Compare Business Loans

Compare loan features

Account features	Business Overdraft	Business Term Loan	Commercial Rate Loan
Interest charged	Monthly in arrears	Monthly in arrears	Variable charge periods
Interest rate	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	Yes (up to 10 years)^*	Yes (up to 5 years)
Minimum loan amount	$10,000	$10,000	$500,000
Maximum loan to value - residential security	Up to 90% of property value^*(less existing debt) Up to 80% of property value (less existing debt)	Up to 90% of property value^*(less existing debt) Up to 80% of property value (less existing debt)	Up to 90% of property value^*(less existing debt) Up to 80% of property value (less existing debt)
Maximum loan to value - other security	Up to 90% of commercial property value^* Up to 70% of commercial property value Up to 60% of industrial property value	Up to 90% of commercial property value^* Up to 70% of commercial property value Up to 60% of industrial property value	Up to 90% of commercial property value^* Up to 70% of commercial property value Up to 60% of industrial property value
Minimum loan term	No minimum	1 year	1 year
Maximum loan term	n/a	Up to 30 years	Up to 5 years

Repayment and access types	Business Overdraft	Business Term Loan	Commercial Rate Loan
Repayment type	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	Weekly, fortnightly, monthly	Variable repayment terms
Additional repayments	n/a	Yes, variable interest rate loans or up to $10,000 during a fixed rate period in any 12-month period	Yes, subject to conditions
Redraw (subject to approval)	n/a	Yes - variable interest rate loans only (except SMSF loans)	Yes – variable interest rate loans only, subject to approval
ATM access	Yes*	No	No
Internet banking access	Yes	Yes	Yes