Business loans

Phone 132 772

Short term finance comparison table

Interest rate
	Business Overdraft	Westpac Business One Loan	Invoice Finance	Insurance Premium Finance
	Apply	Apply	Apply	Apply
Variable rate p.a.	8.91% p.a.¹	4.85% p.a.²	Dependent on the facility size	Fixed interest rate only
Fees
Establishment fee	Price on application	$820 (+ 0.6% of the loan amount if the loan amount is over $100,000)	Price on application	$150.00
Monthly fee or Loan Service fee	Price on application	$100 per month, charged quarterly in arrears	N/A	N/A
Account transaction fees	yes	Standard transaction fees apply for underlying cheque account	no	N/A
Security
Required	yes	yes	No landed security required³	Usually the insurance policy
Loan amount
Minimum	$1	$250,000	$500,000	$5,000
Maximum	No maximum	No maximum	No maximum	No maximum
Loan Term
Minimum	No minimum	30 days	No minimum	6 months
Maximum	12 months subject to annual review	Dependant on security type: Residential property: up to 25 years Commercial property: up to 15 years Other security: up to 10 years	Subject to annual review	12 months matched to the policy
Access
Internet	yes	yes	yes	no
Phone	yes	yes	no	no
ATM	yes	yes	no	no
EFTPOS	yes	yes	no	no
Branch	yes	yes	no	no
Cheque book	yes	yes	no	no
Repayments
Repayment options	No fixed or minimum monthly repayments	Range of repayment options	Automatically deducted from your debtor payments	Monthly

Things you should know

Any application for finance will be subject to the Bank's normal lending criteria.
1.Rates:
-are variable
-are current as at 14 May 2012.
Rates are shown as base rate only, a margin may apply.
2.Rates:
-are variable
-are current as at 21 May 2012
-are changed daily
-are shown as a base rate only - a margin may apply.
3.Normal lending guidelines apply.

This information does not take your circumstances into account. Read the relevant Product Disclosure Statements or other disclosure documents before making a decision. Unless otherwise specified, the products and services described on this website are available only in Australia from Westpac Banking Corporation ABN 33 007 457 141 AFSL and Australian credit licence 233714. Conditions and fees apply.