Business Variable Rate Loan

Features
Rates & Fees
FAQs

Need to finance a new business initiative or fund your business growth? Our Business Variable Rate Loan is here to help make your business plans a reality.

Enjoy a competitive variable interest rate, convenient features and the freedom to make additional repayments without any pre-payment fees. You can link your business loan with a business account and have all your business banking in one convenient location.

Competitive variable interest rate
Loan terms from 1 to 25 years
No annual or monthly account keeping fees
Make as many extra repayments you like with no pre-payment fees
Flexible repayments: pay weekly, fortnightly or monthly (only monthly for Interest Only)
Up to 60 months Interest Only option: free up extra cash by paying only the interest portion of the loan for up to five years
Split-loan option: get the benefits of a part fixed and part variable interest rate loan
Portable Loan facility: security can be transferred directly from one property to another

You can enquire about a Business Variable Rate Loan online, over the phone by calling 13 11 82 or by visiting your nearest branch.

Application fee:
- $600 for loans up to $80,000
- 0.75% of loan, for loans greater than $80,000
No monthly fee
No annual fee
Minimum loan size is $50,000
Minimum deposit is 20% (80% Loan to Value Ratio or lower)
3^rd party charges apply (e.g. stamp duty)

Business Variable, Fixed & Line of Credit

Product Name	Term	Secured by Residential Property up to $1,000,000^	Secured by Commercial Property up to $1,000,000^
Variable Rate	> 1 year	5.20% p.a.	6.70% p.a.
Fixed Rate	1 year	4.19% p.a.	5.69% p.a.
	Fixed Rate	2 year	3.99% p.a.	5.49% p.a.
	Fixed Rate	3 year	4.09% p.a.	5.59% p.a.
	Fixed Rate	4 year	4.54% p.a.	6.04% p.a.
	Fixed Rate	5 year	4.64% p.a.	6.14% p.a.
Line of Credit	> 1 year	6.10% p.a.	7.60% p.a.

Most popular questions...

Can I switch to a fixed interest rate if I have a variable interest rate loan and I think interest rates are going to rise?
Please speak to your Business Relationship Manager if you'd like to switch to a Business Fixed Rate Loan. We usually agree to such requests.
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 Relationship Manager regarding your options.
Can I redraw excess funds from my Business Variable 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 Business Loan?
Yes, our Variable Business Home Loan enables you to make unlimited additional repayments.

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Product Summary

What do I get?

Interest Rate

Available Loan Size

Grow your business at your pace with a variable rate business loan with no monthly or annual fees and the flexibility to make extra repayments

What do I get?

Flexible variable loan to purchase or refinance a business, or a business asset or for any other worthwhile business purpose.

Interest Rate

From 5.2% p.a.

Available Loan Size

$50,000+

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Business Fixed Rate Loan

Finance your business with the peace of mind of a set fixed interest rate, no monthly fees and certainty of set repayments for a fixed period

What do I get?

Set repayment certainty with a fixed rate for 1 to 5 years, to purchase or refinance a business, or a business asset, or for any other worthwhile business purpose.

Interest Rate

From 4.19% p.a.
(1 year term)

Available Loan Size

$50,000+

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Details

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Business Line of Credit

Expand your business with a revolving line of credit and control your everyday finances, with an all-in-one account

What do I get?

A flexible line of credit, for everyday business use, or just when you need it.

Interest Rate

From 6.1% p.a.

Available Loan Size

$10,000+

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Details

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Business Vehicle Loan

Get your business on the road or upgrade your current vehicle with our fixed rate Business Vehicle Loan with no break cost to repay early

What do I get?

Low rate flexible loan, for business vehicles up to 3 tonne.

Interest Rate

From 5.64% p.a.³

Available Loan Size

$20,000+

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Details

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Business Variable Construction Loan

Build for business purposes with the flexibility you need to manage your finances during construction with a variable interest rate and no monthly fees

What do I get?

A flexible variable loan for construction of a business asset.

Interest Rate

From 5.2% p.a.

Available Loan Size

$50,000+