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Interest rate announcement - 12 August 2022. Bank Australia will increase variable home loan and commercial variable rates in response the RBA’s recent decision to raise the official cash rate. From 18 August 2022, interest rates will increase by 0.50% for variable rate owner-occupier and investor loans, while commercial variable rate loans will also increase by 0.50%. For existing home loan customers, repayment changes will be effective from 1 October 2022. Read more here.

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2022-04-28 10:05 am
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Buying business equipment or vehicles

Getting your finances in order so you can plan to expand your business operations.

What’s on this page

Business is going well, and you’ve decided it’s time to expand your operations. You know you'll need some new equipment and an additional car as well.

Government resources

If you think crowdfunding your business could be the way to go, take a look at this link – https://business.vic.gov.au/business-information/finance/raise-capital/plan-successful-crowdfunding-and-crowd-sourced-funding.

What you might need

  • Revised business plan
  • Capital
  • Equipment
  • Enough money to keep the business ticking over as you expand
  • Relevant permits and licenses

Some questions to consider

  • How much can I borrow?
  • Will rates be fixed or variable?
  • What will the loan period be?
  • What fees and charges apply?