Commercial Loan

 General Lending Rates

 Product Features

• Other Additional Information: Existing Westpac Equipment and Vehicle finance customers may qualify for fast approval.

• Relationship Management Additional Information: Subject to terms and conditions, relationship management is available for eligible customers.

• Other Additional Information: Equipment and Vehicle finance product - Goods Loan available with Minimum finance amount of $15,000 and terms from 1 to 7 years. Finance could be structured over the life expectancy of the asset.

• Other Additional Information: Get certainty with fixed interest rate on a goods loan.

• Other Additional Information: Negotiate flexible payment terms to suit your expected cash flow and budget - monthly, quarterly, half-yearly, annually or structured as negotiated

• Other Additional Information: Based on your choice of business finance option you could benefit from ongoing tax benefits

• Other Additional Information: Revolving limit is available

• Other Additional Information: Balloon payment for goods loan is available.

• Other Additional Information: With Goods Loan product you source and own the asset and we provide a loan secured by the asset. You own the asset and we hold it as security. The interest on the finance and depreciation of the asset are generally both tax deductible.

• Other Additional Information: Payments via Direct Debit or invoicing

• Other Additional Information: Enjoy 3 months before your first repayment?s due - For when you need time for your investment to generate returns. Suitable for periods of growth where investment is required, but returns may not be immediate.

• Other Additional Information: Receive approved funds within 1 business day - Faster funding to meet your business vehicle and equipment needs. Get a quote in minutes or enquire now to leave your details and receive a call back from a business lending specialist.

 Product Eligibility

• Business Additional Information: The business has been trading for 2 years or more and has a valid ABN and is registered for GST

• Other Additional Information: New customers who borrow up to $150k and existing customers who borrow up to $500k and must own residential property

• Other Additional Information: The vehicle or equipment is 5 years old or less

• Other Additional Information: Customers must have an acceptable credit history and must not have outstanding statutory payments

 Bank Fees and Charges

• Loan Establishment Fee (Upfront), Amount: 500.00. Additional Information: Charged to cover the costs of originating your Goods Loan, Hire Purchase or Lease and payable by you on or before the settlement date.

• Asset Inspection Fee (Event), Amount: 150.00.

• Legal Fees For Complex Documentation (Variable), Amount: Not Listed.. Additional Information: Where we require External Lawyers to document some or all of your contract documentation, we will advise you of this fee before proceeding. It will be payable on or before the settlement date.

• Early Termination (Event), Amount: 400.00. Additional Information: Applicable when you terminate your Goods Loan early.

• Break Costs (Variable), Amount: Not Listed.. Additional Information: Break costs are not a fixed amount and are determined by a number of factors specific to your product.

• Overdue Rate (Event), Amount: Not Listed.. Additional Information: This charge applies on overdue amount from the time it is due until it is paid.

• Personal Property Security Fees (Variable), Amount: Not Listed.. Additional Information: Personal Property Security Fees apply when search and registration fees are applicable. Where charged individually, these will be itemised on your Details and for the current costs, please refer to the PPS Registrar?s website

• Aircraft - International Registration (Upfront), Amount: 750.00. Additional Information: Applies for each registration of Security on the International Register and payable by you on or before the settlement date when this type of security is required for financed aircraft The AUD amount will be quoted to you as part of the settlement documentation where it applies. (I.e. Quote and Details)

• Aircraft - International Deregistration (Event), Amount: 450.00. Additional Information: Applies each time we are required to remove a security registration from the International Register and payable by you on or before the date of removal. The AUD amount will be quoted to you before being charged.

• Aircraft - Casa Transfer Of Ownership (Variable), Amount: Not Listed.. Additional Information: Applies each time there is/will be a transfer of ownership with the Civil Aviation Safety Authority (CASA) and payable by you on or before the date of transfer.

• Aircraft - Raa Transfer Of Ownership (Variable), Amount: Not Listed.. Additional Information: Applies for each registration of a marine vessel with the Australian Maritime Safety Authority and payable by you on or before the settlement date when this type of security is required

• Marine - Vessel Registration Less Than 24metres (Variable), Amount: Not Listed.. Additional Information: Applies for each registration of a marine vessel with the Australian Maritime Safety Authority and payable by you on or before the settlement date when this type of security is required

 Document Downloads

  fees-wbc.pdf (106 K)