
Get exclusive money-saving offers and guides
Straight to your inbox
This business loan's main feature is its variable rate. Variable means that the interest changes so when the rates drop your repayment amount drops and that when the rates rise, your repayments rise as well.While the rate is changeable, it's also competitive so although it might seem difficult to predict what your repayments are going to look like, the other available features with Bankwest's Business Low Rate Loan can help your business in the long run.
Available on application
Upfront Fee
$1,000,000
Max. Loan Amount
1 to 5 years
Loan Term
We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!
Product Name | Bankwest Business Low Rate Loan |
---|---|
Min. Loan Amount | $10,000 |
Max. Loan Amount | $1,000,000 |
Loan Security | Secured |
Upfront Fee | Available on application |
Loan Term | 1 to 5 years |
Once you apply for the business loan BankWest offers, you must submit information about your personal and business financial situation, which includes your current assets and liabilities. You also need to have an assurance asset ready to use as security for this loan, which can be commercial or residential property. You can apply for a minimum of $10,000 and the maximum limit is determined by the asset you put up for collateral.
The minimum loan term is 1 year and the maximum is subject to approval based upon your collateral.
Some of the features included with this low rate loan are:
Some of the fees with this loan include:
The fees above are just a brief outline of what you can expect while paying off your loan. There may be additional fees in cases of insufficient funds or requesting a loan extension, as well as miscellaneous interest rate charges that can potentially be applied.
Once your application is approved, you will receive a loan schedule that outlines all associated costs.
To apply for the Bankwest Business Low Rate Loan, click on "Go to Site" and consider the following eligibility criteria:
Some supporting documents you need include:
With the online surplus available whenever you need it, this loan is a consideration for your growing business. Compare business loans and discover which one is right for your particular needs.
Whilst we don't directly compare Bankwest Business Low Rate Loan, compare other business loans offering similar features.