The Finance Algorithm
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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
Product page ↗Fees and pricing ↗Terms ↗

At a glance

Pricing
Rates on application
Loan size
$250,000 to no maximum
Monthly fee
$40

Fees

5 fees published, grouped by when they're charged.

  1. When you take it outVariesLending Establishment Fee
  2. While you hold itUp to $402 fees, each listed below
  3. When you close it or pay it off$350Discharge Fee

When you take it out1

  • Lending Establishment Fee

    0.6% of the facility limit with a minimum of $600

    Varies

While you hold it2

  • Line Fee

    Negotiable % 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.

    Varies a month
  • Loan Service Fee
    $40 a month

When particular things happen1

  • Break Cost fee (Prepayment Fee)

    Only applicable to FIXED RATE LOANS. Calculated at the time of prepayment.

    Varies

When you close it or pay it off1

  • Discharge Fee

    Payable when we agree to discharge a security linked to the facility. Payable per LTO security.

    $350

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.

Eligibility and limits

  • Minimum age 18
  • Amount from $250,000, 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.