Westpac Insurance Premium Finance
Term loan
Short-term finance to spread your yearly business insurance premiums across monthly instalments.
- Establishment fee
- $150
- Monthly fee
- Not published
- Borrow
- From $5,000
Interest rate a year, from
Not published
Loan details
Rates
- Interest rate (a year)
- On application
- Rate type
- Not published
- Security
- Not published
- Type of finance
- Term loan
Limits and fees
- Loan amount
- From $5,000
- Loan term
- 6 months to 1 year
- Establishment fee
- $150
- Monthly fee
- Not published
How it compares
Against the other business loans we compare. Typical means the middle half of them.
Setup fee
$150
A typical setup fee is $26.
Longest term
1 year
3 years is the usual longest term.
Pros and cons
Pros
- Extra repayments. Paying more than the minimum pays the loan off sooner and cuts the interest you pay.
- No early repayment fee listed. You can pay the loan off early, or refinance, without a penalty. Check the terms to be sure.
Cons
Nothing stands out.