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 11-May-15

Rate name Variable rate
(Base rate only, a margin may apply)
Small Business Loan Rate 5.40% p.a.
Small Business Overdraft Rate 6.60% p.a.
Business Development Rate 6.51% p.a.
Overdraft Business Rate 7.33% p.a.
Business Equity Access Rate  5.63% 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 3-Mar-15.

Term Fixed rate for business loans
(Base rate only, a margin may apply)
1 year 5.35%
2 year 5.12%
3 year 5.15%
4 year 4.99%
5 year 5.35%
7 year 5.90%
10 year 6.60%

  • 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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