Business loans rates

At a glance compare business loans variable and fixed rates to work out what best suits your business needs. 

Variable rates

Variable rates current on and from 22 September 2014

Rate name Variable rate
(Base rate only, a margin may apply)
Small Business Loan Rate 5.90% p.a.
Small Business Overdraft Rate 7.10% p.a.
Business Development Rate 7.01% p.a.
Overdraft Business Rate 7.83% p.a.
Business Equity Access Rate  6.13% p.a.

  • A margin may apply depending on the type of security provided, the purpose for which the finance is required or the term of the facility
  • Interest is calculated daily on the balance used, and charged monthly.

 

Fixed rates

Fixed rates current on and from 15 September 2014.

Term Fixed rate for business loans
(Base rate only, a margin may apply)
1 year 5.58%
2 year 5.75%
3 year 5.94%
4 year 6.15%
5 year 6.35%
7 year 7.16%
10 year 8.07%

  • At the end of the fixed rate period, your loan will automatically change to a variable rate loan and the interest rate will automatically change to a variable base rate plus any margins current at the time
  • A margin may apply depending on the type of security provided
  • There are no fixed rates available for Business Equity Access Loans & Business Overdraft.
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