Are there any monthly fees or annual fees on business fixed rate loans?

No, our business fixed and variable loans have no monthly or ongoing fees.

Can I redraw excess funds from my Business Variable Rate Loan?

No, a redraw facility is not a feature of our business fixed or variable loans. As an alternative you may want to consider our Business Line of Credit account, as it allows you to deposit and withdraw funds up to an approved credit limit as often as you like.

Can I redraw excess funds from my loan?

No, a redraw facility is not a feature of our business fixed or variable loans. As an alternative you may want to consider our Business Line of Credit account, as it allows you to deposit and withdraw funds up to an approved credit limit as often as you like.

Can I pay extra off my loan?

If you choose a Business Fixed Rate Loan you can make additional repayments up to a maximum of $10,000 per year during the fixed period. However, redrawing the additional repayments is not permitted. Alternatively, a split loan facility with a Business Line of Credit can provide you with the best of both loan types.

Can I change the security on my business variable loan from residential to commercial or from commercial to residential?

Due to the different security risks, a change to the type of security will change the interest charges applicable to your loan. Please speak to your Business Banker for your options.

Compare business loans

Business Fixed Rate Loan
A competitive fixed rate, convenient business-friendly features and the certainty of knowing exactly what your repayments will be for a set period.
Help fund a new business initiative or finance your company growth with our Business Fixed Rate Loan.
Speak to a Business Banker
View the Business Fixed Rate Loan details
Interest rate
An interest rate is the rate of interest you need to pay as the borrower to the lender. This is defined as a percentage of the loan amount and is usually expressed as an annual percentage.
From
% p.a.
[{"Name":"ProductRateRateRevert","Value":"7.51"},{"Name":"ProductRateInterestRate","Value":"5.89"},{"Name":"ProductRateTermMinimum","Value":"1"},{"Name":"ProductRateTermMaximum","Value":"15"},{"Name":"ProductRateHasRevert","Value":"-1"},{"Name":"ProductRateLoanSizeMinimum","Value":"20000"}]
Loan size
The minimum amount that needs to be borrowed for the loan.
$
+
[{"Name":"ProductRateRateRevert","Value":"7.51"},{"Name":"ProductRateInterestRate","Value":"5.89"},{"Name":"ProductRateTermMinimum","Value":"1"},{"Name":"ProductRateTermMaximum","Value":"15"},{"Name":"ProductRateHasRevert","Value":"-1"},{"Name":"ProductRateLoanSizeMinimum","Value":"20000"}]
Key benefits:
Available loan size $50,000 plus
Interest only repayment option
Extra repayments of up to $10,000 per year
No ongoing fees
Business Variable Rate Loan
A competitive variable interest rate, convenient features and the freedom to make additional repayments without any pre-payment fees.
Grow your business at your own pace with a competitive Business Variable Rate Loan.
Speak to a Business Banker
View the Business Variable Rate Loan details
Interest rate
An interest rate is the rate of interest you need to pay as the borrower to the lender. This is defined as a percentage of the loan amount and is usually expressed as an annual percentage.
From
% p.a.
[{"Name":"ProductRateTermMaximum","Value":"15"},{"Name":"ProductRateLoanSizeMinimum","Value":"20000"},{"Name":"ProductRateInterestRate","Value":"7.76"},{"Name":"ProductRateTermMinimum","Value":"1"}]
Loan size
The minimum amount that needs to be borrowed for the loan.
$
+
[{"Name":"ProductRateTermMaximum","Value":"15"},{"Name":"ProductRateLoanSizeMinimum","Value":"20000"},{"Name":"ProductRateInterestRate","Value":"7.76"},{"Name":"ProductRateTermMinimum","Value":"1"}]
Key benefits:
Available loan size $50,000 plus
Interest only repayment option
Unlimited extra repayments
No ongoing fees
Business Variable Construction Loan
Enjoy the benefits of interest only repayments and withdraw your funds gradually over a period of 12 months while you build.
Thinking about getting a business construction loan? Here’s some information for you to consider.
Speak to a Business Banker
View the Business Variable Construction Loan details
Interest rate
An interest rate is the rate of interest you need to pay as the borrower to the lender. This is defined as a percentage of the loan amount and is usually expressed as an annual percentage.
From
% p.a.
[{"Name":"ProductRateTermMaximum","Value":"15"},{"Name":"ProductRateLoanSizeMinimum","Value":"20000"},{"Name":"ProductRateInterestRate","Value":"7.76"},{"Name":"ProductRateTermMinimum","Value":"1"}]
Loan size
The minimum amount that needs to be borrowed for the loan.
$
+
[{"Name":"ProductRateTermMaximum","Value":"15"},{"Name":"ProductRateLoanSizeMinimum","Value":"20000"},{"Name":"ProductRateInterestRate","Value":"7.76"},{"Name":"ProductRateTermMinimum","Value":"1"}]
Key benefits:
Available loan size $50,000 plus
Interest only repayment option
Unlimited extra repayments
Business Line of Credit
By combining your loan, overdraft, and savings into a single account, you could use your working capital to reduce the amount of interest you pay.
Expand your business with a revolving line of credit and control your everyday finances, with an all-in-one account.
Speak to a Business Banker
View the Business Line of Credit details
Interest rate
An interest rate is the rate of interest you need to pay as the borrower to the lender. This is defined as a percentage of the loan amount and is usually expressed as an annual percentage.
From
% p.a.
[{"Name":"ProductRateTermMaximum","Value":"25"},{"Name":"ProductRateLoanSizeMinimum","Value":"10000"},{"Name":"ProductRateInterestRate","Value":"8.85"},{"Name":"ProductRateTermMinimum","Value":"1"}]
Loan size
The minimum amount that needs to be borrowed for the loan.
$
+
[{"Name":"ProductRateTermMaximum","Value":"25"},{"Name":"ProductRateLoanSizeMinimum","Value":"10000"},{"Name":"ProductRateInterestRate","Value":"8.85"},{"Name":"ProductRateTermMinimum","Value":"1"}]
Key benefits:
Available loan size $10,000 plus
Interest only repayment option
Unlimited extra repayments
Redraw funds within your agreed credit limit as you need
Business Vehicle Loan
Our fixed rate Business Vehicle Loan allows you to purchase a vehicle for business purposes, with flexible repayment options and no break cost to repay early.
Get your business on the road or upgrade your current vehicle with our Business Vehicle Loan.
Speak to a Business Banker
View the Business Vehicle Loan details
Interest rate
An interest rate is the rate of interest you need to pay as the borrower to the lender. This is defined as a percentage of the loan amount and is usually expressed as an annual percentage.
From
% p.a.
[{"Name":"ProductRateTermMaximum","Value":"5"},{"Name":"ProductRateLoanSizeMinimum","Value":"20000"},{"Name":"ProductRateInterestRate","Value":"6.49"},{"Name":"ProductRateTermMinimum","Value":"1"},{"Name":"ProductRateLoanSizeMaximum","Value":"100000"}]
Loan size
The minimum amount that needs to be borrowed for the loan.
$
+
[{"Name":"ProductRateTermMaximum","Value":"5"},{"Name":"ProductRateLoanSizeMinimum","Value":"20000"},{"Name":"ProductRateInterestRate","Value":"6.49"},{"Name":"ProductRateTermMinimum","Value":"1"},{"Name":"ProductRateLoanSizeMaximum","Value":"100000"}]
Key benefits:
Available loan size $20,000 plus
Unlimited extra repayments
Loan terms up to 5 years
No ongoing fees

