Unsecured Business Loan

Simple, quick access business funding when you need it

There’s no need to use personal or business assets like property, vehicles or inventory.¹

You choose the repayment frequency and the loan term from 1 to 5 years.

With no monthly fees² and a fixed rate, you’ll know what you’re paying each month.

Access funds for your business needs, with a maximum loan amount of up to $250k.

Westpac offer unsecured loans with fixed interest rates personalised to your business needs:

Other fees and charges like early repayment fees may apply.

To be eligible for unsecured business finance with Westpac, you must:

be a business entity or an individual 18 years and above, domiciled in Australia; and
require the funding for business or investment purposes other than investment in residential property; and
meet the credit criteria and credit policy requirements under an applicable offer for this product.

Before applying for one of our unsecured business loans, your business must also:

have traded for at least 12 months with a valid ABN or ACN
turnover more than $75k annually and be registered for GST
be operating as a sole trader, partnership, trust or company (if the company is a sole director company, the sole director must also be the sole company secretary). Guarantees may be required
have less than $1.5m in business lending with Westpac
have ATO payments, loan repayments and employee entitlements (including super) up to date
not foresee a decline in business revenue that would affect the payment of business liabilities
not be a franchisee, SMSF or charity
tell Westpac about all your accounts and liabilities, so we have a complete and accurate view of your business's financial position
in the past 30 days, have not taken up any additional business lending with any financial institution. The loan will be used for business purposes only and will not be used to refinance any other lending
not use the loan to start a business, fund a property development or to purchase residential property.