Westpac Business Loan

Rates

Rate type
variable/fixed
Variable rate
6.43% p.a.Business Development Rate
Fixed 1 year rate
5.12% p.a.
Fixed 2 year rate
5.28% p.a.
Fixed 3 year rate
5.37% p.a.
Fixed 4 year rate
5.58% p.a.
Fixed 5 year rate
5.73% p.a.
Fixed 6 year rate
none
Fixed 7 year rate
none

Fees

Upfront fee
not disclosed
Ongoing fees
not disclosed
Late payment fee
$0.00
Exit fee
not disclosed
Early repayment penalty
not disclosed
Transaction fee
$10 ($50 for staff assisted withdrawals)

Features

Repayment frequency
none
Repayment types
Principal & Interest, Interest Only
Extra repayments allowed
yes
Redraw allowed
yes
Card access
no
Cheque access
no
Other benefits
none
Other restrictions
25 years for residential 15 for commercial or rural.

*Example cost figure provides indicative minimum total repayments over 6 months on a $10,000 loan. Actual costs will vary depending on individual risk score as assessed by the lender.

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Westpac Business Loan

Rates

Fees

Features

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