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Westpac

Westpac Unsecured Business Overdraft

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

Working Capital FinanceCashflow Loans
Source dated 25 Sept 2026
Amount
$5K to $250K
Term
Not published
Rate
13.71% p.a. variable
Security
Unsecured
Enquire about this product

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
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)
Time trading
12+ months trading
Turnover
$75K+ annual turnover
Guarantees
Director's guarantee may be required
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
Not published by Westpac
term, repayment frequency, early repayment, documents, funding time
Suitable purposes
Cash flow

About Unsecured Business Overdraft

Westpac publishes these details for Unsecured Business Overdraft: structure overdraft; loan amount $5K to $250K; security unsecured; time trading 12+ months trading; turnover $75K+ annual turnover; guarantees director's guarantee may be required. Not published by Westpac for this product: term, maximum LVR, documentation, 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 $5K to $250K 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; security is unsecured here and secured for Bank Bill Business Loan.
  • Business Car Loan: Structure is overdraft here and chattel mortgage for Business Car Loan; loan amount is $5K to $250K 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 unsecured 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 $5K to $250K 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 unsecured here and asset-backed for Business Equipment Loan.
  • Business Loan: Structure is overdraft here and term loan for Business Loan; loan amount is $5K to $250K here and from $10K for Business Loan; security is unsecured here and secured for Business Loan; Westpac publishes time trading (12+ months trading) for this product but not for Business Loan.

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