Skip to content
The Business Loan Store
Westpac

Westpac Business Car Loan

Fixed rate business vehicle loan (chattel mortgage) from $15,000 over 1 to 7 years for new or used cars, vans and trucks, with an optional balloon.

Vehicle & Fleet Finance
Source dated 1 Oct 2026
Amount
From $15K
Term
1 yr to 7 yrs
Rate
Individual assessment
Security
Asset-backed
Enquire about this product

Product details

As published by Westpac. Details not published by the lender are marked.

Loan amount
From $15K
Rate
Individual assessmentFixed rate tailored to the customer; no current public rate figure or EV discount confirmed.
Rate type
Fixed
Term
1 yr to 7 yrs
Security
Asset-backed
Structure
Chattel mortgage
Fees
Establishment fee of $500 · No monthly fees · Early termination fee of $400 (goods loan)
Early repayment
Early termination fee of $400 (goods loan) plus break costs assessed case by case
Funding time
Approved funds within 1 business day for eligible customers and asset types
Restrictions
Business based, registered and operating in Australia; vehicle fully or mostly used for business.
How to apply
Direct with the lender, or through us
Not published by Westpac
repayment frequency, time trading, turnover, documents, guarantees
Suitable purposes
Vehicle

About Business Car Loan

Westpac publishes these details for Business Car Loan: structure chattel mortgage; loan amount from $15K; term 1 yr to 7 yrs; security asset-backed; funding time approved funds within 1 business day for eligible customers and asset types; suitable purposes vehicle. Not published by Westpac for this product: maximum LVR, time trading, turnover, documentation, guarantees. Ask the lender or a finance specialist to confirm these before you apply.

How it differs from other Westpac products

  • Bank Bill Business Loan: Structure is chattel mortgage here and term loan (BBSY-linked) for Bank Bill Business Loan; loan amount is from $15K here and from $250K for Bank Bill Business Loan; term is 1 yr to 7 yrs here and up to 30 yrs for Bank Bill Business Loan; security is asset-backed here and secured for Bank Bill Business Loan.
  • Business Equipment Loan: Structure is chattel mortgage here and chattel mortgage (lease and hire purchase also offered) for Business Equipment Loan; suitable purposes is vehicle here and equipment for Business Equipment Loan.
  • Business Loan: Structure is chattel mortgage here and term loan for Business Loan; loan amount is from $15K here and from $10K for Business Loan; Westpac publishes term (1 yr to 7 yrs) for this product but not for Business Loan; security is asset-backed here and secured for Business Loan.
  • Business Overdraft: Structure is chattel mortgage here and overdraft for Business Overdraft; Westpac publishes loan amount (from $15K) for this product but not for Business Overdraft; Westpac publishes term (1 yr to 7 yrs) for this product but not for Business Overdraft; security is asset-backed here and secured for Business Overdraft.

Want us to do the searching?

Tell us about your business. A business finance specialist can help you narrow down your options, saving you time and helping you avoid unnecessary applications.

Get matched

Getting matched does not involve a credit enquiry

More from Westpac

Bank Bill Business Loan

Market-linked business loan from $250,000 over 30 days to 30 years for acquisitions, capital investment or refinancing, with variable or fixed rates.

Amount
From $250K
Term
Up to 30 yrs
Security
Secured
Rates and other criteria
Rate
Rate available on application
Repayments
Not published
Trading
Not published
Source dated 25 Sept 2026
Details for Westpac Bank Bill Business Loan

Business Equipment Loan

Fixed rate equipment loan (chattel mortgage) from $15,000 over 1 to 7 years for new or used equipment; lease and hire purchase also offered.

Amount
From $15K
Term
1 yr to 7 yrs
Security
Asset-backed
Rates and other criteria
Rate
Rate available on application
Repayments
Not published
Trading
Not published
Source dated 25 Sept 2026
Details for Westpac Business Equipment Loan

Business Loan

Secured business term loan from $10,000 with variable or fixed rates, for uses such as buying a business, capital investment, property or refinancing.

Amount
From $10K
Term
Not published
Security
Secured
Rates and other criteria
Rate
From 7.91% p.a. variable
Repayments
Not published
Trading
Not published
Source dated 25 Sept 2026
Details for Westpac Business Loan

Business Overdraft

Secured business overdraft with a variable rate and a line fee on the total limit, where interest is paid only on the amount used.

Amount
Not published
Term
Not published
Security
Secured
Rates and other criteria
Rate
From 8.11% p.a. variable
Repayments
Not published
Trading
Not published
Source dated 25 Sept 2026
Details for Westpac Business Overdraft

Similar products from other lenders

Major bank

ANZ Business Car Loan

Chattel mortgage from $7,500 over 1 to 7 years for business cars, vans, utes, trucks, buses and trailers, secured by the vehicle.

Amount
From $7.5K
Term
1 yr to 7 yrs
Security
Asset-backed
Rates and other criteria
Rate
Individual assessment
Repayments
Not published
Trading
Not published
Source dated 1 Oct 2026
Details for ANZ Business Car Loan
Asset and equipment financierVia broker

Plenti Commercial asset finance

Commercial vehicle finance for Australian businesses, available through accredited brokers.

Amount
Not published
Term
Not published
Security
Not published
Rates and other criteria
Rate
Rate available on application
Repayments
Not published
Trading
Not published
Source dated 1 Oct 2026
Details for Plenti Commercial asset finance
Asset and equipment financier

Plenti Tesla commercial loan

Loan for a new Tesla used in your business, up to $100,000 over 3 to 7 years with an optional balloon, for ABN and GST registered businesses.

Amount
Up to $100K
Term
3 yrs to 7 yrs
Security
Not published
Rates and other criteria
Rate
Rate available on application
Repayments
Not published
Trading
ABN and GST registered for 1+ year
Source dated 1 Oct 2026
Details for Plenti Tesla commercial loan
Non-bank business lender

Shift Asset Finance

Vehicle and equipment finance up to $2M over up to 7 years, including cars, utes, vans, trucks and trailers.

Amount
Up to $2M
Term
Up to 7 yrs
Security
Varies
Rates and other criteria
Rate
From 7.95% (annual percentage rate)
Repayments
Monthly
Trading
2+ years trading
Source dated 23 Sept 2026
Details for Shift Asset Finance

Start typing to search finance types, lenders, products and guides.