As published by Westpac. Details not published by the lender are marked.
- Loan amount
- From $10K
- Rate
- From 7.91% p.a. variableStarting variable rate on the product page; matches the Small Business Loan Rate of 7.91% p.a. on Westpac's business lending rates page, effective 1 September 2026. Rates vary with loan term and security type. Fixed rates available for up to 5 years; no fixed rate figure published.
- Rate type
- Variable or fixed
- Security
- Secured
- Structure
- Term loan
- Fees
- Monthly service fee from $143 (accrues monthly, payable quarterly in arrears) · Establishment and other fees apply (confirmed in the finance offer)
- Early repayment
- Extra repayments and redraw on variable rate; no extra repayments or redraw during a fixed rate period
- Documents
- ID, financial statements, proof of individual income for directors and shareholders, personal and business expenses, latest annual financial statements or business tax return, 12 months of ATO BAS, and a signed lease for property investments.
- Guarantees
- May be required
- Restrictions
- 100% LVR option: up to $3m per customer, businesses operating and profitable for at least two years, only for owner-occupied non-specialised commercial property or business expansion.
- How to apply
- Direct with the lender, or through us
- Not published by Westpac
- term, repayment frequency, time trading, turnover, funding time
- Suitable purposes
- GrowthCommercial propertyBuy a businessRefinance
About Business Loan
Westpac publishes these details for Business Loan: structure term loan; loan amount from $10K; security secured; documentation iD, financial statements, proof of individual income for directors and shareholders, personal and business expenses, latest annual financial statements or business tax return, 12 months of ATO BAS, and a signed lease for property investments.; guarantees may be required; suitable purposes growth, Commercial property, Buy a business, Refinance. Not published by Westpac for this product: term, maximum LVR, time trading, turnover, funding time. 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 term loan here and term loan (BBSY-linked) for Bank Bill Business Loan; loan amount is from $10K here and from $250K for Bank Bill Business Loan; term is published for Bank Bill Business Loan (up to 30 yrs) but not for this product; Westpac publishes documentation (iD, financial statements, proof of individual income for directors and shareholders, personal and business expenses, latest annual financial statements or business tax return, 12 months of ATO BAS, and a signed lease for property investments.) for this product but not for Bank Bill Business Loan.
- Business Car Loan: Structure is term loan here and chattel mortgage for Business Car Loan; loan amount is from $10K here and from $15K for Business Car Loan; term is published for Business Car Loan (1 yr to 7 yrs) but not for this product; security is secured here and asset-backed for Business Car Loan.
- Business Equipment Loan: Structure is term loan here and chattel mortgage (lease and hire purchase also offered) for Business Equipment Loan; loan amount is from $10K here and from $15K for Business Equipment Loan; term is published for Business Equipment Loan (1 yr to 7 yrs) but not for this product; security is secured here and asset-backed for Business Equipment Loan.
- Business Overdraft: Structure is term loan here and overdraft for Business Overdraft; Westpac publishes loan amount (from $10K) for this product but not for Business Overdraft; documentation is iD, financial statements, proof of individual income for directors and shareholders, personal and business expenses, latest annual financial statements or business tax return, 12 months of ATO BAS, and a signed lease for property investments. here and iD, financial statements, proof of individual income, and personal and business expenses. for Business Overdraft; suitable purposes is growth, Commercial property, Buy a business, Refinance here and cash flow, Stock for Business Overdraft.
