Business Low Rate Loan

A loan that comes with our low variable rate, plus flexible repayment options to suit your business and cash flow.


Fund business growth

Minimum loan amount $10,000. 1 Maximum loan amount subject to approval.

Flexible repayment options

Choose your repayment date and frequency, including when you want interest to be charged.

Make extra repayments without penalty

Pay more than your minimum repayments at any time to help reduce your loan term. 2

Access surplus funds 24/7

Redraw your extra payments through online banking. 2

Interest only option

Choose to pay interest only for one to five years before starting principal and interest repayments. 3 Subject to approval and conditions.

Switch from variable to fixed

Option to roll to a Business Fixed Rate Loan and keep your account number. 4 Subject to approval. Switching fees may apply on rollover.

Check out these additional perks

Progress drawdowns

Suitable if you're using the loan for construction.

Capitalise your interest

Subject to approval and conditions.

Rates and fees

Name Variable rate
Indicative variable rate 5
2.90% p.a.
Business low rate (reference rate)
4.22% p.a.

Indicative variable rate shown is for new borrowings only. Available on new facilities up to $1,000,000. Minimum loan amount $10,000. A margin may apply to the above rates based on our full credit assessment of your loan application.

Name Fee
Limit establishment fee
Available on application
Loan maintenance fee
$20 per month ?
Online surplus withdrawal fee
$10 per withdrawal 2

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 Low Rate Loan customer fact sheet (PDF).

Enquire today

Check your eligibility

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

  • 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.

Get an idea of your repayments

Business loan repayment calculator

How can we help?

Business Specialists Team

Speak with someone from the team today

Business Banking Specialists

Here’s how to get in touch

  1. Maximum loan amount subject to approval.

  2. No minimum redraw amount online. $10 online surplus withdrawal fee applies for each withdrawal. A $100 fee and $1,000 minimum redraw amount applies to other methods of redraw, including over the counter. Redraw and surplus deposits are not allowed for self managed super fund lending.

  3. Subject to approval and conditions.

  4. Subject to approval. Switching fees may apply on rollover.

  5. Excludes self managed super funds, property development and property investment. The indicative variable rate is based on a fully secured loan option. A margin may apply based on our full credit assessment of your loan application. Rate is intended for new borrowing only and subject to change. Subject to fully completed application, including verification documentation, being provided.