Westpac business loans

3.0
Based on 1 Westpac business loan product review.
Fact Checked
Last updated

Westpac is one of Australia's Big Four banks and the country's oldest banking institution, established in 1817. As a leading financial services provider, Westpac serves millions of customers through its network of branches and digital platforms, offering banking, wealth management, and insurance services to both personal and business customers across Australia.

Mozo may receive payment if you click products on our site. We don’t compare the entire market, but you can compare more bank business loans here.
Last updated 12 April 2025 Important disclosures

Westpac business loans

  • Business Overdraft

    Interest rate
    Upfront fee
    Funding speed
    -
    not disclosed
    Varies
    No Partner link
    Details
  • Unsecured Business Overdraft

    Interest rate
    Upfront fee
    Funding speed
    13.46
    $250
    Varies
    No Partner link
    Details
  • Fixed Rate Unsecured Business Loan

    Interest rate
    Upfront fee
    Funding speed
    -
    On application
    Varies
    No Partner link
    Details
  • Secured Business Loan

    Interest rate
    Upfront fee
    Funding speed
    -
    On application
    Varies
    No Partner link
    Details

Get the latest news and product updates.

Westpac products

Business loan quick links

FAQs

How do I apply for a Westpac unsecured business loan?

You can apply online through Westpac's website. You'll need:

  • Valid ABN/ACN
  • GST registration
  • Business financial information
  • ATO payment status
  • Details of any existing business lending.
What can I use a Westpac unsecured business loan for?

You can use the loan for working capital, equipment upgrades, inventory purchases, marketing, hiring staff, or relocating premises. The loan also covers invoice financing. However, it cannot be used to start a business, fund property development, or purchase residential property.

What are the minimum requirements for a Westpac unsecured business loan?

To qualify, you must:

  • Have operated for at least 12 months under your current ABN/ACN
  • Have an annual turnover of at least $75,000
  • Be registered for GST
  • Have all ATO payments and employee entitlements up to date
  • Have less than $1.5m in business lending with Westpac
  • Not be a franchisee, SMSF, or charity.

Mozo provides general product information. We don't consider your personal objectives, financial situation or needs and we aren't recommending any specific product to you. You should make your own decision after reading the PDS or offer documentation, or seeking independent advice.

While we pride ourselves on covering a wide range of products, we don't cover every product in the market. If you decide to apply for a product through our website, you will be dealing directly with the provider of that product and not with Mozo.