If you are looking for a bank that is incompetent, lies and closes branches, Bankwest is one of the best options in Australia… Bankwest offers three types of personal loans. With each type, they require an interest rate and fee. This post, we introduce all types of Bankwest personal loans.

Bankwest personal loans
Three types of Bankwest personal loan for you choose

In the previous post, Loansaustralia.net introduces people to some of the necessary information that is useful for getting the Coastline personal loans, to get more information people can read the article Get Coastline personal loans with the best interest rate. Now, let find knowledge about loans of Bankwest in the post today.

BANKWEST PERSONAL LOANS

Just like a lot of article posts about the personal loans in Australia, as well as each type of loans such as Hunter United personal loans, ClearLoans personal loans, Now Finance personal loans, MoneyPlace personal loans…. this post about the Bankwest loans also includes some main parts. They are:

1. Some requirements to apply for Bankwest loans

To get a personal loan from Bankwest, customers need to meet some requirement, they are:

  • Customers need to over the age of 18
  • Customers are Australian citizens or permanent Australian residents
  • Customers have a regular permanent income
  • Customers don’t have any active loan application that has already been conditionally approved

If customers meet these requirements, customers can start the online application. The application needs some information on hand, they are:

  • The contact information: email and residential address
  • If customers are not Bankwest customers, they need to have the driver’s license, passport, Medicare card, or birth certificate
  • The details of the finances: the income, expenses, as well as assets.

2. Some types of Bankwest loans

The features of Bankwest loans:

  • Fixed rate. Loans are available with fixed interest rates. Bankwest offers the security of knowing exactly what the repayments will be.
  • Flexible repayment options. Customers can choose to make repayments weekly, fortnightly or monthly.
  • Loan terms. Between 1 and 7 years.
  • Loan amounts. Between $5,000 and $100,000.
  • Fees. The application fee of $249 (Unsecured Personal Loan is $195) and a monthly fee of $10 (Unsecured Personal Loan is $8). It costs $299 to apply for the Car Loan and there is a monthly fee of $5.
  • Online banking loan repayment. Customers can make the loan repayments using Bankwest Online Banking (BOB) to easily make an internal transfer of funds between own accounts of customers and make additional repayments.
Types of personal loans Secured Car Loan Unsecured Personal Loan Flexible Personal Loan
Interest rates

7.99% p.a.
Fixed rate

8.76% p.a.

Comparison rate

11.99% p.a.
Fixed rate

12.80% p.a.
Comparison rate

14.49% p.a.
Fixed rate

15.51% p.a.
Comparison rate

Application fees $299 $195 $249
Monthly maintenance fees $5 $8 $10
Early repayment fees $250 – first 12 months

$100 – 13 to 24 months

$250 – first 12 months

$100 – 13 to 24 months

No early repayment fees
Late payment fee $25 $25 $25
Repayment frequencies Weekly, fortnightly or monthly Weekly, fortnightly or monthly Weekly, fortnightly or monthly
Minimum loan amount $10,000 $5,000 $5,000
Maximum loan amount $100,000 $50,000 $50,000
Loan terms 3 to 7 years 3 to 7 years 1 to 7 years
Surplus payment redraw option Yes Yes Yes
Bankwest personal loans
Three types of Bankwest personal loan for you choose

3. The example of Bankwest loans

For a Secured Car Loan in Bankwest:

  • Customers get $30,000
  • Loan term 5-year
  • The interest rate is 7.99% p.a. (8.76% p.a. comparison rate)
  • The total amount payable is $37,087.87 including interest and fees.

For an Unsecured Personal Loan:

  • Customers get $30,000
  • Loan term 5-year
  • The interest rate is 11.99% p.a. (12.80% p.a. comparison rate)
  • The total amount payable is $40,705.80 including interest and fees.

For a Flexible Personal Loan:

  • Customers get $30,000
  • Loan term 5-year
  • The interest rate is 14.49% p.a. (15.51% p.a. comparison rate)
  • The total amount payable is $43,190.40 including interest and fees.

This post is about loans of Bankwest. We provide this information to offer you some of the necessary information that is useful for getting loans from Bankwest. Also if you are looking for information about the personal loans from Hunter United, please refer to the Hunter United personal loans link we just provided in the previous article.

Anita (Team Content) – Bankwest personal loans