The Finance Algorithm
Westpac

Bank Bill Business Loan

For business loans from $250K with cash flow-friendly repayment options to help assist with acquisitions, capital investment or refinancing.

Business loansRates on applicationBank updated 6 Aug 2026
At a glance
Pricing
Rates on application
Loan size
$250,000 to no maximum
Monthly fee
$40
§ 02 — Fees · 5
FeeTypeAmountWhenNotes
Break Cost fee (Prepayment Fee)EventVariesOnly applicable to FIXED RATE LOANS. Calculated at the time of prepayment.
Discharge FeeExit$350Payable when we agree to discharge a security linked to the facility. Payable per LTO security.
Line FeePeriodicVariesEvery 1 moNegotiable % p.a. charged monthly in advance from the first business day of the first full month after the loan is established, and depends on the facility limit.
Loan Service FeePeriodic$40Every 1 mo
Lending Establishment FeeUpfrontVaries0.6% of the facility limit with a minimum of $600
§ 03 — Features
Extra repaymentsDigital bankingRelationship manager
  • · Interest rates linked to the bank bill swap rate
  • · Multiple rollover options: Select a rollover period every 30, 60, 90, 120, 150 or 180 days.
  • · Short and long loan terms: Loan terms available from 30 days up to 30 years
  • · Market-linked rates: Choose from a variable or fixed interest rate.
  • · Flexible repayment types: Including principal, interest & fees and interest-only options.
  • · Westpac Bank Bill Business Loan rates are available on application. Margins may apply.
  • · Lending establishment, service and other fees apply. Credit criteria, fees, charges, terms and conditions apply. Talk to your banker for product details.
§ 04 — Eligibility & limits
  • · Minimum age 18
  • · Amount $250,000 to no maximum
  • · Be a business entity or an individual 18 years and above, domiciled in Australia and require the funding wholly or predominantly for business purposes
  • · Meets the credit criteria and credit policy requirements under an applicable offer for this product.

Published by Westpac under the Consumer Data Right, last changed by them on 6 Aug 2026. Figures are shown as the institution publishes them and can change without notice; confirm on their site before applying. The Finance Algorithm earns nothing from any product listed here.