Westpac
Secured Business Loan
Flexible loan solutions and competitive interest rates for businesses big and small.
Business loansBank updated 6 Aug 2026
At a glance
- Variable
- 7.91%
- Loan size
- $10,000 to no maximum
- Monthly fee
- $14
§ 01 — Rates · 1
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| VariableBase Rate, a Margin may apply | P&I | — | — | 7.91% | — | — |
§ 02 — Fees · 3
| Fee | Type | Amount | When | Notes |
|---|---|---|---|---|
| Loan Service Fee | Periodic | $14 | Every 1 mo | — |
| Monthly Line Fee | Periodic | 1.00% of balance | Every 1 mo | — |
| Establishment Fee | Upfront | 0.60% of balance | — | — |
§ 03 — Features
RedrawExtra repaymentsDigital bankingRelationship manager
- · A dedicated team to help you switch business banks
- · With a Westpac business loan you can choose between a fixed or variable rate and select a frequency of repayments that works best for you - such as monthly, quarterly or yearly. The repayment amount…
- · Choose your repayment frequency : Tailor how often you want to repay based on your cash flow.
- · Flexible loan options: Make extra repayments on your variable rate business loan to reduce interest and redraw funds when you need them.
- · You have option to fix a rate for up to 5 years. This provides certainty in knowing what you're up for with each repayment. During the fixed rate period there will be no movement in the interest rate…
- · Rather than choosing one or the other, you can fix part of your loan - and keep the other part variable.
- · Loan to value ratio 100%. Footnote: Loans only available for purchase of owner-occupied non-specialised commercial property or business expansion.
- · The term of your Business Loan will vary depending on security offered (you may swap if your situation changes) : Loan term up to 30 years when residential property used as security. Loan term up to…
- · Loan amount of up to $3m per customer, with a maximum of $3m in exposure across customer group facilities. Businesses must be operating and profitable for at least two years. Loans only available for…
§ 04 — Eligibility & limits
- · Minimum age 18
- · Amount $10,000 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
- · Banking and borrowing history - existing bank accounts and lending products must be within their approved limits
- · Credit history - all borrowers, owners, directors and guarantors must have clear credit records. All statutory payments and ATO liabilities need to be up to date and not under arrangement
- · Domicile : Your business must be registered in Australia.
- · Security : Business loans would require security in the form of residential property, commercial property, or other types of security. A guarantee will also be required by company directors for corpo…
- · Meets the credit criteria and credit policy requirements under an applicable offer for this product.
§ 06 — Run the numbers
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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.