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2022-04-28 10:05 am
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Business loan rates and fees

Commercial loan, overdraft, car loan and bank guarantee for business purposes.

What's on this page

Commercial Loan

Effective 24 May 2022
Balance
Interest (p.a.)
Residential Security
from 4.59%
General Commercial Security
from 4.69%
Chattel Mortgage
10.84%
Unsecured
12.58%
Secured – Fixed (1, 2, 3 or 5 years)
3.79
%

Fees and charges

Commercial Overdraft

Effective 24 May 2022
Balance
Interest (p.a.)
Residential Security
from 4.99%
General Commercial Security
from 5.49%
Unsecured
12.58%

Fees and charges

Bank Guarantee

Effective 24 May 2022
Balance
Interest (p.a.)
Bank Guarantee
10.34%

Fees and charges

Secured commercial loans/overdrafts establishment fee
0.5% (min $100) of the loan amount plus valuation fee and Bank Australia solicitor fees
Unsecured commercial loans/overdrafts establishment fee
0.5% (min $100) of the loan amount
Bank guarantee facility
Annual fee of 1.5% of the guarantee amount
Overdraft administration fee (for customers who opened an account before 29 April 2021)
$24 annually

Commercial Car Loans

Effective 24 May 2022
Balance
Interest (p.a.)
Commercial car loan – with LEV discount*
5.45%
Commercial car loan - New vehicle
6.45%
Commercial car loan – Used vehicle
8.95%

Fees and charges

Establishment fee
$495^
Monthly fee
$0
Application fee
$0
Late payment fee
$0

Things you need to know

  1. Any information and advice does not take into account your personal needs and financial circumstances and you should consider whether it is appropriate for you and seek any third party advice you need.
  2. Before deciding to apply, we provide and recommend you read our Financial Services Guide.
  3. All applications are subject to a credit assessment and approval. Terms and conditions apply. All applicable terms and conditions will be included in our loan offer.
  4. Additional fees and charges may be payable – all relevant details will be included in our loan offer.
  5. Information and interest rates are current as at the date of publication and are subject to change at any time, at the discretion of Bank Australia Limited.
  6. This document does not constitute a contract for finance.