Westpac offer Product Cash-based variable interest rate Business Loans
Limit Up to $3,000,000
Term 3 to 5 years
Customers New and existing customers
Fees $0 establishment fees
Rates Variable interest rate from 2.68% p.a.
Loan purpose Various business purposes including funding business expansion, capital investment, property investment and/or property acquisition
Security Directors Guarantees, GSA/SSA/other supporting security as required
Businesses must meet the following criteria to be eligible for the offer: Have an annual turnover of less than $250 million Have a valid ABN Be trading for more than 12 months and be a tax resident of Australia (based, registered, and operating in Australia)
Applications must be approved by 30 June 2021, with settlement by 31 August 2021. The offer is also available to deals currently in the pipeline for approval.
Terms Rate p.a.
3 to 5 Year Fully Secured Variable 2.68%
3 to 5 Year Partially Secured Variable 3.08%
3 to 5 Year Fully Secured Variable 2.99%
3 to 5 Year Partially Secured Variable 3.69%
Things you should know.
Applications for finance are subject to the Bank's normal lending criteria. Credit criteria, terms and conditions, fees and charges apply.
1. Other fees and charges apply.
2. Rates vary depending on a number of factors, such as type of security provided and borrower industry.
3. Unless our credit approval conditions require a shorter term