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Westpac

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.

Equipment & Asset Finance
Source dated 25 Sept 2026
Amount
From $15K
Term
1 yr to 7 yrs
Rate
Rate available on application
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
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
Early repayment
Early termination fee of $400 (goods loan) or $440 (lease or hire purchase) 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; equipment 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
Equipment

About Business Equipment Loan

Westpac publishes these details for Business Equipment Loan: structure chattel mortgage (lease and hire purchase also offered); 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 equipment. 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 (lease and hire purchase also offered) 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 Car Loan: Structure is chattel mortgage (lease and hire purchase also offered) here and chattel mortgage for Business Car Loan; suitable purposes is equipment here and vehicle for Business Car Loan.
  • Business Loan: Structure is chattel mortgage (lease and hire purchase also offered) 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 (lease and hire purchase also offered) 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.

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