Unsecured Business Overdraft

 General Lending Rates

 Product Features

• Other Additional Information: Special offer: $0 establishment fee for a limited time, you?ll pay $0 establishment fee when you add a Business Overdraft to a business transaction account or top-up your existing Business Overdraft. This could save you up to $1,500 on a new overdraft limit of $250,000, or $750 on an overdraft top-up of $250,000. Offer is available for applications received and approved between 7 April 2026 and 30 Sep 2026. New limit or Top-up of up to $1m.

• Other Additional Information: No security - There?s no need to use assets to secure the loan.

• Other Additional Information: Pay for what you use - Only pay interest on the overdraft amount you use.

• Other Additional Information: Quick access - Overdraft limit of up to $250k for when you need it.

• Other Additional Information: Flexible repayments - No fixed time frames or need for regular repayments.

• Extra Repayments Additional Information: Subject to terms and conditions, this product includes extra repayment features.

• Relationship Management Additional Information: Relationship management is available for eligible customers.

 Product Eligibility

• Other Additional Information: If you're a Westpac customer with conditional approval, applying is simple. All you need to do is sign into Online Banking.If you are not sure about conditional approval, please sign into Online Banking and check the Overview tab or the business products menu. If you have conditional approval, it will be shown there.

• Min Turnover - 75000.00. Additional Information: Registered for GST with a turnover over $75,000 per annum

• Other Additional Information: Traded for at least 12 months with a valid ABN or ACN

• Other Additional Information: Be a business entity or an individual 18 years and above, domiciled in Australia; and require the funding wholly or predominantly for business purposes

• Other Additional Information: Requires a Westpac business transaction account in the same name that you will use to apply

• Other Additional Information: Operating as a sole trader or a sole director company (where the sole director is also the sole company secretary). For company borrowers, the sole director must supply a director's guarantee

• Other Additional Information: All your ATO payments, loan repayments and employee entitlements (incl. super) are up to date.

• Other Additional Information: Your business has less than $1.5m in existing business lending with Westpac

• Other Additional Information: Customer is an existing business customer.

• Other Additional Information: If you're a Westpac customer without conditional approval, you can still apply online if you meet the below requirements. You'll need to: Be able to sign into Westpac Online Banking. Also have a business account with ANZ, Bank of Melbourne, BankSA, Bankwest, Commonwealth Bank, NAB or St.George and use Online Banking . Connect your Xero cloud accounting software.If you are not sure about conditional approval, please sign into Online Banking and check the Overview tab or the business products menu. If you have conditional approval, it will be shown there.

• Other Additional Information: Your business must not foresee a decline in business revenue that would affect the payment of business liabilities

• Other Additional Information: Your business must not be a franchisee, SMSF or charity

• Other Additional Information: Your business must tell Westpac about all your accounts and liabilities, so we have a complete and accurate view of your business's financial position

• Other Additional Information: Your business must have conditional approval available for the business

• Other Additional Information: Your business must in the past 30 days, have not taken up any additional business lending with any financial institution. The overdraft will be used for business purposes only and will not be used to refinance any other lending

• Other Additional Information: Your business must not use the overdraft to start a business, fund a property development or to purchase residential property.

• Other Additional Information: Meets the credit criteria and credit policy requirements under an applicable offer for this product.

 Bank Fees and Charges

• Monthly Line Fee (Periodic), Amount: Not Listed.. Additional Information: Monthly Line Fee: 1.50% p.a. (of total limit) charged at the beginning of the month. Other fees may apply.

• Lending Establishment Fee (Upfront), Amount: 250.00.

 Limitations & Restrictions (Constraints)

• Min Limit of 5000.00

• Max Limit of 250000.00