In a bid to cement its position in the business lending space, Bankwest has launched a new business fee-saver loan.
The loan is said to boast no upfront bank establishment fees and no ongoing loan maintenance fees.
According to recent research conducted by the company, almost a third of SMEs considered switching banks, with many voicing their frustration with fees.
Bankwest Business chief executive Ian Corfield said the loan would offer an alternative and give customers in the business community more choice.
"Bankwest is committed to assisting customers in achieving their business goals. Having no upfront establishment or ongoing maintenance bank fees will provide convenience, choice and savings to our business customers,” he said.
"We understand the frustration with fees, so we are excited to be able to offer the business fee-saver loan - as we continue to innovate across our business we are finding new ways to bring better products and services to market," Mr Corfield said.