Lender panel
Westpac through Lyft Money
Westpac is one of Australia's four major banks, offering the full range of business banking including equipment finance, commercial property lending, overdrafts and business loans. As an authorised deposit-taking institution it funds at bank cost, which generally produces the sharpest pricing available, in exchange for a more thorough assessment process and full financial documentation.
Lyft Money is an independent broker. Westpac is one of 18+ lenders on our panel; we are not Westpac and do not speak for them. Product details change — your broker confirms current terms before anything is submitted.
| Typical amounts | $20,000 – $20,000,000 |
|---|---|
| Typical speed | Commonly one to four weeks depending on the facility |
| Products we place | Equipment loan, Commercial property loan, Business overdraft, Secured business loan |
| Website | www.westpac.com.au |
Where Westpac is strong
- Competitive pricing across equipment and commercial property lending
- Full product range, so multiple facilities can sit with one institution
- Large limits available for established businesses
Things to weigh up
- Full financial statements and tax returns are generally required
- Assessment takes longer than non-bank and fintech alternatives
- Credit policy is narrower, so unusual assets or industries may not fit
For an established business with clean financials, a major bank is usually the cheapest place to borrow, and Westpac covers everything from a single item of equipment through to a commercial property purchase. Where an application fits policy comfortably, the pricing difference against a non-bank option over a five-year term can be substantial.
The cost is time and paperwork. Bank assessment means full financials, ATO portal reports and often a valuation. We take a realistic view: where a deal fits and the timing allows, the bank is the right answer, and where it does not, we place it elsewhere rather than burning weeks proving the point.
Key terms
Westpac equipment finance through a broker
Bank-funded asset finance arranged by an accredited broker, typically written as a chattel mortgage or lease and assessed on full financial information.
Westpac commercial property loan
A bank loan secured by commercial premises for owner-occupied or investment purposes, assessed on serviceability and loan-to-value ratio.