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Make repayments over monthly instalments instead of one upfront insurance premium cost.

Business insurance is an essential cost for all business types, regardless of size or industry. But annual upfront insurance premiums can often be an expense many businesses find difficult to fund.

  • Make lump sum annual insurance premiums a thing of the past by paying with monthly instalments.
  • Available to businesses with annual total insurance costs over $5,000.

Take back control

  • Smooth out cash flow and retain working capital within your business
  • You choose the insurer, some exclusions apply1
  • Get certainty of repayments with a fixed interest rate 
  • Possible tax benefits as interest charges may be tax deductible2

Loan security and costs

In most instances no additional security is required. Directors' guarantees are required for company borrowers when financing exceeds $250,000.


  • $150 establishment fee with no on-going monthly account fees.


Consolidate and save time

Westpac Insurance Premium Finance gives you the ability to consolidate different business insurance premiums on the one finance contract:

  • Simple application process
  • You may qualify for on the spot approval speak to our specialists to find out if you qualify
  • Convenience of monthly payments by direct debit 
  • Flexible as can assist with Professional Indemnity, Workers Compensation, General Business Insurance, Motor Vehicle Fleet registrations and CTP.


The interest rate for Insurance premium finance is dependent on a number of factors, including the amount financed, the type of insurance and the term of the finance.

If you would like a personalised quote, send us your details and we'll be in touch.

Exclusive online offer: $0 Monthly Plan Fee*

For the first 12 months for new Business One Low Plan accounts opened online before 31 March 2020.

Terms and conditions apply Find out more

Things you should know

Westpac IPF Terms and Conditions (PDF 173KB)

Westpac IPF Direct Debit Request Service Agreement (PDF 401KB)

1. Only Australian or United Kingdom licensed insurers / underwriters are acceptable.

2. The taxation position described is a general statement and should only be used as a guide. It does not constitute tax advice and is based on current tax laws and their interpretation. Customers must seek their own independent tax advice in relation to their individual circumstances.

Credit criteria, fees, charges, terms and conditions apply. Talk to your banker for product details.


*Open a new Business One - Low Plan account online between 1st March and 31st March 2020 to receive a $0 Monthly Plan Fee for the first 12 months. At the end of the 12-month period the standard Monthly Plan Fee at that time, currently $10, applies to the Business One Low Plan. Other fees and charges, terms and conditions, apply to the Business One Low Plan. This offer may be repeated from time to time, withdrawn, varied or extended at any time.  This information does not take your personal objectives, circumstances or needs into account. Consider its appropriateness to these factors and read the disclosure documents for your selected product or service, including the Terms and Conditions or Product Disclosure Statement at, before deciding. 


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