Rating based on 6 reviews


  • Business loans up to $1,000,000
  • Low-interest up to 5.46%
  • Repayment up to 30 years

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Author Westpac. Screenshot of Westpac website.
[Accessed May 2, 2023]

Westpac - they raise the bar on standards

Seeing that they are one of the oldest banks in New Zealand, it doesn’t come as a surprise why they are the most preferred among the rest.

They have ensured that they stay on top of their financial game from birth and they are still continuing by raising the bar at every chance that they get. Sustainability is a subject that is dear to their hearts. They are always willing to help the needy with initiatives that benefit every bit of good in others.

Banking and capital management services

They want their clients to bank in a manner that will not only suit their budget but suit their lifestyle. After all, they are not a bank that seeks to see customers in debt but rather they are looking forward to seeing customers have financial freedom.

To them, it is more valuable to teach them how to be debt free than it is to teach them how to get more business loans and unnecessary debt.

Their vision and strategy

Westpac is always looking forward to being the change that they want to see in others. They know that if they constantly help others by offering businesses, clients and the overall Australian community financial services that exceed everybody’s desires, they are well on their way.

Day by day, they are getting good reports from every Australian citizen they have helped because they now see the difference in their banking lifestyle and it is credit they wouldn’t have been able to achieve on their own.

Convenient finance for your business

Westpac offers a range of business loans that are available for every type of business need and expectation that needs to be satisfied by the entrepreneur.

The following business loans you might look into when you want a business credit advance:

  • Vehicle Finance: This type of business loan is available for businesses that don’t want to utilize the cash flow that they have to buy new assets for the organisation. There could be a number of reasons why you don’t want to use the money.
  • Business Loan: This is your regular type of loan and an entrepreneur could apply for this type of advance when you are looking into purchasing a new operation or want to advance your current enterprise.
  • Business Overdraft: Every business suffers from a shortage of cash and you might be looking into applying for a business overdraft to settle all your expenses so that the business’ daily operations are not put at risk.
  • Unsecured Business Overdraft: Entrepreneurs can apply for an additional 550k to use for business affairs. This money can come in handy for debts that need to be paid off so that the industry can remain secure.

Business loan application and approval

If you are interested in applying for a loan, you can enquire on their website and they will assist with the kind of financial plan you are looking for. Seeing that there are quite a few options available for the entrepreneur, you have a variety of options to choose from.

Westpac – Business loan

  • Loan Type Business loans
  • Interest Rate 5.46%
  • Loan Amount up to $1,000,000
  • Repayment 5 years to 30 years

Benefits of Westpac

  • Flexible interest rate options
  • Affordable business loans
  • Competitive deals on business finance

Business loan calculator

The interest rate of a loan will vary based on your credit score and risk profile.
This business loan calculator is for illustration purposes only.
The use of this loan calculator is subject to our terms of use.

Westpac - reliable business loans

There are certain requirements they look for before they grant a business an advance - be it a long or short-term loan. The most important condition they want to see is whether the operation has enough potential to make profits.

The reason they are looking for this criterion to be met is that the enterprise should be in a position of not being able to make enough capital, and the loan may not be able to get paid off. Therefore, they always check the credibility of the organisation before they can go ahead with the loan proceeds.

The money will be in your bank account

After they have accessed all the necessary documentation and they are pleased with everything that they see, the business loan will be approved, and the money will be sent into your nominal bank account. Depending on the time of the business loan approval, the money will reflect on the same business day or may take one business day to reflect on your bank account.

Westpac’s strong company values

  • Integrity: They are always looking to offer a service with the highest moral purity and not without deform. The last thing they want is to have their clients take them as a bank that is not honest and doesn’t have honest values.
  • Service: They find absolute joy in helping their clients with their everyday banking needs. Essentially, that is what they are here for. To deliver a great financial service.
  • One Team: Two hands are better than one. When they set their objectives, they set them with the notion that everybody is going to work collectively to reach a certain kind of goal. No matter how you look at it, teamwork is better than individual work.
  • Courage: Running an operation of this calibre is not the easiest task. It comes with challenges and often a lot of pressure. However, they are always one step ahead of the game and always striving to be better.
  • Achievement: At the end of the day, they just want to be the best in what they do, and they know that can only be attainable if they deliver an excellent financial service.
man holding thumbs up

Westpac is a trusted & reliable provider of business loans

In our review, Westpac adheres to the compliance criteria in accordance with the National Consumer Credit Protection Act 2009, where the granting the loan will not cause financial distress to the consumer.

✅ Westpac is a registered credit provider in Australia: ACL 233714

Customer Reviews & Testimonials

I was ecstatic when I was able to apply for my business loan online within minutes and had my approval shortly after. Not to mention I received the funds into my business account the same day! Th...

Sally S
— Perth —

Impressed that when I inquired about getting a business loan I was presented with the option of selecting a secured or unsecured loan and the repayment terms were tailored to my needs.

Peter H
— Darwin —

The online application and approval process is really expedited and just what I needed. Now my business can afford to purchase the latest equipment needed to ensure we stay up to date with the la...

Fagen H
— Newcastle —

Westpac Contact

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Opening Hours

  • Monday 09:30 – 16:00
  • Tuesday 09:30 – 16:00
  • Wednesday 09:30 – 16:00
  • Thursday 09:30 – 16:00
  • Friday 09:30 – 17:00
  • Saturday – Closed
  • Sunday – Closed