Compare Business Loans
See how our business loans compare, side by side
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 | 80% of property value (less existing debt) |
90% of property value+ (less existing debt) |
80% of property value (less existing debt) |
| Maximum loan to value - other security | 70% of commercial property value | 80% of commercial property value+ | 70% of commercial property value 60% of industrial property value |
| Minimum loan term | No minimum | 1 year | 1 year |
| Maximum loan term | n/a | 30 years (residential security)+ 25 years (other security)+ |
5 years |
Repaying and accessing your business loan
| 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 | Yes |
| Redraw (subject to approval) | n/a | Yes - variable interest rate loans only | Yes |
| ATM access | Yes* | No | No |
| Internet banking access | Yes | Yes | Yes |