Secured Business Loan

Make your business plans happen with a Westpac business loan.

Interest Rates

Type	Rate	Comparison	Applies To
Variable Base Rate, a Margin may apply	7.91%	—	—

Fee	Type	Amount
Establishment Fee	Upfront	0.6% of balance
Monthly Line Fee Charged monthly	Ongoing	1% of balance
Loan Service Fee Charged monthly	Ongoing	$14.00

With a Westpac business loan you can choose between a fixed or variable rate and select a frequency of repayments that works best for you - such as monthly, quarterly or yearly. The repayment amount is typically worked out over 1 to 30 years and you can use different types of security - such as cash, residential property, commercial property or business assets to secure your loan.
You have option of a fixed rate with certainty of repayments or a variable rate with flexibility to make extra repayments
With variable rate, you can make extra payments, which could reduce interest paid over the life of the loan. There is also option to swap between interest only or principal and interest repayments. Redraw allows you to make extra payments and access these funds later.
You have option to fix a rate for up to 5 years. This provides certainty in knowing what you're up for with each repayment. During the fixed rate period there will be no movement in the interest rate or the repayment amount for the term of the agreement. Fees and charges may be payable if you repay the loan early.
Rather than choosing one or the other, you can fix part of your loan - and keep the other part variable.

Minimum age — 18 yearsAn individual 18 years and above
Be a business entity or an individual 18 years and above, domiciled in Australia and require the funding wholly or predominantly for business purposes
Banking and borrowing history - existing bank accounts and lending products must be within their approved limits
Credit history - all borrowers, owners, directors and guarantors must have clear credit records. All statutory payments and ATO liabilities need to be up to date and not under arrangement
Domicile : Your business must be registered in Australia.
Security : Business loans would require security in the form of residential property, commercial property, or other types of security. A guarantee will also be required by company directors for corporate borrowers.
Meets the credit criteria and credit policy requirements under an applicable offer for this product.

Published by Westpac under the Consumer Data Right · Last updated 8 July 2026 · Product ID SecuredBusinessLoan · View on CDR.gov.au