Business Loan

Borrow from $20,000 with a Westpac Business Loan. A fixed or variable rate business loan with flexible repayment options. Only pay interest on the amount you owe.

Fixed or variable rate whatever you're comfortable with - Loan term 1 to 25 years depends on security and loan purpose
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    132 772 

    8am-8pm, Mon - Fri 

Essentials

Choose a fixed or variable rate Business Loan.

Variable rate

  • Make extra payments, which could reduce interest paid over the life of the loan
  • Option to swap between interest only or principal and interest repayments
  • Redraw allows you to make extra payments and access these funds later.

Fixed rate

  • Provides certainty in knowing what you're up for with each repayment
  • Protects you from potential future interest rate movements.

Make tax time less taxing

Keep track of your Business Loan balance and financials online (and at tax time, export details of interest paid to your accounting software).

Terms and loan security

The term of your Business Loan will vary depending on security offered (you can always swap if your situation changes):

  • Loan term up to 25 years when residential property used as security
  • Loan term up to 15 years when commercial or rural property used as security.
  •  

    Get started online

    We'll be in touch within 1 business day.

    Send us your details
Things you should know
  • Fees and charges apply and are available on request. Westpac’s normal lending criteria applies.

    To apply, or for further information, please speak to your nearest branch or call 132 772.

Fees

  • Establishment fee
  • Monthly loan maintenance fee
  • Other fees apply.
  •  

    Get started online

    We'll be in touch within 1 business day.

    Send us your details
Things you should know
  • Fees and charges apply and are available on request. Westpac’s normal lending criteria applies.

    To apply, or for further information, please speak to your nearest branch or call 132 772.

  •  

    Get started online

    We'll be in touch within 1 business day.

    Send us your details
Things you should know
  • Fees and charges apply and are available on request. Westpac’s normal lending criteria applies.

    To apply, or for further information, please speak to your nearest branch or call 132 772.

About applying

Important Considerations

Here are some important points to consider before applying for a business loan:

  • Security – business loans require security in the form of cash or property.  A guarantee will also be required by company directors for corporate borrowers
  • Credit history - all borrowers, owners, directors and guarantors must have clear credit records. All statutory payments and ATO liabilities need to be up to date and not under arrangement
  • Banking and borrowing history - existing bank accounts and lending products must be within their approved limits
  • Domicile - your business must be registered in Australia

 

Looking to borrow less than $50,000?

Consider our range of business credit cards. Terms and Conditions apply.

  •  

    Get started online

    We'll be in touch within 1 business day.

    Send us your details
Things you should know
  • Fees and charges apply and are available on request. Westpac’s normal lending criteria applies.

    To apply, or for further information, please speak to your nearest branch or call 132 772.