Westpac is part of the Westpac Group of companies and services 13 million customers around Australia.
The Westpac Group covers the whole spectrum of financial products from personal banking to corporate banking to insurance to investments.
So you know that you have experts caring for your financial needs when you go to Westpac for a debt consolidation loan.
Clients are important
Westpac like to focus on personal service for their clients. The emphasis is on ensuring clients are happy and have everything they need at their fingertips with help from the relevant department.
For example, with debt consolidation loans, you need a sympathetic ear. No one like to have debt taking over their life and not know where to turn. But if this sounds like you then you need to give us a call.
Help for clients
A big banking business like Westpac is involved in lots of diverse initiatives to help and assist their clients in times of hardship and suffering.
If there has been a recent disaster, they have measures to put into place to alleviating your financial stress.
What Westpac can offer you
A big corporation like Westpac has lots of extras to offer its customers, such as emergency ash when you have lost your card, and online banking, telephone banking and a travel centre, ATM cash, foreign exchange, help with deceased estates and more.
Your consolidation options
Westpac offers two kinds of debt consolidation loans depending on their individual needs.
If you have more than one debt to pay off every month it can be very frustrating. This is the time to consider a debt consolidation loan – by putting all your debts into one account and then paying off one account every month.
Usually the interest rate is lower and the repayment amount is more manageable. This can be used for all kinds of debt, whether it is store cards or credit cards.
There is an unsecured personal loan, or what is called a credit card balance transfer:
- Credit Card Balance Transfer: means you transfer the money into another credit card account attracting 0% interest for a certain period of time which is discussed and set when you take the loan out;
Unsecured Personal Loan: is a Loan which allows you to borrow money without any security. The interest rate is lower than that of a credit card.
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Here’s a short video about Westpac
In a Nutshell
- Average processing time 1 day
- Online application
- In-store application
- Unsecured loan option
- Secured loan option
With a Westpac debt consolidation loan you can make your life easier
To apply for your debt consolidation loan, there are a couple of steps you have to follow as well as certain documents you have to hand in.
- You have to be 18 or older
- You have to have a regular income
- You have to be a permanent resident of Australia
- You have to have all the details of your current financial situation at hand
- You need to know what your assets and liabilities are
- You need a salary slip
- You need to know your regular monthly expenses
Go online and you can fill out their borrowing power calculator so you can find out in advance more or less what you can borrow.
You can apply for the loan online in a couple of minutes or you can call them or go into a branch and see a consultant.
A host of great products
Besides debt consolidation loans, Westpac likes to keep their clients happy with a range of products and they have many ways in which they do that, including looking after their clients in a disaster situation or helping them learn more about how to save money or teaching them how to trade with shares and other investments.
If you have bad credit then you still have options available to you. Most debt consolidation loans require you to have a good credit score in order to qualify. Our loans give those with bad credit a second chance at a stable financial future.
We are willing to take a chance on you regardless of your credit score, combine your existing debt into one easy to manage loan. Save money on interest and other charges and pay one lower monthly instalment.
Consider peer-to-peer lending
Peer-to-peer lending is another good option for those that have a bad credit score. This process allows you to borrow money from an individual investor. They will consider your application and if they decide that they want to assist you then you could end up saving a lot of money and only need to make one simple repayment per month.
Transfer your balance to a new credit card
The easiest way to save money is to open a new zero per cent balance credit card and transfer your existing credit card debt onto the new credit card. This will allow you to repay your debt back at a much lower interest rate by combining all your balances.
Use your home as equity
If you own your home you will be able to use the equity from your property. You may be able to borrow up to 80% of your home's equity and use this to consolidate your debt and lower your monthly instalments. Another option is to apply for a second mortgage on your loan.
Eligibility & Requirements
- Earning a stable income
- Credit check
- Good credit history
Other Products & Services
- Bank Accounts
- Home Loans
- Credit Cards
- Personal Loans
Customer Reviews & Testimonials
I was able to use my home as equity to consolidate my existing debt and save myself money in interest. Paul was a very helpful consultant that went out of his way to assist me in every way. I was...
— Perth —
I was able to consolidate my debt into one easy to manage loan. I saved so much money on interest and now only need to worry about making one easy instalment per month. It was very easy to apply...
— Darwin —
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476-478 Ruthven St, Toowoomba
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- Tuesday 09:00 – 17:00
- Wednesday 09:00 – 17:00
- Thursday 09:00 – 17:00
- Friday 09:00 – 17:00
- Saturday Closed –
- Sunday Closed –
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