Business Loans FAQS

Explore our new Business Loan Finder to help find a suitable option for your business needs and takes about 1 minute.

Lending criteria, Terms & Conditions and fees and charges apply.

Due to the fluctuating nature of this facility, it's only available with a variable interest rate.

The Commercial Overdraft is designed for working capital and other fluctuating finance requirements. It's not suitable for asset funding purposes. Our range of Equipment Finance and business and commercial term loan facilities are more appropriate for longer-term asset funding.

If you want to fix your interest rates, we can convert your variable loan to a fixed loan. A renegotiation fee may apply and the appropriate documentation must be executed before the fixed interest rate applies.

The Business Loan is designed to fund capital expenditure for longer-term investment and/or business purposes (e.g. property purchase). A Commercial Overdraft may be more appropriate for cash flow funding.

You can change to a principal and interest amortising facility or to an interest-in-advance facility at the end of a fixed interest rate term. If the repayment type is changed during the fixed interest rate term, break costs may be incurred.

A Business Loan with a variable rate would better suit this purpose. You can’t add to the principal balance of a Business Loan with a fixed rate during the fixed interest rate period. If more than one drawing is required while the rate is fixed for a period of time, break costs may be incurred.

If you want to re-fix the interest rate during a current fixed interest rate period, a fee will apply, and break costs may apply.