BetterBusiness Loan

General Lending Rates

Product Variations

Product Features

• Other Additional Information: It's for business customers who want to borrow a set amount of money to pay back over a set loan term. Customers can choose to provide an asset, like a residential and/or commercial property, as security. Depending on whether a loan is secured or unsecured, total loan terms of up to 30 years are available subject to the Bank’s eligibility and suitability criteria. Speak to your Business Banker for more information.

• Other Additional Information: It's suitable for various business costs and investment purposes

• Other Additional Information: It's flexible to your needs. Choose a fixed or variable interest rate, your loan term, repayment frequency and type (interest only, principal and interest, or both), and loan security type

• Balance Transfers Additional Information: You can refinance existing business purpose debt

• Digital Banking Additional Information: Digital access is available via Netbank, CommBank App and CommBiz

• Guarantor Additional Information: For secured loans you can nominate a guarantor during the origination process

• Redraw Additional Information: If you're on a variable interest rate, you may be able to withdraw any additional repayments you make on your loan anytime. You can easily access your redraw online, through NetBank, the CommBank app or CommBiz.

• Relationship Management Additional Information: Relationship management is available for eligible customers

• Other Additional Information: Discounted finance for eligible new environmental projects on your farm. Redraw is not available for Agri Green Loan. Other rates, fees,charges, lending criteria and T&C's apply.

• Other Additional Information: Discounted finance for eligible new projects or assets. Redraw is not available for Business Green Loan. Other rates, fees,charges, lending criteria and T&C's apply.

• Other Additional Information: The Business Boost loans are not available from 14 November 2025. Borrow up to $100,000 with an up-front establishment fee, 3 month repayment holiday at the start of the loan and pay no interest on your loan. Other rates, fees, charges, lending criteria and T&C's apply.

• Other Additional Information: The SME Guarantee Schemes loans are not available from 30 June 2022. discounted finance for eligible customers was available for loans ranging from $10,000 to $5,000,000. Other rates, fees,charges, lending criteria and T&C's apply.

Product Eligibility

• Business Additional Information: Businesses of any size, including sole traders, partnerships, trusts and registered companies.

• Business Additional Information: Groups or individuals using the lending facility for business purposes.

• Other - You're More Likely To Be Approved If:. Additional Information: You haven't been overdrawn or had your account in arrears anytime in the past 3 months.

• Other - You're More Likely To Be Approved If:. Additional Information: You haven't been declared bankrupt in the last 5 years.

• Other - You're More Likely To Be Approved If:. Additional Information: You haven't had any accounts in collections in the past 6 months.

• Other - You're More Likely To Be Approved If:. Additional Information: You have a minimum 30% deposit (for secure loans) as well as cash reserves to demonstrate that you can operate the business for at least the first 3 months.

• Other - Agri Green Better Business Loan. Additional Information: Application for financing must be for an eligible environment project

• Other - Agri Green Better Business Loan. Additional Information: Must have a cash balance or loan balances of more than $1 million, and have a demonstrated farming related income

• Other - Business Green Better Business Loan. Additional Information: Application for financing must be for an eligible project or asset

• Other - Business Green Better Business Loan. Additional Information: Must have a cash balance or loan balances of more than $1 million, and have a demonstrated farming related income

Bank Fees and Charges

• Establishment And Security Processing Fee (Variable), Amount: Not Listed.. Additional Information: Fee charged to establish or refinance a facility. This may be a dollar amount or percentage of the facility limit. May be charged at establishment, limit increase or loan term extension.

• Monthly Loan Service Fee (Periodic), Amount: 35.00. Additional Information: Fee charged for each loan account to cover the ongoing administration costs of making the loan available. Charged as a fixed fee. Does not apply for loans funded under the SME Guarantee Scheme.

• Other Fees Apply (Variable), Amount: Not Listed.. Additional Information: Rates and fees differ based on the type of security you provide for your loan, your loan amount and other factors. Monthly loan service fee, Other fees apply. We'll confirm what they are in your Letter of Offer. Fees include Loan establishment fee, Monthly loan service fee or other fees. Does not apply for loans funded under the SME Guarantee Scheme.

• Early Repayment Adjustment (Variable), Amount: Not Listed.. Additional Information: Applies only to Fixed rate loans - to cover break cost of modifying or terminating a fixed loan contract. Fee charged when a customer with a fixed rate loan repays prior to scheduled maturity (irrespective of the circumstances causing the early repayment) and the Bank makes a loss due to the pre-payment.Does not apply for loans funded under the SME Guarantee Scheme.

• Administration Fee (Event), Amount: 300. Additional Information: Applies only to Fixed rate loans - to cover the administration and documentation costs of modifying or terminating a fixed loan contract, including the cost of calculating the Early Repayment Adjustment (ERA). J20Does not apply for loans funded under the SME Guarantee Scheme.

• Redraw Balance Fee (Variable), Amount: Not Listed.. Additional Information: Fee charged for redraw balances over $100,000. Calculated as a percentage of the available redraw balance exceeding $100,000

• Non-standard Interest Premium (Variable), Amount: Not Listed.. Additional Information: Fee charged when the interest charging frequency deviates from the standard monthly cycle (e.g. quarterly, semi-annually or annually). Please refer to your letter of offer and the offer confirmation document to confirm the rate.

• Commitment Fee (Periodic), Amount: Not Listed.. Additional Information: Fee charged when the loan has not been fully drawn within one month from the date the offer is accepted. Charged monthly in advance while the outstanding commitment/undrawn balance exceeds $25,000.

 Limitations & Restrictions (Constraints)

• Min Limit of 5000.00 Additional Information: Boost Better Business Loan has a minimum limit of $5,000

• Min Limit of 10000.00 Additional Information: Better Business Loan has a minimum limit of $10,000

• Max Limit of 100000.00 Additional Information: Boost Better Business Loan has a maximum limit of $100,000

• Max Limit of 5000000.00 Additional Information: SME Guarantee Scheme Better Business Loans had a maximum limit of $5,000,000