Compare loan features

Compare business lending interest rates here.

Account features Business Overdraft Business Line of Credit Business Term Loan Commercial Rate Loan
Interest charged Monthly in arrears Monthly in arrears Monthly in arrears Variable charge periods
Interest rate Variable only Variable only

Fixed or variable

Fixed only

(interest rates are set daily for each loan type and each interest period)

Interest only option n/a n/a Yes Yes
Minimum loan amount $10,000 $50,000 $10,000 $500,000
Maximum loan to value - residential security

80% of property value

(less existing debt)

80% of property value

(less existing debt)

80% of property value

(less existing debt)

80% of property value

(less existing debt)

Maximum loan to value - other security 70% of commercial property value 70% of commercial property value 70% of commercial property value

70% of commercial property value

60% of industrial property value

Minimum loan term No minimum 1 year 1 year 1 year
Maximum loan term n/a

15 years (other security)

25 years (residential security)

15 years (other security)

25 years (residential security)

5 years

Repaying and accessing your business loan

 

Repayment and access types Business Overdraft Business Line of Credit Business Term Loan Commercial Rate Loan
Repayment type Interest only paid in arrears Interest only paid in arrears Principal & Interest or Interest only paid in arrears Interest only paid in arrears or Interest in advance
Repayment frequency n/a n/a Weekly, fortnightly, monthly Variable repayment terms
Additional repayments n/a n/a Yes Yes
Redraw (subject to approval) n/a n/a Yes - variable interest rate loans only Yes
ATM access Yes* Yes*

No No
Internet banking access Yes Yes Yes

Yes