Speak to a Business Banker

Wherever you are on your business journey, our dedicated Business Bankers can help. Find out more and enquire today!

Speak to a Business Banker

Most popular questions

Are there any monthly fees or annual fees on business fixed rate loans?
No, our business fixed and variable loans have no monthly or ongoing fees.
Can I redraw excess funds from my Business Variable Rate Loan?
No, a redraw facility is not a feature of our business fixed or variable loans. As an alternative you may want to consider our Business Line of Credit account, as it allows you to deposit and withdraw funds up to an approved credit limit as often as you like.
Can I redraw excess funds from my loan?
No, a redraw facility is not a feature of our business fixed or variable loans. As an alternative you may want to consider our Business Line of Credit account, as it allows you to deposit and withdraw funds up to an approved credit limit as often as you like.
Can I pay extra off my loan?
If you choose a Business Fixed Rate Loan you can make additional repayments up to a maximum of $10,000 per year during the fixed period. However, redrawing the additional repayments is not permitted. Alternatively, a split loan facility with a Business Line of Credit can provide you with the best of both loan types.
Can I change the security on my business variable loan from residential to commercial or from commercial to residential?
Due to the different security risks, a change to the type of security will change the interest charges applicable to your loan. Please speak to your Business Banker for your options.

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Most popular questions

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