Personal Loan Protection

Call the Personal Lending Centre on 132 651

Would you have difficulty paying your personal loan repayments if you lost your job, contracted a sickness or disease, or sustained an injury, and weren't able to work?

Westpac's Personal Loan Protection can help you meet your personal loan repayment obligations in these times of need. It will also pay the balance owing on your personal loan if you die.

How do I get the cover?
It's easy. If you are in paid employment and working at least 20 hours per week, you qualify. You simply apply when applying for a Westpac personal loan.

How much does it cost?
If you apply for a Personal Loan over the phone ask the customer service representative for a quote of your Personal Loan monthly repayment amounts with and without Personal Loan Protection. Alternatively, our Personal Loan calculator can show you how much your Personal Loan repayments would be including Personal Loan Protection.

View the Product Disclosure Statement for the full terms, conditions and exclusions which apply to this insurance.

Repayment calculator

Calculate your monthly loan repayment including all charges.

Got a question about Personal Loans?

General advice on this website has been prepared without taking into account your objectives, financial situation or needs. Before acting on the advice, consider its appropriateness. Consider our disclosure documents, which include Product Disclosure Statements (PDS) for some products. The PDS is relevant when deciding whether to acquire or hold a product. View our ABN & RSE Numbers for Superannuation entities.

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Personal Loan Protection insurance is issued by Westpac General Insurance Limited ABN 99 003 719 319 (WGIL) and Westpac Life Insurance Services Limited ABN 31 003 149 157 (WLIS) each of which is liable for separate risks under the terms of the policy. This insurance product is distributed by Westpac Banking Corporation ABN 33 007 457 141(the Bank). The policy is subject to conditions, limits and exclusions on cover, which are explained in the policy wording. No Westpac Group company (other than the Bank as policy distributor and WGIL and WLIS) has any liability in connection with the policy or this information.

A premium is payable if you decide to take out this insurance. The insurance is optional and is not a condition of the loan. You can arrange insurance with the insurer of your choice, or not arrange any insurance.