Westpac
Unsecured 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
Business loansBank updated 6 Aug 2026
At a glance
- Fixed
- 13.70%
- Loan size
- $5,000 to $250,000
- Upfront fee
- $250
- Monthly fee
- $0
§ 01 — Rates · 5
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| Fixed | P&I | 1 yr fixed | — | 13.70% | — | — |
| Fixed | P&I | 2 yrs fixed | — | 13.85% | — | — |
| Fixed | P&I | 3 yrs fixed | — | 13.95% | — | — |
| Fixed | P&I | 4 yrs fixed | — | 14.10% | — | — |
| Fixed | P&I | 5 yrs fixed | — | 14.15% | — | — |
§ 02 — Fees · 2
| Fee | Type | Amount | When | Notes |
|---|---|---|---|---|
| Monthly Fee | Periodic | No fee | Every 1 mo | — |
| Establishment Fee | Upfront | $250 | — | — |
§ 03 — Features
Extra repaymentsDigital bankingRelationship manager
- · 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.…
§ 04 — Eligibility & 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.
§ 06 — Run the numbers
Put this product through a calculator
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.