WestpacUnsecured Business Loan
Find out how you could get an unsecured loan for up to $250k to grow your business without using assets to secure the loan
At a glance
- Fixed
- 14.15%
- Loan size
- $5,000 to $250,000
- Upfront fee
- $250
- Monthly fee
- $0
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 | 14.15% | 6.33%SCCU's BUSINESS LOAN | 7.89%of 47 institutions | 45th lowest of 47 |
| Business loanLowest advertised rate, fixed or variable, leaving out SMSF loans; secured loans usually price lower | 14.15% | 6.33%SCCU's BUSINESS LOAN | 7.89%of 47 institutions | 45th lowest of 47 |
Rates
Every rate Westpac publishes for this business loan, 5 in all.
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| Fixed | P&I | 1 yr fixed | - | 14.15% | - | - |
| Fixed | P&I | 2 yrs fixed | - | 14.20% | - | - |
| Fixed | P&I | 3 yrs fixed | - | 14.25% | - | - |
| Fixed | P&I | 4 yrs fixed | - | 14.35% | - | - |
| Fixed | P&I | 5 yrs fixed | - | 14.40% | - | - |
Rate changes
5 changes logged, newest first.
| Date | Rate | Was | Now | Change |
|---|---|---|---|---|
| 2 Oct 2026 | Fixed, P&I, 1 yr fixed | 13.70% | 14.15% | up 0.45 |
| 2 Oct 2026 | Fixed, P&I, 2 yrs fixed | 13.85% | 14.20% | up 0.35 |
| 2 Oct 2026 | Fixed, P&I, 3 yrs fixed | 13.95% | 14.25% | up 0.30 |
| 2 Oct 2026 | Fixed, P&I, 4 yrs fixed | 14.10% | 14.35% | up 0.25 |
| 2 Oct 2026 | Fixed, P&I, 5 yrs fixed | 14.15% | 14.40% | 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
2 fees published, grouped by when they're charged.
- When you take it out$250Establishment Fee
- While you hold itNo feeMonthly Fee
- When you close it or pay it offNo fee published
When you take it out1
- Establishment Fee$250
While you hold it1
- Monthly FeeNo fee
Features
- No loan security - There's no need to use personal or business assets like property, vehicles or inventory.
- Simple process - Access funds for your business needs, with a maximum loan amount of up to $250k.
- Flexible repayments - You choose the repayment frequency and the loan term from 1 to 5 years.
- Repayment certainty - With no monthly fees and a fixed rate, you'll know what you're paying each month.
- What you could use an Unsecured Business Loan for- Improve business cash flow or working capital. Inventory purchase, invoice financing or equipment upgrades. Marketing to grow your business profile.…
Eligibility and limits
- Minimum age 18
- Available to businesses
- Amount $5,000 to $250,000
- Be a business entity or an individual 18 years and above, domiciled in Australia
- Meet the credit criteria and credit policy requirements under an applicable offer for this product.
- Not be a franchisee, SMSF or charity
- Not use the loan to start a business, fund a property development or to purchase residential property.
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Published by Westpac under the Consumer Data Right, last changed by them on 28 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.