What's a BetterBusiness Loan? 

    • It's for business customers who want to borrow a set amount of money to pay back over a set loan term - up to 30 years for residentially secured loans
    • It's suitable for various business costs and investment purposes
    • It’s flexible to your needs. Choose a fixed or variable interest rate, your loan term, repayment frequency and type (interest only, principal and interest, or both), and loan security type
    • You can make additional repayments and access those funds later using redraw, so you can reduce the interest you pay over the life of your loan
    • Easily manage your loan – view your loan balance, transactions and access redraw via NetBank and CommBank App.

Could your business benefit?

  • Flexibility to support your business

    • Flexible repayment options include interest only, principal and interest, or a combination 
    • Both variable and fixed rate repayment options could give you the flexibility you need to manage your cash flow 
  • Redraw funds

    • If you're on a variable interest rate, you can withdraw any extra repayments you make on your loan anytime
    • Redraw through NetBank, CommBiz, the CommBank app, in-branch or over the phone

    Learn more about redraw

  • Flexible loan term and security

    • Your loan term depends on your loan security
    • Loan security is how you guarantee to the Bank that you’re able to meet the costs of the loan
    • You can choose to provide an asset, like a residential property, as security

    Residential security – Loan terms between 1 and 30 years available

    Commercial security – Loan terms of up to 15 years available

    Unsecured – Speak to your business banker


  • 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
  • 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

Your repayment options

Choose between a variable or fixed interest rate. You can make interest-only or principal and interest repayments. 

Variable interest rate 

  • With a variable rate, your interest rate could change. This usually happens when the Reserve Bank of Australia (RBA) changes the official cash rate
  • You could benefit when interest rates are decreased, but you won't be protected if they increase
  • You could pay your loan off quicker with extra repayments

Fixed interest rate

  • 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
  • You can switch to a variable rate at the end of the fixed rate period
  • You can plan confidently knowing how much is due over the life of your loan
  • You're unable to make extra repayments

Choose a combination

  • 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 
  • Your business banker will help you work out what works best for you and your business

Rates & fees

Rates and fees depend 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

 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

Calculate what your loan repayments might be 

How to apply

    1. See what documents you'll need. We'll ask you for different documents to better understand your current situation. These could include financial statements, proof of individual income, bank statements and ID if you're new to CommBank
    2. Give us a call. You can speak to your Relationship Manager, call 13 1998 to speak to a Business Banker, or request a call back
    3. Supply your ID documents and application forms
    4. Once your loan is approved, you'll receive the funding in your linked CommBank account. Your Business Banker will let you know how long this will take


How it could work

Luke is the CFO of an electrical services company that's looking to purchase one of their smaller competitors.

He takes out a principal and interest BetterBusiness Loan to finance the purchase, and secures it against his company's offices. This means that he'll pay back both the principal, which is the amount he's borrowing, and the interest, which is the cost of borrowing. 

Luke's forecasted that his company is likely to see a large cash profit across the next few years, so he chooses a variable rate which allows him to make additional repayments. If he needs to, he can access these extra payments using redraw. 

Is a BetterBusiness Loan right for you?

Here are some other products that might meet your business needs:

Business overdraft

  •  A line of credit available to help your cash flow
  • Overdrafts from $2,000 available

Go to Business overdraft

Bank guarantee

  • Guarantee payment to a third-party, including landlords, partners, and suppliers
  • Guarantees from $5,000

Go to Bank guarantee

Market rate loan

  • Get a transparent market rate 
  • For loans from $500,000

Go to Market rate loan

Car & equipment finance

  • Tailored to fund eligible income-generating equipment
  • Equipment loan, finance lease and hire purchase available

Go to Car & equipment finance

Things you should know

  • This information is current as at 5 August 2022 and is prepared without taking into account your individual and/or business needs and objectives. Rates are subject to change. Fees, charges and Terms & Conditions apply.

    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. 

    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.

    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.