Back to: Long Term Finance

Bank bills cover your short- or long-term financial needs, and offer flexible repayment options. Access finance priced at Westpac's bill rate to meet all your fiscal requirements, including seasonal funding, new business acquisition, capital investment and refinance.

The Westpac bill rate is a variable rate determined by the bank. It is determined by a range of factors including, current market bank bill rates and the amount and tenor of the bank bill you select. You can protect interest rate exposure through a wide range of risk management products.

Optional redraw and progressive drawdown facilities are also available (applies only to variable interest rate).

Key features and benefits

• Minimum Limit: $100,000
• Maximum Limit: Nil.

• Bill tenors: 30 to 180 days
• Facility terms: Up to 10 years.

• Interest only in advance (fixed rate loans only)
• Interest only
• Principal and interest
• Can be monthly, quarterly, half yearly or annually (principal only).

• Residential property
• Commercial property (non-specialised)
• Business assets/other types of security.

• Line and/or acceptance fees apply
• Bill rollover fees apply.