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What you'll need

    • To be an Administrator or Authoriser to access the Market Rate Loan dashboard
    • Your MRL must be linked to your CommBiz service

Launch the MRL dashboard

    1. Log on to CommBiz
    2. Go to Functions, then select Service Requests, then Market Rate Loan
    3. Select Launch Dashboard

Create a new request

  • A new drawdown request with today's funding date must be submitted before 3pm (Syd/Melb time)
  • The minimum drawdown amount is $20,000
  • Market Rate Loan drawdown requests can be scheduled up to 30 days in advance
  1. Log on to CommBiz. Go to Functions, select Service Requests, then Market Rate Loan
  2. Select New Drawdown request
  3. Select an arrangement from the dropdown

    Note: If the arrangement balance is less than $20,000, you won't be able to proceed. Select another arrangement or contact your Relationship Manager. 
  4. Complete the mandatory fields

    Notes: The loan funding date can be set for up to 30 days in advance and must be a Sydney business day.

    The crediting account is where you'd like the funds to be credited into. Select from the dropdown if there's more than one account available.
  5. Scroll to the reset date and repayment details section and select an option

    Note: The Copy & Modify option is useful if you'd like to use all or some of the interest and repayment details from an existing MRL account. This saves you having to fill out details for your New Drawdown account.
  6. Complete the reset date and repayment details, then select Review & Submit
  7. On the Review drawdown request details pop-up, select Cancel to modify the details, or Authenticate & Submit (or just close it)
  8. In the Step-up authentication section, enter your log on details, then Submit

Requests for MRL balance increase can only be processed on the reset date of the selected account
  • If the MRL reset date is today, the balance increase request must be submitted before 3pm (Syd/Melb time)
  • There's a minimum balance increase amount of $20,000
  • MRL balance increase requests can be scheduled up to 30 days in advance.

 

  1. Log on to CommBiz. Go to Functions, select Service Requests, then Market Rate Loan
  2. Select Balance Increase/Decrease request
  3. On the Create Balance Increase/Decrease request page, select an arrangement
  4. Select the relevant loan account

    Note: The available balance is the difference between the arrangement limit and the combined loan balances for loan accounts under the arrangement. 
  5. Select Increase loan amount

    Note: If you select an IRRM account, you won't be able to proceed. Select another account or contact your Relationship Manager.
  6. Enter the amount you'd like to add to your loan balance
  7. Select a crediting account from the dropdown if there's more than one account available

    Note: The crediting account is where you'd like the funds to be credited into.
  8. Select the tickbox to acknowledge the processing date, then select Review & Submit
  9. On the Review increase request details pop-up, select Cancel to modify the details, or Authenticate & Submit (or just close it)
  10. In the Step-up authentication section, enter your log on details, then Submit

  • Requests for MRL balance decrease can only be processed on the reset date of the selected account
  • If the MRL reset date is today, the balance decrease request must be submitted before 3pm (Syd-Melb time)
  • Balance decrease for loan accounts with a loan balance of less than $20,000 will have the decrease amount defaulted to the remaining loan balance (and can't be changed on CommBiz)
  • MRL balance decrease requests can be scheduled up to 30 days in advance
  1. Log on to CommBiz. Go to Functions, select Service Requests, then Market Rate Loan
  2. Select Balance Increase/Decrease request
  3. On the Create Balance Increase/Decrease request page, select an arrangement
  4. Select the relevant loan account

    Note: The available balance is the difference between the arrangement limit and the combined loan balances for loan accounts under the arrangement. 
  5. Select Decrease loan amount

    Note: If you select an IRRM account, you won't be able to proceed. Select another account or contact your Relationship Manager.
  6. Enter the decrease amount you'd like to reduce the loan balance by
  7. If you'd like to reduce the arrangement limit by the decrease amount, select Yes. Otherwise, select No
  8. Select a debiting account

    Note: The debiting account is where you'd like the funds to be taken from. Select from the dropdown if there's more than one account available.
  9. Select the tickbox to acknowledge the processing date, then select Review & Submit
  10. On the Review decrease request details pop-up, select Cancel to modify the details, or Authenticate & Submit (or just close it)
  11. In the Step-up authentication section, enter your log on details, then Submit

  • Requests for MRL consolidation can only be processed on the reset date of the selected loan accounts
  • If the MRL reset date is today, the consolidation request must be submitted before 3pm (Syd/Melb time)
  • If you chose to consolidate and increase your loan balance within the same request, there's a minimum balance increase amount of $20,000
  • Market Rate Loan consolidation requests can be scheduled up to 30 days in advance
  1. Log on to CommBiz. Go to Functions, select Service Requests, then Market Rate Loan
  2. Select Consolidation request
  3. On the Create consolidation request page, select an arrangement
  4. Select the loan accounts you'd like to consolidate by selecting the checkbox beside each

    Note: Once the first loan account is selected, only accounts with the same reset date will be available.
  5. When at least two loan accounts have been selected, the Request for Increase/Decrease panel will display. Select from the following:

    • No thanks, just consolidate my Loan Accounts - consolidate your selected loan account(s) and keep the sum of the loan balance displayed as is
    • Yes, consolidate and Increase my Loan Balance - consolidate your selected loan account(s) and nominate an amount to increase the total loan balance by
    • Yes, consolidate and Decrease my Loan Balance - consolidate your selected loan account(s) and nominate an amount to reduce the total loan balance by 
  6. Depending on your selection, complete the mandatory fields
  7. Select the tickbox to acknowledge the processing date, then select Review & Submit

View all requests

Any event that's scheduled for your loan was created with a request. To view the status of each request, go to the Market Rate Loan dashboard. Select In Progress, Processed or Expired, then select View details for more information.

My requests table on the market rate loan dashboard which shows the requests in progress

View upcoming events

Anything scheduled to happen to your arrangement is called an event. You can view these, up to 12 months in advance, on the Market Rate Loan dashboard.

Select the month to view the number of scheduled events. These are also displayed in red circles above each month.

The Market Rate Loan Dashboard which shows linked arrangements and upcoming events

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Things you should know

  • This guide is published solely for information purposes. As this guide has been prepared without considering  your objectives, financial situation or needs, you should consider its appropriateness to your circumstances and if necessary seek the appropriate professional advice before acting on the information in this guide. Where this guide is inconsistent with the Current Terms and Conditions for Business Finance or the CommBiz Terms and Conditions, the Current Terms and Conditions for Business Finance and the CommBiz Terms and Conditions prevail to the extent of such inconsistency.