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Personal Loan Repayment - Direct Debit Request

Call the Personal Lending Centre
on 132 651

 

The Personal Loan Repayment Direct Debit Request form provides us with the authority to automatically withdraw your loan repayments from a nominated account using Bulk Electronic Clearing System.

You can choose how often you would like to make your repayments (weekly, fortnightly or monthly) however you are obligated to make the required minimum monthly repayment as agreed within the loan contract.

Why Direct Debit?

  • Avoid repayment hassles.
  • You don't have to be there. with Direct Debit, repayments take care of themselves.

Can you change the Direct Debit repayment arrangements?
  • Any changes that you would like to make are subject to the Terms and Conditions of your account.
  • You need to give us seven (7) days notice before your next scheduled repayment for any of the following:
    • stopping an individual repayment;
    • deferring a repayment;
    • suspending future repayments;
    • cancelling the repayments completely;
    • altering the repayment amount or repayment cycle.
  • You can make all of these changes by calling us on 132 651.
  • If you consider that a direct debit repayment has been initiated incorrectly, or if you don't understand any aspect of the direct debit procedure, you should contact us on 132 651.

Other information.
  • If your due date for a loan repayment falls on a weekend or a National Public Holiday, we will automatically direct debit the repayment on the next business day after the weekend or National Public Holiday.
  • If your financial institution cannot withdraw the nominated amount from your account (for example, there's not enough money in your account) they may dishonour the withdrawal. Please check the Terms and Conditions of your account to see whether dishonour fees apply.
  • Please refer to your Direct Debit Request/Loan Repayment Form to confirm your Direct Debit Loan Repayment instructions.

If you have any other questions regarding a Personal Loan Direct Debit, feel free to call Westpac's Personal Loan Specialists on 132 651.

Adobe Acrobat Reader PDF Personal Loan Direct Debit (PDF 81Kb)

 

 

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* WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

The comparison rate schedule for our Personal Loan products can be obtained from any of our branches.

Fees and charges apply. Full details of terms and conditions are available on application. These may be varied, or new terms and conditions introduced, in the future. The content on these pages is for information only and is not an offer by the Bank to provide the products and services. Products and services described here are only available within Australia. Any application for credit is subject to Westpac's normal lending criteria.

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