Westpac 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.

From lender's website, 25 Sept 2026

Product details

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

Loan amount: From $15K
Rate: Rate available on applicationFixed rate depending on the type, age and useful life of the equipment and the agreement terms; no rate figure published.
Rate type: Fixed
Term: 1 yr to 7 yrs
Security: Asset-backed
Structure: Chattel mortgage (lease and hire purchase also offered)
Fees: Establishment fee of $500 · No monthly fees · Early termination fee of $400 (goods loan) or $440 (lease or hire purchase) · Asset inspection fee of $150 where the equipment being financed must be inspected
Repayment frequency: Not published
Early repayment: Early termination fee of $400 (goods loan) or $440 (lease or hire purchase) plus break costs assessed case by case
Time trading: Not published
Turnover: Not published
Documents: Not published
Guarantees: Not published
Funding time: Approved funds within 1 business day for eligible customers and asset types
Restrictions: Business based, registered and operating in Australia; equipment fully or mostly used for business.
How to apply: Direct with the lender, or through us
Suitable purposes: Equipment

Sources and freshness

Version 2, effective 25 Sept 2026. Second pass check against the lender website.

Important information

About rates and fees.: Business finance is priced individually. Rates shown are the lender's published starting or indicative rates, not guaranteed rates. Where a lender does not publish a rate we still list the product and show how it is priced: "Rate available on application", "Risk-based pricing" (the lender says the rate depends on your risk or credit profile) or "Individual assessment" (the lender tailors pricing to each customer). Your rate and fees are confirmed by the lender after assessment.
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