Westpac Bank Bill Business Loans

Posted on October 9, 2009, 5:04 am, by admin, under Westpac.

Westpac Bank Bill Business loans are bills with competitive rates that are reset at either 30,60,90, 120, 150 or 180 day periods

Purpose

Buying or expanding a new business;
buying an investment property; property
development; buying new plant and
equipment; refinancing an existing loan;
for those who want bill pricing on a term
loan
  • Buying or expanding a new business;
  • buying an investment property; property
  • development; buying new plant and
  • equipment; refinancing an existing loan;
  • for those who want bill pricing on a term loan

Loan Size

Minimum $250,000

No Maximum

Repayment Term

Upto 25 years for residential, 15 years for commercial and 10 years for other security.

Repayment Basis

  • Principal, interest and fees
  • Principal plus interest and fees
  • Interest only up to 25 years
  • Interest only in advance – fixed rate

Frequency

  • Monthly, Quarterly, Half yearly, Annually (principal only)
  • Scheduled months of March, June, Sept December for non monthly

Loan establishment fee

Yes $820 for Residential or $820 + 0.6% for amount over $100k for other

Contact Mike Nicholls on 0411 222 551 for your specific requirements.

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