Help & support
BizExpress is a faster way for eligible businesses to apply for business loans and finance. It's used when you apply online and may also be used when you apply through a Banker. With BizExpress, we use information that we already hold about you or that you supply to streamline and speed up your application process.
With a loan, you’re given the amount in a lump sum and charged interest on the whole amount, which you'll pay off over a period of time. Loans are generally taken when you need to make a purchase upfront and in full.
An overdraft is linked to your transaction account and allows you to access additional funds when your account balance reaches zero. You’re only charged interest once you use the money, and you’re only charged interest on the amount you use. Overdrafts are a way of making sure money is there if you should need it. For example, to manage unexpected expenses.
This information is current as at 10 November 2023 and is for general information purposes only. It has been prepared without considering your objectives, financial situation or needs. You should consider the appropriateness of this information to your circumstances before acting on it.
1 An instant decision is subject to the Bank's eligibility and suitability criteria.
2 Line fee: It is charged on your limit or outstanding balance, whichever is highest in that period. It is calculated daily but charged on first day of each charging period (monthly, quarterly or semi-annually) while the limit remains in place. On cancellation of the limit, payable to the cancellation date and charged on the first day of the charging period following cancellation of the limit.
If you exceed your business overdraft limit, your line fee rate will stay the same (and other fees and interest charges may apply, such as an Overdrawing Approval Fee and Excess Drawing Rate). Your line fee will be charged on the total balance, meaning it will apply to your approved overdraft limit plus the amount you exceed the limit by.
Credit provided by the Commonwealth Bank of Australia. These products are only available to approved business customers and for business purposes only. This offer cannot be used to refinance existing debt or purchase an asset. 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, Electronic Banking, Business Savings and Transaction Accounts, CommBiz, NetBank, and Financial Services Guide and the Target Market Determination and consider them before making any decision about these products. Fees, charges and Terms & Conditions apply.
Rates and fees are subject to change without notice. Full terms and conditions are available on application. Bank and Government charges may apply. Rates and fees apply to Business Overdrafts linked with the following eligible business accounts: Business Transaction Account, Society Cheque Account, Standard Business Cheque Account Bearing Interest, Standard Business Cheque Account Not Bearing Interest, BBSW 30 Day Rate Account, CommBank Community Account, Overdraft Cheque Account (excluding Simple Business Overdraft).