Features & benefits

Money when you need it

Cover business costs and investments, like expanding or diversifying, buying inventory, accessing new markets and more.

Flexible to your needs

Choose a variable or fixed interest rate, loan term, repayment frequency and type (interest only, principal and interest, or both).

Easy to manage

View your loan balance and transactions online. If you’re on a variable interest rate, you can make extra repayments and access redraw online to support cash flow.

Fast online application

If you already bank with us, fast track your application in NetBank and if eligible get an instant decision1 and funds on the same day.

Flexible loan terms & security

  • Your loan term depends on your loan security. Loan security is how you guarantee to the Bank that you will be able to meet the costs of the loan. You can choose to provide an asset, like a residential and/or commercial property, as security. 

    • Secured: total loan terms of up to 30 years available*
    • Unsecured: speak to your Business Banker



  • Rates listed are reference rates, interest rate margins may apply.

    Rates depend on your individual circumstances, including loan term, loan amount and type of security.

    We’ll confirm your rates in your letter of offer.

  • 8.35%PA

    Variable Rate​ – residentially secured (Residential Equity Rate)

  • 10.43%PA

    Variable Base Rate

  • Fixed interest rate

    Speak to a Banker


    • Confirmed in your letter of offer
    • Depend on the type of security you provide for your loan, your loan amount and other factors
    • Includes loan establishment fee, loan service fee, redraw balance fee and other fees


Types of repayments

You can make interest only or principal and interest repayments. You can also choose a combination of both: for example, interest only repayments for a set period, and then principal and interest repayments.

Extra repayments

If you’re on a variable interest rate, you can make additional repayments to pay your loan off quicker. By reducing the balance owed, you’ll pay less interest on your business loan. 

You can make additional one-off lump sum repayments or regularly pay more than your minimum required repayment.

Repayments calculator


If you're on a variable interest rate, you can withdraw any extra repayments you make on your loan any time.

For redraw balances over $100,000, a redraw balance fee of 0.49%p.a. applies. This fee is calculated daily and charged monthly in arrears.

You can easily access your redraw online, through NetBank, the CommBank app or CommBiz.

Learn about redraw


  • May be suitable for: 

    • Businesses of any size, including sole traders, partnerships, trusts and registered companies
    • Groups or individuals using the lending facility for business purposes
  • You're more likely to be approved if:

    • You haven't been overdrawn or had your account in arrears anytime in the past 3 months
    • You haven't been declared bankrupt in the last 5 years
    • You haven't had any accounts in collections in the past 6 months
    • 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

How to apply

  • Existing customers

    Apply in NetBank if you're a CommBank customer.

    • It should take up to 20 minutes to apply; we use information we already hold about you to speed up your application. We may also ask you to enter details we don’t have
    • If eligible, you’ll get an instant decision and funds on the same day
    • If you're not eligible, we'll call you to talk about your options

    If you prefer to speak to someone, you can book an appointment.

    Apply in NetBank

    Book appointment

  • New customers

    Book an appointment if you're not an existing CommBank customer.

    One of our specialists will call you to talk about your options.

    Book appointment

Frequently asked questions

A redraw facility lets you access additional repayments you make on your business loan above the required minimum repayments.

With a variable rate, your interest rate could change. You could benefit when interest rates are decreased, but you won't be protected if they increase. To pay your loan faster, you can choose to make extra repayments .

You can choose to include a fixed rate term in your loan. During this term, your interest rate will be fixed, which means it won't change. A fixed interest rate can help you plan confidently knowing how much is due over the fixed rate period. With a fixed interest rate, you can't make extra repayments.

Over the course of your loan term, your repayments might need to be adjusted. Find out why repayments change and how to manage them.

BizExpress is a faster way for eligible businesses to apply for business loans and finance. With BizExpress, we use information that we already hold about you or that you supply to streamline and speed up your application process.

Looking to finance a green project for your business?

Our Business Green Loan can finance improvements to your business that may help reduce emissions, build climate change resilience and protect our natural resources.

Explore Business Green Loan

Things you should know

  • This information is current as at 27 March 2024 and is for general information purposes only. It has been prepared without considering your individual and/or business objectives, financial situation or needs.

    Credit provided by the Commonwealth Bank of Australia. CommBank has the right to change or cancel this offer at any time without notice. This product is only available to approved business customers and for business purposes only. Applications for finance are subject to the Bank’s eligibility and suitability criteria and normal credit approval processes. Full terms and conditions are included in the Loan Offer. Bank fees and charges may apply. Rates and fees are subject to change.

    View our current Terms and Conditions for Business Finance and Business Savings and Transaction Accounts and consider them before making any decision about this product. Terms and Conditions for CommBiz and NetBank should also be considered before making any decision about these products.

    *Subject to the Bank’s eligibility and suitability criteria.

    1An instant decision is subject to the Bank's eligibility and suitability criteria.