Bank Australia (loans) vs Westpac (loans): which is better? Comparison 2026

By our public methodology Bank Australia (loans) scores 84 out of 100 and Westpac (loans) scores 81. Below: the factors and facts where they differ, each fact with its source.

Personal loans in Australia 2026: licensed lenders ranked How we rank

1

Bank Australia (loans)

84/100
2

Westpac (loans)

81/100

Score breakdown

Bank Australia (loans)Westpac (loans)
Licence100100
Transparency10080
Cost5059
Service6470

Pros and cons

Bank Australia (loans)

  • Long licence history
  • Licence confirmed by the official list or a stated licence number
  • Fees or full loan terms are readable without login
  • Publishes how to complain
  • An arrangement fee can apply

Westpac (loans)

  • Long licence history
  • Licence confirmed by the official list or a stated licence number
  • Fees or full loan terms are readable without login
  • Publishes how to complain
  • An arrangement fee can apply
  • A charge can apply to early repayment

Facts side by side

FactBank Australia (loans)Westpac (loans)
Licensed since1957 bankaust.com.au1817 westpac.com.au
Licensed by the regulatorYes apra.gov.auYes apra.gov.au
Published rate, % of country reference100% bankaust.com.au83% westpac.com.au
Free early repaymentYes cdn.bfldr.comNo westpac.com.au
No arrangement feeNo bankaust.com.auNo westpac.com.au
Fees or terms publishedYes cdn.bfldr.comYes westpac.com.au
Complaints procedureYes bankaust.com.auYes westpac.com.au
Online application for new customersYes bankaust.com.auYes westpac.com.au
Support hours a week65 h bankaust.com.au60 h westpac.com.au
Maximum amount, % of country referenceNot verified133% westpac.com.au
Longest term120 mo bankaust.com.au84 mo westpac.com.au

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