WestpacSecured Business Loan
Flexible loan solutions and competitive interest rates for businesses big and small.
At a glance
- Variable
- 8.16%
- Loan size
- $10,000 to no maximum
- Monthly fee
- $14
How it compares
This business loan in ink, against the best that every other institution publishes for anyone to apply for. Each figure is counted the same way for all of them.
Lowest advertised rate, fixed or variable, leaving out SMSF loans; secured loans usually price lower. One dot per institution, at its lowest business loan rate anyone can apply for; hover or tap a dot for its name.
Lowest advertised rate, fixed or variable, leaving out SMSF loans; secured loans usually price lower. One dot per institution, at its lowest business loan rate anyone can apply for; hover or tap a dot for its name.
| Rate | This business loan | Best anywhere | Typical institution | Where it sits |
|---|---|---|---|---|
| Business loanLowest advertised rate, fixed or variable, leaving out SMSF loans; secured loans usually price lower | 8.16% | 6.33%SCCU's BUSINESS LOAN | 7.89%of 47 institutions | 33rd lowest of 47 |
| Business loanLowest advertised rate, fixed or variable, leaving out SMSF loans; secured loans usually price lower | 8.16% | 6.33%SCCU's BUSINESS LOAN | 7.89%of 47 institutions | 33rd lowest of 47 |
Rates
Every rate Westpac publishes for this business loan, 2 in all.
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| VariableBase Rate, a Margin may apply. Apply to swap between interest only or principal, interest & fees repayments | Interest only | - | - | 8.16% | - | - |
| VariableBase Rate, a Margin may apply. Apply to swap between interest only or principal, interest & fees repayments | P&I | - | - | 8.16% | - | - |
Rate changes
One change logged, newest first.
| Date | Rate | Was | Now | Change |
|---|---|---|---|---|
| 9 Oct 2026 | Variable, P&I | 7.91% | 8.16% | up 0.25 |
Each change is logged the night it appears in the rates Westpac publishes. See how every lender answered the RBA on the rate tracker.
Fees
3 fees published, grouped by when they're charged.
- When you take it out0.60% of balanceEstablishment Fee
- While you hold itUp to $142 fees, each listed below
- When you close it or pay it offNo fee published
When you take it out1
- Establishment Fee0.60% of balance
While you hold it2
- Loan Service Fee$14 a month
- Monthly Line Fee1.00% of balance a month
Features
- 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…
Eligibility and limits
- Minimum age 18
- Amount from $10,000, 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
- 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.
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Published by Westpac under the Consumer Data Right, last changed by them on 13 Oct 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.