About the BetterBusiness loan

How it works

Available for business loans over $25,000 where the term is more than one year. You can choose from the following interest rate options:

  • Fixed rate – for between one and seven years (up to 10 years for agribusiness customers)
  • Fixed rate residentially secured – fixed for between one to five years. Rate is linked to the home loan fixed interest rates
  • Variable rate (minimum loan amount $25,000) – benefit from downward interest rate movements and get flexibility to redraw funds paid in addition to the minimum loan repayments
  • Variable rate residentially secured – rate is the residential equity rate (does not move in line with the Home Loan Standard Variable or Residential Equity rates). You benefit from downward interest rate movements and get flexibility to redraw funds paid in addition to the minimum loan repayments.


Flexible loan structuring

Loans can be split between fixed and variable interest rates:

  • At the end of any fixed interest rate period, you have the option of switching from a fixed to a variable rate at no cost
  • For a variable rate loan, you can switch to a fixed rate at any time at no cost
  • Interest-only or principal and interest repayments are available

Flexible terms

Terms range from one to 30 years (depending on security provided). You will be able to:

  • Manage your cash flow with flexible repayment options
  • Manage your interest rate risk by gaining flexibility around fixed and variable rates
  • Redraw online instantly via NetBank or CommBiz (variable rate loans only)

Rates and fees

Our latest rates and fees make it easy for you to compare products and make the right financial choices.

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Important information

As this advice has been prepared without considering your objectives, financial situation or needs, you should, before acting on the advice, consider its appropriateness to your circumstances. View our Financial Services Guide (PDF 59kb).