Bank Bill Business Loan
For business loans from $250K with cash flow-friendly repayment options to help assist with acquisitions, capital investment or refinancing.
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, interest & fees and interest-only options.
Is a Bank Bill Business Loan the right fit?
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.
Interest rates for Bank Bill Business Loans are personalised, taking into consideration many factors that may include but are not limited to:
- Amount financed (minimum $250K)
- Finance term (30 days to 30 years)
- BBSY rate at time of quote.
Ready to get started?
Give us a call
Call 8:30am-6pm, Mon-Fri (Sydney time) to discuss your needs.
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.
We offer a package solution, Fixed Rate and various other flexible solutions such as Interest Rate Swaps and Interest Cap/Collar.
Frequently asked questions
The rate is published daily and can be found on the Thomson Reuters website.
Cash, commercial property, residential property, or business assets are typically used to secure the loan. To discuss any other security types, please contact us on 132 142 8:30am-6pm, Mon-Fri (Sydney time) to speak to us today.
You can view the details about your loan on Westpac Online Business Banking and Westpac Corporate Online, such as:
- Account number and BSB
- Current interest rate
- Current balance
- Available funds
- Repayment date, amount and cycle
- Loan term, loan start and end date.
No. The rollover refers to the rate reset period for your loan. You can choose a rollover period between 30 to 180 days, which will be documented in your contract. The loan will then automatically roll over based on the agreed period, and the interest rate will update based on the current BBSY each rollover. The rollovers will occur throughout the loan term.
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Things you should know
Credit criteria, fees, charges, terms and conditions apply. Talk to your banker for product details.