Skip to content
The Business Loan Store
Westpac

Westpac 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.

Working Capital FinanceCashflow Loans
Source dated 25 Sept 2026
Amount
Not published
Term
Not published
Rate
From 8.11% p.a. variable
Security
Secured
Enquire about this product

Product details

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

Rate
From 8.11% p.a. variableStarting variable rate on the product page; matches the Small Business Overdraft Rate of 8.11% p.a. on Westpac's business lending rates page, effective 1 September 2026. Rates vary with security type.
Rate type
Variable
Security
Secured
Structure
Overdraft
Fees
Monthly line fee of 1.20% p.a. of total limit · Establishment fee of $0 for a limited time when eligibility criteria are met (applications received and approved 7 April 2026 to 30 September 2026, limits up to $1 million)
Documents
ID, financial statements, proof of individual income, and personal and business expenses.
Guarantees
May be required
Restrictions
Requires a valid Westpac Business Transaction account.
How to apply
Direct with the lender, or through us
Not published by Westpac
loan amount, term, repayment frequency, early repayment, time trading, turnover, funding time
Suitable purposes
Cash flowStock

About Business Overdraft

Westpac publishes these details for Business Overdraft: structure overdraft; security secured; documentation iD, financial statements, proof of individual income, and personal and business expenses.; guarantees may be required; suitable purposes cash flow, Stock. Not published by Westpac for this product: loan amount, 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 overdraft here and term loan (BBSY-linked) for Bank Bill Business Loan; loan amount is published for Bank Bill Business Loan (from $250K) but not for this product; 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, and personal and business expenses.) for this product but not for Bank Bill Business Loan.
  • Business Car Loan: Structure is overdraft here and chattel mortgage for Business Car Loan; loan amount is published for Business Car Loan (from $15K) but not for this product; 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 overdraft here and chattel mortgage (lease and hire purchase also offered) for Business Equipment Loan; loan amount is published for Business Equipment Loan (from $15K) but not for this product; 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 Loan: Structure is overdraft here and term loan for Business Loan; loan amount is published for Business Loan (from $10K) but not for this product; documentation is iD, financial statements, proof of individual income, and personal and business expenses. here and 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 Business Loan; suitable purposes is cash flow, Stock here and growth, Commercial property, Buy a business, Refinance for Business Loan.

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 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.

Amount
From $15K
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 Westpac Business Car 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

Similar products from other lenders

Major bank

ANZ Business Overdraft

Secured or unsecured business overdraft from $2,000 with no set repayments, for trading and seasonal cash flow and working capital.

Amount
From $2K
Term
Not published
Security
Varies
Rates and other criteria
Rate
Rate available on application
Repayments
Not published
Trading
Not published
Source dated 25 Sept 2026
Details for ANZ Business Overdraft
Major bank

ANZ GoBiz Unsecured Business Overdraft

Unsecured business overdraft from $2,000 to $200,000, applied for online through ANZ GoBiz, for short-term cash flow and working capital.

Amount
$2K to $200K
Term
Not published
Security
Unsecured
Rates and other criteria
Rate
16.20% p.a. variable
Repayments
Not published
Trading
6+ months trading under the current ABN/ACN
Source dated 25 Sept 2026
Details for ANZ GoBiz Unsecured Business Overdraft
Customer-owned bank

Great Southern Bank Business+ Unsecured Overdraft

Unsecured business overdraft with limits of $10,000 to $50,000, linked to a Business+ Account, with interest charged only on what you owe.

Amount
$10K to $50K
Term
Not published
Security
Unsecured
Rates and other criteria
Rate
11.70% p.a. to 21.70% p.a. variable
Repayments
Not published
Trading
1+ year trading
Source dated 25 Sept 2026
Details for Great Southern Bank Business+ Unsecured Overdraft
Major bank

Commonwealth Bank Business Overdraft

Business overdraft with unsecured limits up to $250,000 or property-secured limits from $2,000, with interest charged on the amount used.

Amount
From $2K
Term
Not published
Security
Varies
Rates and other criteria
Rate
From 8.75% p.a. variable
Repayments
Not published
Trading
Not published
Source dated 25 Sept 2026
Details for Commonwealth Bank Business Overdraft

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