Bank Bill Business Loan
A flexible term lending facility of $250,000 or more with market-linked pricing. Suitable for businesses seeking funding for; business acquisition, expansion, or investment in property, plant or equipment.
Fees
| Fee | Type | Amount |
|---|---|---|
| Line Fee Charged monthly · Negotiable % p.a. This fee is calculated daily from the date of first drawdown. It is Payable in arrears on the last business day of each repayment period and depends on the facility limit. | Ongoing | Variable |
| Loan Service Fee Charged monthly · This fee is payable in line with the Repayment Period (i.e. monthly, quarterly, or half-yearly) and is debited from customer's nominated account (For example if quarterly repayments the fee would be $120.00 per quarter) This can be waived with TPC approval. | Ongoing | $40.00 |
| Lending Establishment Fee 0.6% of the facility limit / min $600 | Upfront | Variable |
| Valuation Costs - Residential Property Standard residential valuation costs for business bank are not passed onto the customer. Commercial valuation report costs will vary between each panel valuer firm. Panel firms are to be contacted for quotes for commercial property valuation reports. | Event | Variable |
| Valuation Costs - Commercial Property Commercial valuation report costs will vary between each panel valuer firm. Commercial Property Valuation Panel Firms are to be contacted for quotes for commercial property valuation reports. | Event | Variable |
| Discharge Fee Payable when we agree to discharge a security linked to the facility. Payable per LTO security. | Exit | $350.00 |
Features
- Market linked pricing, with simple interest in arrears calculation
- Short or long term funding aligned to the life of the underlying asset and/or to match customer cash flow
- Variable or fixed rate options available
- Flexible repayment options are available
- Digital banking
- Business Banking Online access.
- Automatic rollovers
- Variable Rate Facilities : Ability to make additional repayments without penalty
- Fixed Rate Facilities : Provides interest rate certainty for the duration of the fixed interest term
Eligibility
- Business customersNew and existing business customers. The loan should be used for business and/or investment purposes
- This product is applicable for commercial Banking Industry & Property customers
- Applicants may be individuals, businesses, partnerships or trustees
- Minimum age — 18 years An individual 18 years and above
- A business entity or an individual 18 years and above, domiciled in Australia and require the funding wholly or predominantly for business purposes
- Meets the credit criteria and credit policy requirements under an applicable offer for this product.
Constraints
- Minimum limit — $250,000.00
- Minimum loan term 30 days and Maximum loan term is 30 years
More Information
Published by Bank of Melbourne under the Consumer Data Right · Last updated 8 May 2026 · Product ID BOMBankBillBusinessLoan · View on CDR.gov.au · View Source Data (JSON)