Westpac Business Loan

Rates

• Rate type

  variable/fixed

• Variable rate

  6.57% p.a.Business Development Rate

• Fixed 1 year rate

  5.30% p.a.

• Fixed 2 year rate

  5.40% p.a.

• Fixed 3 year rate

  5.40% p.a.

• Fixed 4 year rate

  5.54% p.a.

• Fixed 5 year rate

  5.62% 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.