---
title: "BetterBusiness Loan — CommBank"
description: "Business Loans from CommBank. Rates, fees, features and eligibility as published under Australia's Consumer Data Right."
canonical: https://www.cdrcompare.au/brands/commbank/products/d7c55e295f504692a54360f0d2092c23
source: "CDR Compare"
language: en-AU
last_updated: 2026-08-30T08:01:04.000Z
---

# BetterBusiness Loan — CommBank

> Business Loans from CommBank. Rates, fees, features and eligibility as published by the provider under Australia's Consumer Data Right, compared on CDR Compare.

**Business Loans · Negotiable rates**

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.

## At a glance

- **From (investment):** 0% (Fixed)

## Apply

Applications are handled by the provider: [Apply at CommBank](https://www.commbank.com.au/business/loans-and-finance/betterbusiness-loan.html)

## 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% | — | — |
| 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% | — | — |
| Variable (Maximum 7 year loan term. 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.) | 12.84% | — | — |

## 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. | Event | $300.00 |
| Redraw Balance Fee — Fee charged for redraw balances over $100,000. Calculated as a percentage of the available redraw balance exceeding $100,000 | Other | 0.49% of balance |
| Non-standard interest premium — Fee charged when the interest charging frequency deviates from the standard monthly cycle (e.g. quarterly, semi-annually or annually). Please refer to your letter of offer and the offer confirmation document to confirm the rate. | Variation | 0.1% of transaction |
| Commitment Fee — Charged monthly · Fee charged when the loan has not been fully drawn within one month from the date the offer is accepted. Charged monthly in advance while the outstanding commitment/undrawn balance exceeds $25,000. | Ongoing | 0.15% of transaction |

## 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.**
- **The Business Boost Loan loans are not available from 14 November 2025. Borrow up to $100,000 with an up-front establishment fee, 3 month repayment holiday at the start of the loan and pay no interest on your loan. Other rates, fees, charges, lending criteria and T&C's apply.**
- **For business customers who want to borrow a set amount of money to pay back over a set loan term. Customers can choose to provide an asset, like a residential and/or commercial property, as security. Depending on whether a loan is secured or unsecured, total loan terms of up to 30 years are available subject to the Bank's eligibility and suitability criteria. Suitable for various business costs and investment purposes. Choose a fixed or variable interest rate, loan term, repayment frequency and type (interest only, principal and interest, or both).**
- **The SME Guarantee Schemes loans are not available from 30 June 2022. Discounted finance for eligible customers was available for loans ranging from $10,000 to $5,000,000. Other rates, fees,charges, lending criteria and T&C's apply.**
- **You can refinance existing business purpose debt.**

## Eligibility

- **Business customers** (Businesses of any size, including sole traders, partnerships, trusts and registered companies.)
- **Business customers** (Groups 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** — $5,000,000.00 (SME Guarantee Scheme BetterBusiness Loans had a maximum limit of $5,000,000.)
- **Minimum limit** — $10,000.00 (BetterBusiness Loan has a minimum limit of $10,000)

## More information from CommBank

- [Overview](https://www.commbank.com.au/business/loans-and-finance/betterbusiness-loan.html)
- [Terms & conditions](https://www.commbank.com.au/important-info/business/business-finance.html)
- [Eligibility](https://www.commbank.com.au/business/loans-and-finance/betterbusiness-loan.html)
- [Fees & pricing](https://www.commbank.com.au/business/loans-and-finance/betterbusiness-loan.html)

## Data provenance

- Published by CommBank under the Consumer Data Right
- Product ID: `d7c55e295f504692a54360f0d2092c23`
- Last updated by the provider: 30 August 2026
- Source payload (JSON): https://www.cdrcompare.au/api/raw/commbank/d7c55e295f504692a54360f0d2092c23
- Provider page: https://www.cdrcompare.au/brands/commbank
- CDR register entry: https://www.cdr.gov.au/find-a-provider?provider=000008

---

Source: [CDR Compare](https://www.cdrcompare.au/brands/commbank/products/d7c55e295f504692a54360f0d2092c23) — product data published by Australian data holders under the Consumer Data Right. Not financial advice; no rankings, recommendations or affiliate relationships. Always confirm details with the provider.

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