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Vehicle and Equipment Finance	Business Loan	Business Overdraft	Unsecured Business Overdraft	COVID-19 Support - SME Business Loans	Altitude Business credit cards
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Best for
When you don't want to use cash flow to purchase new assets.	Great for purchasing an existing business or franchise, or investing to grow.	Access additional funds in your business transaction account to pay suppliers and wages when cash flow gets tight.	Access up to $75k additional funds in your business transaction account.	If your annual turnover is less than $50 million, you may be eligible to apply for a business loan of up to $1 million under Phase 2 of the Government’s Coronavirus SME Guarantee Scheme.	Get rewarded for your business expenditure and help manage your business cash flow with up to 55 days interest free on purchases.^*
Features
Terms from 1 to 5 years Use the vehicle or asset you're purchasing as security Get certainty with fixed payments on a finance lease and commercial hire purchase, or a fixed interest rate on a commercial loan.	Loan term up to 30 years when residential property used as security Loan term up to 25 years when commercial or rural property used as security Loan term up to 5 years when unsecured (directors guarantee is required for corporate borrowers)	Ongoing (no fixed term) but repayable on demand Unsecured (directors guarantee is required for corporate borrowers), or secured by cash, residential, commercial or rural property Negotiate better terms and discounts with suppliers using the overdraft for larger upfront payments.	No need to secure the overdraft against any assets. Directors' Guarantee will be required for Corporate borrowers An overdraft is ongoing (no fixed term), and you repay what you can, when you can – as long as the overdraft stays under the agreed limit Fast application process.	Available to both new and existing Westpac customers Secured² and unsecured³ options Terms of 3 or 5 years for business loans with no establishment or monthly account keeping fees⁴ Terms of 1 to 5 years for vehicle and equipment goods loans – with no establishment fees for new loans approved and settled before 30 June 2021^#. Terms and conditions apply.	No security required
Borrow limits
Minimum $15,000	Minimum $5,000	No minimum or maximum amount (credit criteria apply)	Up to $75,000	Up to $1 million	Depending on your card, $1,000 to $150,000 (Altitude Business Gold Mastercard: $1,000 - $50,000; Altitude Business Platinum Mastercard: $20,000 - $150,000)
Rates
Dependant on finance option, term, type and age of vehicle or equipment.	Small business loan rate from 3.66% variable rate (base rate only, a margin or discount may apply)	Small Business Overdraft rate from 3.86% variable rate (base rate only, a margin or discount may apply)	Unsecured business overdraft 9.46% p.a. variable interest rate applied only to the money you’ve used (calculated daily and charged monthly).	SME Business Loans has fixed and variable rate options. Vehicle and equipment goods loan: From 2.79% p.a. fixed rate dependent on security offered.	20.24% p.a. on purchases (variable) 20.74% p.a. on cash advances (variable) Special offer: 4.99% p.a. for 12 months on balance transfers requested at card application. Rate then switches to variable cash advance rate. T&Cs apply. ¹

Looking to borrow more than $1 million?

Compare Commercial Business finance options.

Things you should know

Altitude Business Rewards Terms and Conditions (PDF 2MB)

Altitude Business Credit Cards Conditions of Use (PDF 255KB)

Fees, charges and credit criteria apply. Read the terms and conditions available above before making a decision.

Find out what information you need to provide to become a Westpac customer.

1. Balance transfer promotion: The promotional balance transfer rate is available when you apply and are approved for a new Westpac Altitude Business Platinum Mastercard or Gold Mastercard credit card and request at application to transfer balance(s) from up to 3 non-Westpac Australian issued credit, charge or store cards. The rate will apply to balance(s) transferred (min $200 up to 80% of your approved available credit limit) for 12 months from card activation, unless the amount is paid off earlier. The applicable variable cash advance rate will apply to balance(s) transferred but left unpaid at the end of the 12 month promotional period. If your account has an interest free period for purchases, to be entitled to that interest free period, you need to pay off the 'Monthly Payment Balance' listed on your statement of account (not the full closing balance) by the relevant payment due date. Westpac will not be responsible for any delays that may occur in processing payment to your other card account(s) and will not close the other card account(s). The variable cash advance interest rate applies to balance transfers requested at any other time. Switches, upgrades, customers accessing employee benefits or packaged cards are ineligible for this offer. This offer may be withdrawn at any time.

2. Security supporting these loans excludes residential property or commercial/rural property that may be used for residential purposes.

3. Unsecured business loans available up to $75,000. Director guarantees may be required.

4. Other fees and charges apply.

# Establishment fee waived: Information is correct as at 4 November 2020. This offer waives the relevant establishment fee (usually from $450) on Westpac Vehicle and Equipment Finance applications (excluding novated lease). This offer is only available to Business customers for business purposes and only for new applications (excludes roll-overs and refinances) for vehicles and equipment finance which are settled before 30 June 2021. Other fees and charges apply. This offer cannot be used in conjunction with any other offer and may be varied or withdrawn at any time.

Earning and redeeming Altitude reward points: You can earn and redeem Altitude rewards points as set out in the Altitude Business Rewards Terms and Conditions (PDF 2MB). You do not receive points if your card account is in arrears for 2 consecutive statement cycles and in other circumstances. Altitude reward points do not expire while you remain an Altitude card holder. You must be a member of the relevant frequent flyer program to redeem Altitude points for frequent flyer points. The terms and conditions of the relevant frequent flyer programs also apply. A joining fee may apply for these frequent flyer programs. Availability of award flights may be limited.You must have earned a minimum of 3,000 Altitude points before you can redeem any rewards. For Altitude Business Gold cards, a points cap of 20,000 points applies when using either or both cards. Bonus points do not count towards the points cap.

*When you pay the closing balance by the due date.