BetterBusiness Loan
A simple loan to help you manage or grow your business. It can be secured or unsecured with flexible repayment options. For Businesses that want to borrow from $10,000 for business purposes, want to make extra repayments and access them with redraw, want to pay interest only on the amount they owe and want flexibility in how they repay their loan.
- From (investment)
- 0%
- Fixed
Interest Rates
| Type | Rate | Comparison | Applies To |
|---|---|---|---|
| Fixed Rates and fees differ based on the type of security you provide for your loan, your loan amount and other factors. We'll confirm what they are in your Letter of Offer. | 0% | — | — |
| Variable Rates and fees differ based on the type of security you provide for your loan, your loan amount and other factors. We'll confirm what they are in your Letter of Offer. | 7.29% | — | — |
| Variable Rates and fees differ based on the type of security you provide for your loan, your loan amount and other factors. We'll confirm what they are in your Letter of Offer. | 8.35% | — | — |
| Variable Rates and fees differ based on the type of security you provide for your loan, your loan amount and other factors. We'll confirm what they are in your Letter of Offer. | 8.35% | — | — |
| Variable Rates and fees differ based on the type of security you provide for your loan, your loan amount and other factors. We'll confirm what they are in your Letter of Offer. | 10.43% | — |
Fees
| Fee | Type | Amount |
|---|---|---|
| Establishment and security processing fee Fee charged to establish or refinance a facility. This may be a dollar amount or percentage of the facility limit. May be charged at establishment, limit increase or loan term extension. | Upfront | Variable |
| Monthly loan service fee Charged monthly · Fee charged for each loan account to cover the ongoing administration costs of making the loan available. Charged as a fixed fee. Does not apply for loans funded under the SME Guarantee Scheme. | Ongoing | $35.00 |
| Other fees apply Rates and fees differ based on the type of security you provide for your loan, your loan amount and other factors. Monthly loan service fee, Other fees apply. We'll confirm what they are in your Letter of Offer. Fees include Loan establishment fee, Monthly loan service fee or other fees. Does not apply for loans funded under the SME Guarantee Scheme. | Other | Variable |
| Early Repayment Adjustment Applies only to Fixed rate loans - to cover break cost of modifying or terminating a fixed loan contract. Fee charged when a customer with a fixed rate loan repays prior to scheduled maturity (irrespective of the circumstances causing the early repayment) and the Bank makes a loss due to the pre-payment. Does not apply for loans funded under the SME Guarantee Scheme. | Variation | Variable |
| Administration Fee Applies only to Fixed rate loans - to cover the administration and documentation costs of modifying or terminating a fixed loan contract, including the cost of calculating the Early Repayment Adjustment (ERA). Does not apply for loans funded under the SME Guarantee Scheme. |
Features
- Digital banking
- Digital access is available via Netbank, CommBank App and CommBiz.
- Guarantor supported
- For secured loans you can nominate a guarantor during the origination process.
- Redraw facility
- If you're on a variable interest rate, you may be able to withdraw any additional repayments you make on your loan anytime. You can easily access your redraw online, through NetBank, the CommBank app or CommBiz.
- Relationship management
- Relationship management is available for eligible customers.
- Discounted finance for eligible new environmental projects on your farm. Redraw is not available for Agri Green Loan. Other rates, fees,charges, lending criteria and T&C's apply.
- Discounted finance for eligible new projects or assets. Redraw is not available for Business Green Loan. Other rates, fees,charges, lending criteria and T&C's apply.
Eligibility
- Business customersBusinesses of any size, including sole traders, partnerships, trusts and registered companies.
- Business customersGroups or individuals using the lending facility for business purposes.
- Agri Green Loan applicant must have a cash balance or loan balances of more than $1 million, and have a demonstrated farming related income.
- Agri Green Loan application for financing must be for an eligible environment project.
- Business Green Loan applicant must have a cash balance or loan balances of more than $1 million.
- Business Green Loan application for financing must be for an eligible project or asset.
- You have a minimum 30% deposit (for secure loans) as well as cash reserves to demonstrate that you can operate the business for at least the first 3 months.
- You haven't been declared bankrupt in the last 5 years.
- You haven't been overdrawn or had your account in arrears anytime in the past 3 months.
- You haven't had any accounts in collections in the past 6 months.
Constraints
- Maximum limit — $5,000,000.00SME Guarantee Scheme BetterBusiness Loans had a maximum limit of $5,000,000.
- Minimum limit — $10,000.00BetterBusiness Loan has a minimum limit of $10,000
More Information
Published by CommBank under the Consumer Data Right · Last updated 16 July 2026 · Product ID d7c55e295f504692a54360f0d2092c23 · View on CDR.gov.au