Westpac Unsecured Business Overdraft

Unsecured business overdraft of $5,000 to $250,000 with a variable rate and a fee on the total limit.

From lender's website, 25 Sept 2026

Product details

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

Loan amount: $5K to $250K
Rate: 13.71% p.a. variableShown on the product page on 2026-09-25; no as-at date shown.
Rate type: Variable
Term: Not published
Security: Unsecured
Structure: Overdraft
Fees: Monthly fee of 1.50% 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)
Repayment frequency: Not published
Early repayment: Not published
Time trading: 12+ months trading
Turnover: $75K+ annual turnover
Documents: Not published
Guarantees: Director's guarantee may be required
Funding time: Not published
Restrictions: GST registered; under $1.5m in business lending with Westpac; ATO payments, loan repayments and employee entitlements up to date; must hold a Westpac business transaction account in the same name as the applicant.
How to apply: Direct with the lender, or through us
Suitable purposes: Cash flow

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.
Eligibility.: Meeting published criteria does not guarantee approval. Lenders also consider credit history, conduct of accounts, industry, security and the purpose of the loan.
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