The Finance Algorithm
Westpac

Insurance Premium Finance

Short-term finance to spread your yearly business insurance premiums across monthly instalments.

Business loansBank updated 13 Aug 2026
At a glance
Pricing
Rates on application
Loan size
$5,000 to no maximum
Upfront fee
$150
§ 02 — Fees · 1
FeeTypeAmountWhenNotes
Establishment FeeUpfront$150
§ 03 — Features
Extra repaymentsGuarantor optionRelationship manager
  • · Westpac Insurance Premium Finance gives you the ability to consolidate different business insurance premiums on the one finance contract
  • · Quick approval: You may qualify for fast approval on your application.
  • · Possible tax benefits: Monthly interest charges may be tax deductible.
  • · Business confidence: Get certainty with fixed monthly repayments
  • · Flexible and convenient: Choose the insurer1 and finance multiple policies at once.
  • · Flexible as can assist with Professional Indemnity, Workers Compensation, General Business Insurance, Motor Vehicle Fleet registrations and CTP.
§ 04 — Eligibility & limits
  • · Amount $5,000 to no maximum
  • · Insurance Premium Finance is available to businesses with annual insurance costs from single or multiple policies of over $5,000. If the amount to be funded is: Less than $350,000, in many cases, no…
  • · Insurance Premium Finance is available to businesses with annual insurance costs from single or multiple policies of over $5,000. If the amount to be funded is: Over $350,000 a directors' guarantee m…
  • · Only Australian or United Kingdom licensed insurers / underwriters are acceptable.

Published by Westpac under the Consumer Data Right, last changed by them on 13 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.