers have the opportunity to enjoy more free deals.

It is rare to find a bank account that has little to no monthly fees, but at Westpac, we have what you're looking for.

The Westpac CashNav app

Life tends to be busy sometimes and you might have to put your attention on other commitments. Having said that, when you have the CashNav app, you don’t have to come to our offices to do your banking or get a loan since you can use our online loan application.

Everything can be accessed in your app and you can have full control over your money. This app has made life so much easier for the people who wanted a convenient way of banking.

We will always keep you informed

Should we have any updates that you need to know about your everyday banking, we will let you know. We have always realized that clients don’t take any updates made very the phone seriously because they believe it might be a scam.

Therefore, we will send you an email or text message. Clients are more than welcome to enquire about the reality of the updates we have sent. There are so many scams happening lately, it is better to be safe than to be singing a different sombre tune.

Westpac – Student loan

  • Loan Type Student loans
  • Interest Rate from 10.95%
  • Loan Amount up to $50,000
  • Repayment 6 months to 5 years

Benefits of Westpac

  • No charges for additional repayments
  • No penalties for early payment
  • Loan top-up option

Student loan calculator

The interest rate of a loan will vary based on your credit score and risk profile.
This loan calculator is for illustration purposes only.
The use of this quick loans calculator is subject to our terms of use.

Westpac - Affordable student loans

In order to qualify for such an account at Westpac, the student needs to be a New Zealand citizen or should possess permanent residency to stay in New Zealand.

Furthermore, you need to be a student at any registered academic institution. We may require proof to prove all these requirements. If you don’t meet our minimum criteria, we will not be able to help you and we can’t process your online loan further.

A different bank account for your lives stages

As life elevates you, we will have to also change your bank account. For example, you can’t have a student account when you have graduated and are no longer a student. Therefore, please notify us when you have finished school and we will make the necessary changes to give you a new bank account.

Applying for more than one loan

If you meet our criteria, we will have no problem giving you an additional credit plan. However, we always advise our customers to finish paying off one loan before going for the next one unless you plan on consolidating debt by combining into one loan to avoid paying hefty interest charges.

Paying earlier than the required date

If you have money in excess and you would like to settle your student loans earlier than the required date, you are more than welcome to do so. We will applaud you for paying your loan sooner and we will have no problem helping you in the future because you would have showed us a new level of commitment.

Late payment

We know that the things that may stop you from honouring your financial obligations are often beyond your control. However, we urge to at least inform us when you are facing difficulty so that we know there is a problem and you are trying to address it. If you don’t, we will assume you have skipped the loan payment on purpose. Either way, you will be liable for extra charges in the event of a missed or late payment

Customer Reviews & Testimonials

Westpac has the most affordable credit plans.

Phillip S
— Invercargill —

I would like to commend the Human Resources team at Westpac for always ensuring that we get our loans on time.

Ryan H
— New Plymouth —

The reason Westpac is my preferred credit provider is that they always ensure that we are given the most affordable loans.

Rose K
— Wanaka —

Westpac Contact

Physical Address

Postal Address

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

Opening Hours

  • Monday 09:30 – 15:00
  • Tuesday 09:30 – 15:00
  • Wednesday 09:30 – 15:00
  • Thursday 09:30 – 15:00
  • Friday 09:30 – 15:00
  • Saturday 09:30 – 13:00
  • Sunday – Closed