Unsecured Business Loan
Business LoansData Sharing Status
Find out how you could get an unsecured loan for up to $250k to grow your business without using assets to secure the loan
- From
- 13.7%
- Fixed
Interest Rates
| Type | Rate | Comparison | Applies To |
|---|---|---|---|
| Fixed · 1 year | 13.7% | — | — |
| Fixed · 2 years | 13.85% | — | — |
| Fixed · 3 years | 13.95% | — | — |
| Fixed · 4 years | 14.1% | — | — |
| Fixed · 5 years | 14.15% | — | — |
Fees
| Fee | Type | Amount |
|---|---|---|
| Establishment Fee | Upfront | $250.00 |
| Monthly Fee Charged monthly | Ongoing | $0.00 |
Features
- 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.
- Extra repayments
- Subject to terms and conditions, this product includes extra repayment features.
- Relationship management
- Relationship management is available for eligible customers.
- Digital banking
- With PayTo, you can see, review and authorise all new PayTo payments for things such as recurring bills, memberships and subscriptions before the money leaves your account.
Eligibility
- Minimum turnover — $75,000.00 p.a.
- Minimum age — 18 yearsAn individual 18 years and above
- Be a business entity or an individual 18 years and above, domiciled in Australia
- Business customersRequire the funding wholly or predominantly for business purposes
- Meet the credit criteria and credit policy requirements under an applicable offer for this product.
- Business customersHave traded for at least 12 months with a valid ABN or ACN�
- Business customersTurnover more than $75k annually and be registered for GST
- Business customersBe operating as a sole trader, partnership, trust or company (if the company is a sole director company, the sole director must also be the sole company secretary). Guarantees may be required
- Business customersHave less than $1.5m in business lending with Westpac
- Business customersHave ATO payments, loan repayments and employee entitlements (including super) up to date
- Business customersNot foresee a decline in business revenue that would affect the payment of business liabilities
- Not be a franchisee, SMSF or charity
- Business customersTell Westpac about all your accounts and liabilities, so we have a complete and accurate view of your business's financial position
More Information
Published by Westpac under the Consumer Data Right · Last updated 8 July 2026 · Product ID UnsecuredBusinessLoan · View on CDR.gov.au