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SME Recovery Loan​

From 2.58% p.a. variable rate1
Borrow up to $5m​

SME Recovery Loan features
  • No establishment or monthly fees2
  • Option to defer repayments3
  • Loan terms of 3, 5, 10 years​

Our lowest rate in years

2.39% ^ p.a. Fixed rate
Borrow $​20k to $3m

Business loan features​
  • 2 or 3 year term ​
  • Partial to full asset security required ​
  • For applications submitted by 30 November 2021 and settled by 31 January 2022.​

Deal with the best

Our award-winning bankers are ready to help make your plans happen. 

Award is based on information collected from the DBM Atlas research program – feedback from over 80,000 businesses and/or retail customers, January 2020 through to December 2020. 

Tips to help get your plans moving

SME Recovery Loan: How it could help your business​

Find out about the Federal Government’s SME Recovery Loan Scheme.

Read more

Three Blue Ducks: lessons for business resilience

Andy Allen and Paul Dewhurst from Three Blue Ducks in Sydney share the lessons they’ve learnt.

Read more

Turning your side hustle into a scalable business

Nodo Donuts founder Kate Williams shares her tips for doing it successfully.

Read more

Invest. Expand. Grow

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Things you should know

If you are looking for something different, you can explore more products.

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

^ Offer applies to fixed rate loans for 2-3 years which are partially or fully secured.  Annual fee of $395 and other fees and charges apply. Applications must be submitted by 30 November 2021 and settled by 31 January 2022 to be eligible.​

* Eligible switching costs reimbursed, caps apply. Applies to new Westpac refinances with an eligible transaction account excludes refinances within Westpac Group. Offer can be withdrawn or varied at any time. Reimbursement paid within approx.14 days of switching costs being submitted. Terms and conditions, fees, charges and eligibility criteria apply.​

1. An interest rate premium may apply where a payment deferral period is selected. Interest will accrue during the period of the repayment deferral. ​

2. Other fees and charges apply. ​

3. Depending on security offered and whether a repayment deferral applies. Security supporting these loans excludes residential property.​