Features & benefits

No interest, ever

No interest payable over the 2 year loan term.

3 month repayment holiday

There’s a 3 month repayment holiday upfront, so you can really get moving before you need to make a repayment.

No paperwork

As an existing customer, we'll use the information we already have to fast-track your online application.

Fast online application

If you already bank with us, fast track your application in NetBank and if eligible get an instant decision2 and funds within days.

Rates & fees

  • 0% interest

    No interest is payable for the life of the loan.

  • One establishment fee1

    One simple fee that you know about upfront, based on your total loan amount. It is added to your total loan amount and repaid over the life of the loan.

    The total fee will be $700 for every $5,000 you borrow (see breakdown by loan size), with the quoted fee covering the entire 2 year term. It will be paid as part of your regular repayments at no extra cost and is non-refundable (even if you repay early).3


  • Make regular repayments over the 2 year loan term.

    No additional repayments can be made above the agreed principal repayments over the life of the loan, except early repayment in full which is permitted at no extra cost.3


  • May be suitable for customers who:

    • Have had a CommBank Business Transaction Account for the last 12 months
    • Are the sole trader or sole director of a small to medium sized business
    • Are seeking a loan for business purposes only
    • Do not operate in the property development, non-government education or mining industries

    Not eligible? Explore other loans

How to apply

  • 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 decision2 and funds within days
  • If you're not eligible, we'll call you to talk about your options

Apply in NetBank

Frequently asked questions

The total fee will be $700 for every $5,000 you borrow. The fee is over 2 years, not per year. For example:

  • If you apply for $10,000, your Business Boost Loan limit will be $11,400, which includes the $1,400 establishment fee, leaving you with available funds of $10,000
  • If you apply for $30,001–$35,000 (for example $33,000), your Establishment Fee will be $4,900 over the full two year term
  • If you apply for $70,001–$75,000 (for example $72,000), your Establishment Fee will be $10,500 over the full two year term

See a full breakdown based on loan size:

  • $5,000 loan: $700 fee
  • $5,001–$10,000 loan: $1,400 fee
  • $10,001–$15,000 loan: $2,100 fee
  • $15,001–$20,000 loan: $2,800 fee
  • $20,001–$25,000 loan: $3,500 fee
  • $25,001–$30,000 loan: $4,200 fee
  • $30,001–$35,000 loan: $4,900 fee
  • $35,001–$40,000 loan: $5,600 fee
  • $40,001–$45,000 loan: $6,300 fee
  • $45,001–$50,000 loan: $7,000 fee
  • $50,001–$55,000 loan: $7,700 fee
  • $55,001–$60,000 loan: $8,400 fee
  • $60,001–$65,000 loan: $9,100 fee
  • $65,001–$70,000 loan: $9,800 fee
  • $70,001–$75,000 loan: $10,500 fee
  • $75,001–$80,000 loan: $11,200 fee
  • $80,001–$85,000 loan: $11,900 fee
  • $85,001–$90,000 loan: $12,600 fee
  • $90,001–$95,000 loan: $13,300 fee
  • $95,001–$100,000 loan: $14,000 fee

Your exact Establishment Fee will be calculated and displayed as you go through the loan application.

The Business Boost Loan can be used for business purposes only, like expanding or diversifying your business, buying inventory and accessing new markets.

Things you should know

  • As this information has been prepared without having regard for your individual and/or business objectives, financial situation or needs, you should, before acting on this information, consider its appropriateness to your circumstances. This information is current as at 12 October 2022 and is prepared without taking into account your individual and/or business needs and objectives. CommBank has the right to change or cancel this offer at any time without notice. 

    1 The establishment fee is non-refundable and repaid over the life of the loan. The establishment fee is capitalised and added to the principal of your loan and will be paid by instalments as part of the principal from when your account is setup. If you (or, if you default, we) terminate the loan before the end of the term and the principal (including the remaining establishment fee) becomes payable, no part of the establishment fee will be refunded.

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

    3 No additional repayments can be made above the agreed principal repayments over the life of the loan, except early repayment in full which is permitted. To repay your loan off early in full with a lump sum repayment, contact your relationship manager or call 13 1998.

    These products are 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. View our current Terms and Conditions for Business Finance and consider them before making any decision about these products. Fees, charges and Terms & Conditions apply. The Business Boost Loan is a Better Business Loan and you should refer to the Better Business Loan in the Business Finance Terms and Conditions. Full Terms and Conditions are included in the Loan Offer. Other Bank fees and charges may apply.

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