Business Equity Line

Be ready to fund new business opportunities when they come up with a flexible line of credit, available as and when you need.

Benefits

Take advantage of business opportunites

Ideal for large capital purchases and investments. Minimum loan amount $10,000. 1 Maximum loan amount subject to approval. Close

Immediate access to funds

You can redraw money online and make up to two free withdrawals per month. 2 For any other method of access, including over the counter, a $20 fee applies for each withdrawal outside of the two free withdrawals per month. Close

Repay as and when you need

Your repayments don't need to follow a regular schedule, so long as you stay within your agreed limit. 3 Repayments are not required until credit limit is fully drawn. The minimum payment amount is the interest only. Close

Rates and fees

Rates
Name Variable rate
Indicative variable rate 4
7.86% p.a.
Business Equity Line reference rate 8.71% p.a.
More

Rates are intended for new borrowings only and subject to change. A margin may apply to the above rates based on our full credit assessment of your loan application.

Fees
Name Fee
Limit establishment fee Available on application
Annual loan maintenance fee
$400 ?
Online withdrawals including direct debits and periodical payments
$0
Access fee (after two free withdrawals per month) $20 per withdrawal  5
More

Details of other fees that may be incurred will be provided on approval of the facility.

For more information about this product, see the Business Equity Line customer fact sheet (PDF).

Start your application online

Check your eligibility

  • Minimum loan amount $10,000 1 Maximum loan amount subject to approval. Close
  • Use residential or commercial property as security
  • You must meet Bankwest's lending criteria.
1

Things you may need for your application

  • Current business and personal financials, and details of the property you intend to use as security. We'll let you know exactly what documents you need to provide to us
  • If anyone connected to your application is new to Bankwest, including account signatories, key decision makers/beneficial owners (through ownership or control), trustees, guarantors and office holders, they'll need photo ID like an Australian driver's licence or passport. Or, see a handy list of other ID we’ll accept.

After submitting the form, a member of our Business Sales Team will be in touch to discuss what works best for you and complete your application.

How can we help?

Business Specialists Team
Speak with someone from the team today

Business Banking Specialists

Here’s how to get in touch

Things you should know

1. Maximum loan amount subject to approval.

2. For any other method of access, including over the counter, a $20 applies for each withdrawal outside of the two free withdrawals per month.

3. Repayments are not required until credit limit is fully drawn. The minimum payment amount is the interest only.

4. The indicative variable rate is based on a fully secured loan option.

5. A $20 fee applies for each withdrawal outside of the two free withdrawals per month. Withdrawals via Online Business Banking (OBB), periodical payments and direct debits do not attract an online withdrawal or access fee.