Variable Rate Small Business Loan
Business LoansData Sharing Status
With one of the longest business lending terms in the market, we can help you grow your business whilst optimising your repayments.
- From
- 9.23%
- Variable
Interest Rates
| Type | Rate | Comparison | Applies To |
|---|---|---|---|
| Variable Business Loan Rate | 9.23% | — | — |
Features
- Repayment options : Flexible repayment options.
- Tax Savings: Potential tax benefits.
- No business size requirement
- No fees for making extra repayments on a variable interest rate loan
- Redraw facility
- 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.
- Make additional repayments without penalty.
- Security options include cash, property, a guarantee or business assets.
- Flexible repayment structures include Interest Only or Principle, Interest and Fees.
Eligibility
- 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 — $20,000.00Borrow from $20,000 and above
- Loan term up to 30 years, depending on rate option chosen and security provided.
More Information
Published by Bank of Melbourne under the Consumer Data Right · Last updated 15 May 2026 · Product ID BOMVariableRateSmallBusinessLoan · View on CDR.gov.au · View Source Data (JSON)