Your how-to guide to getting a personal loan
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If you’ve got big plans and you’re ready to apply for your personal loan, here’s what you need to do to get your cash in hand faster.
There are several common eligibility criteria for personal loan applications. For example, you usually need to:
Remember that if your income doesn’t support the amount you want to borrow, your loan won’t be approved. So try to ensure your loan reflects your cash flow and ability to pay it back.
There are lots of ways to apply for a personal loan, including going into a branch or calling up to complete an application over the phone. On the other hand, you may prefer the ease and convenience of applying online. An online application often only takes around 10-15 minutes to complete, and you can save and return to it later if you need to.
The best thing about applying online is that you often get a prompt response once you submit your application, which is the case when you apply for a Westpac Unsecured Personal Loan. You should then receive the funds in your account in a few business days or in some cases as quickly as within 60 minutes of final approval and contract acceptance, provided you’re an existing Westpac customer.
The bank will want to know your relevant financial and other information, not just for their own security but to make sure you’ll be able to pay off your debt comfortably and not get into any tricky situations down the track.
You may need to provide things like:
Ready to get started? Read more about our Unsecured Personal Loan.
If you’re in the market for car, read about our Car Loan.
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Credit criteria, fees and charges apply. Terms and conditions available on request.