--- title: "Commercial Loan — Westpac" description: "Business Loans from Westpac. Rates, fees, features and eligibility as published under Australia's Consumer Data Right." canonical: https://www.cdrcompare.au/brands/westpac/products/WestpacCommercialLoan source: "CDR Compare" language: en-AU last_updated: 2026-07-15T04:40:16Z --- # Commercial Loan — Westpac > Business Loans from Westpac. Rates, fees, features and eligibility as published by the provider under Australia's Consumer Data Right, compared on CDR Compare. **Business Loans** 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. ## Fees | Fee | Type | Amount | | --- | --- | --- | | 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. | Upfront | $500.00 | | Asset Inspection Fee | Event | $150.00 | | 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. | Upfront | Variable | | Early Termination — Applicable when you terminate your Goods Loan early. | Exit | $400.00 | | Break Costs — Break costs are not a fixed amount and are determined by a number of factors specific to your product. | Event | Variable | | Overdue Rate — This charge applies on overdue amount from the time it is due until it is paid. | Late payment | 0% of transaction | | 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 the PPS Registrar?s website | Event | Variable | | 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 will be quoted to you as part of the settlement documentation where it applies. (I.e. Quote and Details) | Upfront | USD 750.00 | | 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 being charged. | Event | USD 450.00 | | 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. | Upfront | Variable | | 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. | Upfront | Variable | | Marine - Vessel Registration less than 24metres — 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 | Upfront | Variable | ## 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 asset are generally both tax deductible.** - **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 immediate.** - **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 your details and receive a callback from a business lending specialist.** - **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.** - **Competitive fees and rates - $0 monthly fees and rates tailored to your circumstances** - **Relationship management** (Subject to terms and conditions, relationship management is available for eligible customers.) ## Eligibility - **Business customers** (Be a tax resident of Australia: that is based, registered and operating in Australia ) - **Business customers** (Vehicle or equipment will be used fully or mostly for business purposes.) - **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** ## Constraints - **Minimum limit** — $15,000.00 - **Minimum lease term 1 year** - **Maximum lease term 7 years** ## More information from Westpac - [Overview](https://www.westpac.com.au/business-banking/loans-finance/vehicle-equipment-finance/) - [Terms & conditions](https://www.westpac.com.au/business-banking/loans-finance/vehicle-equipment-finance/) - [Eligibility](https://www.westpac.com.au/content/dam/public/wbc/documents/pdf/bb/fees_wbc.pdf) - [Fees & pricing](https://www.westpac.com.au/content/dam/public/wbc/documents/pdf/bb/fees_wbc.pdf) ## Data provenance - Published by Westpac under the Consumer Data Right - Product ID: `WestpacCommercialLoan` - Last updated by the provider: 15 July 2026 - Source payload (JSON): https://www.cdrcompare.au/api/raw/westpac/WestpacCommercialLoan - Provider page: https://www.cdrcompare.au/brands/westpac - CDR register entry: https://www.cdr.gov.au/find-a-provider?provider=000002 --- Source: [CDR Compare](https://www.cdrcompare.au/brands/westpac/products/WestpacCommercialLoan) — product data published by Australian data holders under the Consumer Data Right. 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