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Westpac products offer a range of packages for different needs. Check out our range of products for an overview of interest rates, fees and more. Or you can compare with our product comparison tools.
Last updated 30 October 2024
Important disclosures
Important disclosures
Advertiser disclosure
This table shows a range of products, and we may receive payment if you use the links provided. It does not show all providers or all products from the providers. Mozo is paid a fee by the product issuer if you use a link on our site to go to their site from ours, make an inquiry, or you take out a product with them. 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. You do not pay any extra for using our service.
We also include the option to search all the products in our database, regardless of whether we have a commercial relationship with the providers of those products or not. While we pride ourselves on covering a wide range of products, we don't cover every product in the market.
Products are initially shown with ‘Promoted’ products at the top that we have chosen to advertise more prominently. The table beneath lists products that meet the information in the filter, sorted according to estimated repayments for loans, and interest rates for deposits. You can change the filter settings to see other products.
We provide only general advice
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 Product Disclosure Statement (PDS) or offer documentation, or seeking independent advice. It is also advised to review Target Market Determination(TMD) of products that you are considering. The TMD can be found on the provider's website.
Westpac business loans
Business Overdraft
Interest rate
Upfront fee
Funding speed
-
not disclosed
Varies
Link not supplied
Details Close
Interest rate
Upfront fee
not disclosed
Ongoing fees
not disclosed
Late payment fee
$0.00
Transaction fee
$10 ($50 for staff assisted withdrawals)
Early repayment penalty
not disclosed
Other fees
Loan type
Overdraft
Security type
Property Secured
Minimum loan amount
$20,000
Maximum loan amount
Minimum loan term
Maximum loan term
Funding speed
Varies
Application speed
Varies
Approval speed
Varies
Minimum trading period
Varies
Minimum annual turnover
Varies
Exit fee
not disclosed
Repayment frequency
n/a
Repayment types
n/a
Card access
yes
Redraw allowed
n/a
Extra repayments allowed
n/a
Other benefits
Pay no upfront fee when you add an overdraft to a business transaction account and are approved by 31 Dec 24. Loan to value ratios of up to 100% residential property or 80% for commercial property for secured loans up to $3 million available.
Other restrictions
-
Unsecured Business Overdraft
Interest rate
Upfront fee
Funding speed
13.71
$250
Varies
Link not supplied
Details Close
Interest rate
13.71
Upfront fee
$250
Ongoing fees
1.50% of total limit monthly line fee
Late payment fee
$0.00
Transaction fee
$10 ($50 for staff assisted withdrawals)
Early repayment penalty
Other fees
Loan type
Overdraft
Security type
Unsecured
Minimum loan amount
$5,000
Maximum loan amount
$250,000
Minimum loan term
Maximum loan term
Funding speed
Varies
Application speed
Varies
Approval speed
Varies
Minimum trading period
1 year
Minimum annual turnover
$75,000
Exit fee
-
Repayment frequency
n/a
Repayment types
Principal & Interest
Card access
yes
Redraw allowed
n/a
Extra repayments allowed
yes
Other benefits
Pay no upfront fee when you add an overdraft to a business transaction account and are approved by 31 Dec 24.
Other restrictions
Must be linked to a Westpac business transaction account
Fixed Rate Unsecured Business Loan
Interest rate
Upfront fee
Funding speed
-
On application
Varies
Link not supplied
Details Close
Interest rate
Upfront fee
On application
Ongoing fees
$0
Late payment fee
$0.00
Transaction fee
$10 ($50 for staff assisted withdrawals)
Early repayment penalty
not disclosed
Other fees
Loan type
Loan
Security type
Unsecured
Minimum loan amount
$5,000
Maximum loan amount
$250,000
Minimum loan term
Maximum loan term
Funding speed
Varies
Application speed
Varies
Approval speed
Varies
Minimum trading period
Varies
Minimum annual turnover
Varies
Exit fee
not disclosed
Repayment frequency
-
Repayment types
Principal & Interest
Card access
no
Redraw allowed
yes
Extra repayments allowed
yes
Other benefits
LVRs available of up to 100% residential property or 80% owner-occupied non-specialised commercial property for secured loans up to $3 million.
Other restrictions
Eligible Westpac customers only. Annual turnover less than $50m.
Secured Business Loan
Interest rate
Upfront fee
Funding speed
-
On application
Varies
Link not supplied
Details Close
Interest rate
Upfront fee
On application
Ongoing fees
$15
Late payment fee
$0.00
Transaction fee
$10 ($50 for staff assisted withdrawals)
Early repayment penalty
not disclosed
Other fees
Loan type
Loan
Security type
Property Secured
Minimum loan amount
$10,000
Maximum loan amount
$5,000,000
Minimum loan term
Maximum loan term
Funding speed
Varies
Application speed
Varies
Approval speed
Varies
Minimum trading period
Varies
Minimum annual turnover
Varies
Exit fee
not disclosed
Repayment frequency
-
Repayment types
Principal & Interest, Interest Only
Card access
no
Redraw allowed
yes
Extra repayments allowed
yes
Other benefits
LVRs available of up to 100% residential property or 80% owner-occupied non-specialised commercial property for secured loans up to $3 million.
Other restrictions
Eligible Westpac customers only. Annual turnover less than $50m.
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Join the 35K+ subscribers who receive our weekly Moneyzone newsletter, showcasing the latest rate movements, exclusive deals, money-saving hacks, and expert insights from Mozo.
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.
Disclaimer
Who we are and how we get paid
Our goal at Mozo is to help you make smart financial decisions and our award-winning comparison tools and services are provided free of charge. As a marketplace business, we do earn money from advertising and this page features products with Go To Site links and/or other paid links where the provider pays us a fee if you go to their site from ours, or you take out a product with them. You do not pay any extra for using our service.
We are proud of the tools and information we provide and unlike some other comparison sites, we also include the option to search all the products in our database, regardless of whether we have a commercial relationship with the providers of those products or not.
'Sponsored', 'Hot deal' and 'Featured Product' labels denote products where the provider has paid to advertise more prominently.
'Mozo sort order' refers to the initial sort order and is not intended in any way to imply that particular products are better than others. You can easily change the sort order of the products displayed on the page.
Important information on terms, conditions and sub-limits
Terms, conditions, exclusions, limits and sub-limits may apply to any of the insurance products shown on the Mozo website. These terms, conditions, exclusions, limits and sub-limits could affect the level of benefits and cover available under any of the insurance products shown on the Mozo website. Please refer to the relevant Product Disclosure Statement and the Target Market Determination on the provider's website for further information before making any decisions about an insurance product.