{
  "source": "https://digital-api.bankofmelbourne.com.au/cds-au/v1/banking/products/BOMVariableRateSmallBusinessLoan",
  "note": "Product Reference Data published by the data holder under the Consumer Data Right, as cached by this site (refreshed every 6 hours).",
  "data": {
    "productId": "BOMVariableRateSmallBusinessLoan",
    "lastUpdated": "2026-05-15T04:04:04Z",
    "productCategory": "BUSINESS_LOANS",
    "name": "Variable Rate Small Business Loan",
    "description": "With one of the longest business lending terms in the market, we can help you grow your business whilst optimising your repayments.",
    "brand": "Bank of Melbourne",
    "isTailored": false,
    "additionalInformation": {
      "overviewUri": "https://www.bankofmelbourne.com.au/business/business-loans/small-business-loans",
      "termsUri": "https://www.bankofmelbourne.com.au/business/business-loans/small-business-loans",
      "eligibilityUri": "https://www.bankofmelbourne.com.au/business/business-loans/small-business-loans",
      "feesAndPricingUri": "https://www.bankofmelbourne.com.au/business/business-loans/small-business-loans"
    },
    "features": [
      {
        "featureType": "OTHER",
        "additionalInfo": "Repayment options : Flexible repayment options."
      },
      {
        "featureType": "OTHER",
        "additionalInfo": "Tax Savings: Potential tax benefits."
      },
      {
        "featureType": "OTHER",
        "additionalInfo": "No business size requirement"
      },
      {
        "featureType": "OTHER",
        "additionalInfo": "No fees for making extra repayments on a variable interest rate loan "
      },
      {
        "featureType": "REDRAW",
        "additionalInfo": "With variable rate, you can make extra payments, which could reduce interest paid over the life of the loan. Redraw allows you to make extra payments and access these funds later."
      },
      {
        "featureType": "OTHER",
        "additionalInfo": "Make additional repayments without penalty."
      },
      {
        "featureType": "OTHER",
        "additionalInfo": "Security options include cash, property, a guarantee or business assets."
      },
      {
        "featureType": "OTHER",
        "additionalInfo": "Flexible repayment structures include Interest Only or Principle, Interest and Fees."
      },
      {
        "featureType": "EXTRA_REPAYMENTS",
        "additionalInfo": "Subject to terms and conditions, this product has EXTRA_REPAYMENTS option available."
      },
      {
        "featureType": "RELATIONSHIP_MANAGEMENT",
        "additionalInfo": "Relationship management is available for eligible customers."
      }
    ],
    "constraints": [
      {
        "constraintType": "MIN_LIMIT",
        "additionalValue": "20000.00",
        "additionalInfo": "Borrow from $20,000 and above"
      },
      {
        "constraintType": "OTHER",
        "additionalInfo": "Loan term up to 30 years, depending on rate option chosen and security provided."
      }
    ],
    "eligibility": [
      {
        "eligibilityType": "MIN_AGE",
        "additionalValue": "18",
        "additionalInfo": " An individual 18 years and above"
      },
      {
        "eligibilityType": "OTHER",
        "additionalInfo": "A business entity or an individual 18 years and above, domiciled in Australia and require the funding wholly or predominantly for business purposes"
      },
      {
        "eligibilityType": "OTHER",
        "additionalInfo": "Meets the credit criteria and credit policy requirements under an applicable offer for this product."
      }
    ],
    "lendingRates": [
      {
        "lendingRateType": "VARIABLE",
        "rate": "0.0923",
        "calculationFrequency": "P1D",
        "applicationType": "PERIODIC",
        "applicationFrequency": "P1M",
        "interestPaymentDue": "IN_ARREARS",
        "repaymentType": "PRINCIPAL_AND_INTEREST",
        "loanPurpose": "OTHER",
        "additionalInfo": "Business Loan Rate"
      }
    ]
  }
}