Westpac
Unsecured Business Overdraft
Now it's quick and easy to apply for unsecured funds to expand your business.
OverdraftsBank updated 19 Aug 2026
At a glance
- Variable
- 13.71%
- Loan size
- $5,000 to $250,000
- Upfront fee
- $250
§ 01 — Rates · 1
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| Variable | — | — | — | 13.71% | — | — |
§ 02 — Fees · 2
| Fee | Type | Amount | When | Notes |
|---|---|---|---|---|
| Monthly Line Fee | Periodic | 1.50% of balance | Every 1 mo | Monthly Line Fee: 1.50% p.a. (of total limit) charged at the beginning of the month. Other fees may apply. |
| Lending Establishment Fee | Upfront | $250 | — | This fee is waived for new customers |
§ 03 — Features
Extra repaymentsRelationship manager
- · Special offer: $0 establishment fee for a limited time, you?ll pay $0 establishment fee when you add a Business Overdraft to a business transaction account or top-up your existing Business Overdraft.…
- · No security - There?s no need to use assets to secure the loan.
- · Pay for what you use - Only pay interest on the overdraft amount you use.
- · Quick access - Overdraft limit of up to $250k for when you need it.
- · Flexible repayments - No fixed time frames or need for regular repayments.
§ 04 — Eligibility & limits
- · Minimum age 18
- · Residency: Domiciled in Australia
- · Available to businesses
- · Amount $5,000 to $250,000
- · Meet the credit criteria and credit policy requirements under an applicable offer for this product.
- · Hold a Westpac business transaction account in the same name that you will use to apply
- · Have less than $1.5m in business lending with Westpac
- · Have ATO payments, loan repayments and employee entitlements (including super) up to date
- · Not foresee a decline in business revenue that would affect the payment of business liabilities
- · Not be a franchisee, SMSF or charity
- · Tell Westpac about all your accounts and liabilities, so we have a complete and accurate view of your business's financial position
- · In the past 30 days, have not taken up any additional business lending with any financial institution. The overdraft will be used for business purposes only and will not be used to refinance any othe…
- · Not use the overdraft 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 19 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.