WestpacCommercial Loan
The Westpac Equipment Finance Goods Loan finances the purchase of equipment and allows the customer to own the asset from the beginning of the term, without tying up valuable working capital.
At a glance
- Pricing
- Rates on application
- Loan size
- $15,000 to no maximum
- Upfront fee
- $500
Fees
12 fees published, grouped by when they're charged.
- When you take it outUp to $7506 fees, each listed below
- While you hold itNo fee published
- When you close it or pay it off$400Early Termination
When you take it out6
- Aircraft - CASA Transfer of Ownership
Applies each time there is/will be a transfer of ownership with the Civil Aviation Safety Authority (CASA) and payable by you on or before the date of transfer.
Varies - Aircraft - International Registration
Applies for each registration of Security on the International Register and payable by you on or before the settlement date when this type of security is required for financed aircraft The AUD amount…
$750 - Aircraft - RAA Transfer of Ownership
Applies each time there is/will be a transfer of ownership with the Recreational Aviation Authority (RAA) and payable by you on or before the date of transfer.
Varies - Legal Fees for Complex Documentation
Where we require External Lawyers to document some or all of your contract documentation, we will advise you of this fee before proceeding. It will be payable on or before the settlement date.
Varies - Loan Establishment Fee
Charged to cover the costs of originating your Goods Loan, Hire Purchase or Lease and payable by you on or before the settlement date.
$500 - Marine - Vessel Registration
Applies for each registration of a marine vessel with the Australian Maritime Safety Authority and payable by you on or before the settlement date when this type of security is required
Varies
If a payment is late or fails1
- Overdue Rate
This charge applies on overdue amount from the time it is due until it is paid.
0.00% of transaction 30 days after it's due
When particular things happen4
- Aircraft - International Deregistration
Applies each time we are required to remove a security registration from the International Register and payable by you on or before the date of removal. The AUD amount will be quoted to you before be…
$450 - Asset Inspection Fee$150
- Break Costs
Break costs are not a fixed amount and are determined by a number of factors specific to your product.
Varies - Personal Property Security Fees
Personal Property Security Fees apply when search and registration fees are applicable. Where charged individually, these will be itemised on your Details and for the current costs, please refer to t…
Varies
When you close it or pay it off1
- Early Termination
Applicable when you terminate your Goods Loan early.
$400
Features
- Existing Westpac Equipment and Vehicle finance customers may qualify for fast approval.
- Faster funding - Receive approved funds within 1 business day
- Get certainty with fixed interest rate on a goods loan.
- Flexible repayment options - Choose your loan term and repayment frequency
- Based on your choice of business finance option you could benefit from ongoing tax benefits
- Revolving limit is available
- Balloon payment for goods loan is available.
- With Goods Loan product you source and own the asset and we provide a loan secured by the asset. You own the asset and we hold it as security. The interest on the finance and depreciation of the asse…
- Payments via Direct Debit or invoicing
- Enjoy 3 months before your first repayment's due - For when you need time for your investment to generate returns. Suitable for periods of growth where investment is required, but returns may not be…
- Receive approved funds within 1 business day - Faster funding to meet your business vehicle and equipment needs for eligible customers and asset types. Get a quote in minutes or enquire now to leave…
- Looking to go green? Get up to 1% p.a. off your rate when financing an electric vehicle. Enquire now and learn more with a call back from a business lending specialist.
Eligibility and limits
- Available to businesses
- Amount from $15,000, no maximum
- The vehicle or equipment is 5 years old or less
- Covers new or used vehicles e.g. cars, vans, trucks
- Loan is secured by the business vehicle
- Minimum lease term 1 year
- Maximum lease term 7 years
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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.