Special offer

A special fixed rate of 2.49%p.a for approved applications submitted by 30 September 2020.1

You could borrow funds from $10,000, with rate and repayment options to suit your business.

Loan amount
Establishment fee
0.30% upfront (minimum of $500)
Other fees and charges will apply
Loan term
Up to 3 years
CommBank account
You’ll need a Business transaction or savings account by 30 September 2020 to be eligible.
Total borrowings
The loan must be used mostly or entirely for business and commercial purposes

Offer not available for certain loan purposes, such as Self-Managed Super Funds, companies with annual sales turnover greater than $50 million, and Commercial Property Investment or Development.

Features & benefits

Tailor your loan

Secure your loan with residential, rural and commercial property or cash. Unsecured loan options are also available.

Repayment type

Select between interest only or principal and interest repayments and set a frequency to match your cash flow needs.

Loan term & security

  • 1 to 30 years when residential security is used 
  • 15 years when commercial security is used

Interest rate options

Variable rate

  • A variable rate loan is open to interest rate changes which means you could benefit from downward interest rate movements
  • Make extra repayments with the ability to redraw anytime through NetBank, CommBiz and the CommBank app

Fixed rate

  • Have certainty of each repayment
  • Avoid interest rate rises during the fixed period
  • Switch to variable rate at the end of any fixed rate period

Rates & fees

Rates and fees differ based on the type of security you provide for your loan, your loan amount and other factors. We'll confirm what they are in your Letter of Offer. Fees include:

  • Loan establishment fee
  • Monthly loan service fee
  • Other fees apply

 See our business loan rates

Rate name
Interest rate
Variable Rate​ - residentially secured (Residential Equity Rate)*
Variable Base Rate*
Fixed rate*
Speak to one of our business bankers
*Interest rate margin applies


A BetterBusiness Loan 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

How to apply

  1. Request a call back or call 13 1998 to speak to one of our business bankers
  2. Discuss and choose the loan structure that suits you best
  3. Supply your ID documents and forms for your application

You may be asked for different documents to help us better understand your current situation, such as financial statements, proof of individual income, bank statements and identification (if you aren't an existing CommBank customer). Here's some more about documents you may need

Other loan options

Business overdraft

Choose from our range of business overdrafts, based on your business needs. Whether you’re a large or small business – we’ve got the right solution for you.

Tell me more

Car & equipment finance

Finance for $10,000 or more for eligible vehicles and equipment.3

Tell me more

Things you should know

1 2.49% p.a. is the interest rate on fully-secured, fixed rate CommBank BetterBusiness Loans (BBLs) for terms of up to five years. There is a 2.99% interest rate available on fully-secured, variable rate loans up to 5 years. A 3.49% p.a. interest rate applies to partially-secured, variable rate BBLs for terms of up to three years.

2 Not available for certain industries, loan purposes, transaction and security types, including Self-Managed Superannuation Funds (SuperGear) and Land Banking; Commercial Property Investor and Developer ANZSIC codes; Companies with annual sales turnover greater than $50 million.

This information is current as at 7 July 2020 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. 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. For current interest rates, speak to your CommBank Business Development Executive. View our Current Terms and Conditions for Business Finance and CommBank business savings and transaction accounts and consider them before making any decision about this product.

3 Applications for finance are subject to the Bank’s normal credit approval. Full terms and conditions are included in the Loan Offer. Bank fees and charges may apply. 

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 Current Terms and Conditions for Business Finance and Financial Services Guide (PDF 59kb) and consider them before making any decision about this product.

Terms and conditions issued by Commonwealth Bank of Australia ABN 48 123 123 124 for CommBiz and NetBank are available on our website at commbank.com.au, from any of our branches or by phoning us on 13 2221, and should be considered before making any decision about these products. For current interest rates, visit commbank.com.au/business/rates-fees.