Westpac Business Loan
Buying or expanding a new business;
buying an investment property; property
development; buying new plant and
equipment; refinancing an existing loan
Westpac Business Loans can be used for the following purposes
- Buying or expanding a new business
- Buying an investment property
- Property development
- Buying new plant and equipment
- Refinancing an existing loan
Loan Size
Minimum $20,000
No Maximum
Repayment Term
Upto 25 years for residential, 15 years for commercial and 10 years for interest only.
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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