Westpac
Commercial 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.
Business loansBank updated 6 Aug 2026
At a glance
- Pricing
- Rates on application
- Loan size
- $15,000 to no maximum
- Upfront fee
- $1,250
§ 02 — Fees · 12
| Fee | Type | Amount | When | Notes |
|---|---|---|---|---|
| Aircraft - International Deregistration | Event | $450 | — | 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… |
| Asset Inspection Fee | Event | $150 | — | — |
| Break Costs | Event | Varies | — | Break costs are not a fixed amount and are determined by a number of factors specific to your product. |
| Personal Property Security Fees | Event | Varies | — | 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… |
| Early Termination | Exit | $400 | — | Applicable when you terminate your Goods Loan early. |
| Overdue Rate | Late payment | 0.00% of transaction | — | This charge applies on overdue amount from the time it is due until it is paid. |
| Aircraft - CASA Transfer of Ownership | Upfront | Varies | — | 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. |
| Aircraft - International Registration | Upfront | $750 | — | 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… |
| Aircraft - RAA Transfer of Ownership | Upfront | Varies | — | 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. |
| Legal Fees for Complex Documentation | Upfront | Varies | — | 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. |
| Loan Establishment Fee | Upfront | $500 | — | Charged to cover the costs of originating your Goods Loan, Hire Purchase or Lease and payable by you on or before the settlement date. |
| Marine - Vessel Registration less than 24metres | Upfront | Varies | — | 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 |
§ 03 — Features
Relationship manager
- · 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.
§ 04 — Eligibility & limits
- · Available to businesses
- · Amount $15,000 to 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
§ 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.