Bank Bill Business Loan

For business loans from $250K with cash flow-friendly repayment options to help assist with acquisitions, capital investment or refinancing.
Call 132 142

What’s a Bank Bill Business Loan?

Also known as a Commercial Rate or a Market Rate loan, a Bank Bill Business Loan (BBBL) is a term loan based on the Bank Bill Swap rate (BBSY).

Our most flexible business loan starting from $250K

Short and long loan terms 

Loan terms available from 30 days up to 30 years.

Multiple rollover options

Select a rollover period every 30, 60, 90, 120, 150 or 180 days.

Market-linked rates

Choose from a variable or fixed interest rate.

Flexible repayment types

Including Principal and Interest and Interest Only options.

Is a Bank Bill Business Loan the right fit?

Designed for B2B industries

Medium to large businesses who understand market rate risks, operating in industries, including:

  • Property
  • Agribusiness
  • Entertainment
  • Wholesale and Retail
  • Healthcare

 

Supported by specialist relationship managers, locally based in metropolitan and regional centres throughout Australia.

Eligibility criteria

You must:
  • be a business entity or an individual 18 years and above, domiciled in Australia; and
  • require the funding for business or investment purposes other than investment in residential property; and
  • meet the credit criteria and credit policy requirements under an applicable offer for this product. 

How to apply

Give us a call on 132 142 to chat to us today.

As part of the application process, you may need to:

  • complete an application form and consents
  • provide financial information about your business
  • provide proof of identification.

Loan security

The loan can be secured by cash, commercial or residential property. For other forms of business assets and security options, please contact us.

Loan fees and rates

Bank Bill Business Loan fees include:

  • Establishment fee (as a percentage of the facility limit with a minimum fee of $600)
  • Line fee (as a percentage of the facility limit)
  • Service fee of $40 per month

Other fees including event-based fees may apply as outlined in the Loan Offer.

Ready to get started?

Give us a call

Call 8:30am-6pm, Mon-Fri (Sydney time) to discuss your needs.

 

Call 132 142

Interest Rate Risk Management (IRRM)

Westpac's IRRM team tailors solutions to suit your specific strategy, hedging objectives, and business cash flow requirements. We provide product information and guidance on IRRM products, market information, economic data and forecasting, and indicative pricing.

Frequently asked questions

The rate is published daily and can be found on the Thomson Reuters website.

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Industry specific banking

Give us a call

132 142

8:30am - 6pm, Mon - Fri
(Sydney time)

Things you should know

Credit criteria, fees, charges, terms and conditions apply. Talk to your banker for product details.

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