
Home loans for self-employed and business owners
Self-employed? Be your own boss with our full choice of Westpac home loans, and our Fast Track assessment process.
Making home loans simpler for business owners

Flexible home loans
Apply for the same Westpac home loans, offers and rates as salary-earners when borrowing under your own name.

Simple and fast verification
If you qualify for our self-employed Fast Track assessment, all you need to provide is your two most recent personal ATO Notices of Assessment.

Dedicated lending specialist
Get started and apply now. A dedicated lender will call you back, and you can upload your documents later.
Why choose Westpac for your home loan?
At Westpac, we assess your home loan application using the same process as salary-earners.
The good news? You won’t be put on a higher interest rate just because you’re a small business owner. Your loan comes with the same rate, features and benefits as salary-earners.
Featured basic variable rate
5.94% p.a. |
5.95% p.a. |
|
---|---|---|
Variable rate^ |
Comparison rate* |
Variable rate includes 1.64% p.a. life-of-loan discount^ (excludes product switches), and a 0.10% p.a. discount for LVR+ up to 70%. For new Owner Occupier loans and P&I repayments. Credit criteria, T&Cs apply.

How to apply for a home loan if you're a business owner
1. Apply online now
Tell us some details about you; it should only take around 20 minutes to apply. Don’t worry, we’ll save as you go and there won’t be a credit check until you’ve spoken with a home lending specialist.
2. Talk it through
A dedicated lender will be in touch to go over the finer points of your loan. If you qualify for Fast Track (see FAQs), you just need your last two years of ATO income assessments docs. Otherwise, you’ll go through our alternative self-employed assessment process requiring a bit more time and documentation.
3. Conditional approval, if needed
We may be able to provide you conditional approval to help you confidently bid or make an offer knowing how much you can afford. Conditional approval is valid for 90 days. Need more time? We can renew it.
4. Full approval
Once we’ve valued your property and completed other verification, we’ll let you know when your application’s been approved. Accept our loan offer and you’re on your way to settlement – congrats!
Already started an application? Retrieve your application
Frequently asked questions on home loans for business owners
A range of residential home loans are available, whether you’re:
- Operating as a sole trader, a partnership, company or trust
- Buying your first, next home, investing, or switching your loan to us (refinancing)
- Building a new home, or buying an established property.
Borrowing under your name
You can choose from our full range of home loans, each with the same rate, features and benefits available to our PAYG customers.
Borrowing under the business name
If you’re borrowing through your business, you can choose from our selection of home loans for business. Book an appointment and one of our lenders will call you to talk through your options.
If you’re self-employed, our Fast Track assessment process means your home loan application can be assessed without needing your business financials – giving you the same experience and turnaround time as employees on a payroll.
You can still qualify for Fast Track even if: you have PAYG income; you have rental income; you’re applying with someone else and one or both of you is self-employed.
To qualify for Fast Track, you’ll need to:
- Provide your last 2 years of personal ATO Notices of Assessment
- Be self-employed for more than 2 years
- Have 20% of the property's value saved as a deposit
- Not rely on any other source of income to afford your home loan repayments, other than income shown in your Notices of Assessment.
Fast Track document checklist:
- Your last 2 years of personal ATO Notices of Assessment.
We may need other documents from you, but for now just provide us with your Notices of Assessment.
If you don’t qualify for a Fast Track assessment (see FAQ above), you'll need to provide more documentation that shows us you’ve been operating as a viable business, for the last two years.
In addition to:
- Your last 2 years of personal ATO Notices of Assessment;
Sole traders also need the last two years of:
- Personal Income Tax Returns.
Business partnerships, companies and trusts also need the last two years of:
- Personal Income Tax Returns
- Partnership, Company or Trust Tax Returns
- Financial statements (including profit and loss accounts, and balance sheets).
It’s a good idea to have documents supporting your tax-deductible expenses ready too (like interest, rental property and one-off expenses, depreciation, asset write-offs, company car deductions and family trust distributions), as well as documents supporting your business liabilities (like hire purchases, leases and term loans).
Your Notices of Assessment are in your MyGov inbox: for step-by-step instructions on how to find them, visit the Australian Government ATO site.
Under our Fast Track assessment process, your business needs to have been established and trading for at least two full financial years. That said, there may be other ways we can review your application. Simply start your application online and one of our home lending specialists will call you back.
If you qualify for Fast Track (see FAQ above), your income will be assessed based on your ATO Notices of Assessment.
Otherwise, you’ll go through our alternative self-employed assessment process, and will need to prove the income from your business is stable, and that your business is viable.
Your assigned home lending specialist will then calculate how much you could borrow based on the documents you provide.
Whether you qualify for Fast Track, or go through our alternate self-employed assessment process, there are four ways to apply for a new home loan, conditional approval or a switch (refinance) from another financial institution.
Option 1: Apply online and track your application
You can save, submit and track your application online, all the way to loan settlement. It should only take around 20 minutes to apply. Then your assigned home lending specialist will be in touch to chat through your financials, let you know how much you could borrow and progress things to the next stage.
Online applications are available for all loans (unless you’re applying for our Bridging Loan or increasing your current Westpac home loan).
Option 2: Apply over the phone
Book an appointment with one of our home lending specialists, or call 132 558, if:
- You’d prefer an expert to begin your application
- You’re applying to increase your current Westpac home loan, or for a Bridging Loan.
Option 3: Apply through your mortgage broker
If you’re going with a Westpac-affiliated broker, they’ll guide you through your application and answer any of your questions.
Option 4: Apply in-branch
Get in touch with your nearest branch to arrange a meeting. Locate a branch.
Increasing your current Westpac home loan? Book an appointment or call 132 558.
Tools and tips
Things you should know
Conditions, credit criteria, fees and charges apply. Residential lending is not available for Non-Australian Resident borrowers.
This information is general in nature and has been prepared without taking your personal objectives, circumstances and needs into account. You should consider the appropriateness of the information to your own circumstances and, if necessary, seek appropriate professional advice.
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.
*Comparison rate: The comparison rate is based on a loan of $150,000 over the term of 25 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
+LVR stands for the loan-to-value ratio. LVR is the amount of your loan compared to the Bank's valuation of your property offered to secure your loan expressed as a percentage. Home loan rates for new loans are set based on the initial LVR and won't change during the life of the loan as the LVR changes.
^Flexi First Option Home Loans and Investment Loans: Life-of-loan discount is available for new Owner Occupier and Investment Property loans. This includes both Principal & Interest and Interest Only repayments. Offer does not apply to product switches. Interest rates are subject to change. Offer may be varied or withdrawn at any time.
Credit provided by Westpac Banking Corporation ABN 33 007 457 141 AFSL and Australian credit licence 233714.