Rating based on 23 reviews


  • Debt consolidation loans up to $50,000
  • Low-interest starting from 11.99%
  • Repayment up to 7 years

In-page navigation

Bankwest homepage
Author Bankwest. Screenshot of Bankwest website.
[Accessed May 3, 2023]

Bankwest - working hard to make Australia debt free

Bankwest Bank was founded in 1895 as part of the Agricultural Bank of Western Australia. Since its inception, they’ve become a lean and customer-focused national business focusing on both the personal and retail and small business sectors within Australia. 

They’re conscious of the way in which money is lent out as they form part of the Commonwealth Bank. This results in them needing to ensure they take both their investors, regulators, customers and the broader community interests into consideration with every decision they make.

They serve Australia

Currently serving over 1.2 million customers across Australia, this allows them to open and run 130 shops and branches where they offer bank accounts, personal loans, home loans, debt consolidation loans and so much more. This ensures their ability to service a large part of the country in an efficient manner. Their team has been trained and is equipped to handle any type of query which might come their way.

Corporate social responsibility is a key part of their business

There are three pillars which make up the corporate social responsibility portfolio of the Bank. These pillars are operating responsibly, promotion of equality and inclusion and lastly, contribution to the community and the economy. With a large focus being placed on this, it’s allowed them to really move ahead of their competition and offer competitive personal loans and banking products. From operating some of their stores on solar energy to their employees being taught how to work sustainably, these are just two ways in which they’re becoming even more sustainable.

You can become debt free

Financial stress is something impacting people throughout the country in one way or another. At BankWest, they know it can be challenging to maintain your financial obligations on a regular basis.

There are many ways in which they’re able to assist you in getting back on the right path with regard to your finances, by offering you a consolidation loan.

Some of these ways include:

  • Assisting you in getting your payments reduced for a set period.
  • Getting your repayment arrangements extended.
  • Getting your existing Bankwest debts restructured through a debt consolidation loan.

Looking at your budget

Should you wish to make use of this service, upon completing the registration process, they contact you to let you know whether you qualify for an emergency loan or another form of assistance on several factors.

Be sure to have all the relevant information on hand as they will need to gain a deeper insight into the following:

  • What has happened to cause your financial situation to change?
  • What is the total income you currently receive?
  • A comprehensive list of your expenses, including bills, credit card payments, loans, rent, mortgage, your transport costs, food and insurance, to mention only a few.
  • What is the current amount you can afford to pay?
  • How long do think it will take for your financial situation to change?

Bankwest – Consolidation loan

  • Loan Type Debt consolidation loans
  • Interest Rate 11.9912.80% p/a
  • Loan Amount up to $50,000
  • Repayment 3 years to 7 years

Benefits of Bankwest

  • Fast online loan approvals
  • Competitive interest rates
  • Flexible loan terms
  • Affordable monthly repayment

Bankwest - Let them help you get your finances back on track

In conjunction with the application for a loan to consolidate your debt, there are a number of supporting things you can do.

They’ve partnered with the Financial Counselling Board for Australia to assist with the facilitation of financial discussions with clients. There are also a number of debt self-help guides they’ve made available for their customers.

Make your goals a reality with BankWest

It doesn’t matter what size goal you’ve got, they’re able to assist you with their convenient service offering. With banking right at your fingertips, there's no reason why you can't stay on top of your finances. The easy alert is now set up, you’ll be alerted instantly whenever there’s any sort of activity on your account.

The drive to remain sustainable is how they’re now providing their customers with eStatements which they’re able to download and print when required as opposed to sending the monthly statement in the mail.

Get rewarded for making transactions

If you’re thinking about travelling, they offer a Qantas Transaction Account. The beauty of this account is you won't be charged any ATM fees and you can be rewarded for the transactions you make on your account. You can also get a short-term loan to help you afford your trip. 

For those looking to upgrade, they offer a Platinum MasterCard as well. This card will give you access to a complimentary credit card and travel insurance, resulting in you not needing to go through an independent service provider.

A team of experts

They’ve spent a substantial amount of time training their teams to ensure you only receive the best possible service. If you’re in the market to purchase a new house, their home loan specialists have the flexibility of meeting you off-site to discuss your transaction and what options are available to you.

An important factor to ensure your ability to stay ahead of your competition is the competitive business insights you have access to. They’re able to assist you in giving your business the edge it needs or even assist you with building your business. This personal interaction is what makes them stand out as your dedicated business specialist gets to know your business to ensure their ability to advise you correctly.

The award-winning transaction account

If you’re looking for a way in which you can save your business some money, then you should consider switching over to their award-winning zero-transaction account. They’ve streamlined the banking experience to offer business owners the opportunity to save on banking charges and flexibility with the amount of money required to open or maintain the account.

They’ve put together a list of additional business loan and overdraft services you can make use of when signing up for this account. These include the ability to track your finances, having an overdraft facility available and lastly, cheque and deposit books if you require any. Contact them for more information on their many solutions.

man holding thumbs up

Bankwest is a trusted & reliable provider of debt consolidation loans

In our review, Bankwest adheres to the compliance criteria in accordance with the National Consumer Credit Protection Act 2009, where the granting the loan will not cause financial distress to the consumer.

✅ Bankwest is a registered credit provider in Australia: ACL 234945

Customer Reviews & Testimonials

October 2018

I appreciated how Bankwest was patient enough with me to explain what consolidating my debts entailed and what my options were. That really helped a lot.

Alinta J
— Canberra —

January 2019

I’m so glad I got a debt consolidation loan through Bankwest. My family and I are saving so much money every month because now I just make one affordable payment instead of 3.

Elijah D
— Adelaide —

September 2018

Bankwest’s staff fully deserves 5 big gold stars. It was so nice dealing with such compassionate people.

Eloise H
— Brisbane —

Bankwest Contact

Contact Number


  • not available


Physical Address

Postal Address

  • PO Box E237, Perth, WA, 6841, Australia

Opening Hours

  • Monday 09:00 – 17:00
  • Tuesday 09:00 – 17:00
  • Wednesday 09:00 – 17:00
  • Thursday 09:00 – 17:00
  • Friday 09:00 – 17:00
  • Saturday – Closed
  • Sunday – Closed