Business Loan Variable Rate Principal and Interest
If you need to borrow money for your business, whether it’s to purchase a property or any other business purpose, our Business Fully Drawn Advance can help you access the finance you need to reach your business goals.
- From
- 7.81%
- Variable
Interest Rates
| Type | Rate | Comparison | Applies To |
|---|---|---|---|
| Variable Base rate only, an additional margin is applied for security type (cash, residential and commercial) and the applicants credit risk. | 7.81% | — | — |
Fees
| Fee | Type | Amount |
|---|---|---|
| Application Fee Also known as establishment fee and payable when you accept the commercial letter of offer. (Does not apply to Residentially Secured Business Loan). | Upfront | 0.25% of balance |
| Interest Rate Conversion Fee Capped at $0.00 · Fee is payable for interest rate maintenance/conversion with a Letter of Variation or Letter of Advice. | Variation | $250.00 |
| Upfront Legal & Document Fees Capped at $0.00 · Minimum Fee is $250. The costs for reviewing documents and preparing security documents and facility agreements differ based on the type of security and other factors. The estimated fees will be provided in your Letter of Offer. | Upfront | Variable |
| Valuation Fee Capped at $0.00 · The cost of each valuation report required to be issued. | Upfront | Variable |
| Replacement Document Fee Capped at $0.00 · Fee is payable for replacement of documents due to the original documentation being lost or amendments to the original documents being required. | Replacement | $100.00 |
| Settlement Fee Capped at $0.00 · Settlement fee is estimated at $300 per settlement. |
Features
- Flexible repayment terms available up to a maximum of 30 years if residentially secured, or to a maximum of 20 years if commercial, industrial, cash or mixed security.
- Relationship management
- Eligible customers enjoy dedicated and personalised service from the Business Solutions team.
- Extra repayments
- You can make regular additional repayments and extra lump sum payments.
- Redraw facility
- Redraw available.
- Digital banking
- Internet Banking and Mobile Banking.
Eligibility
- Minimum age — 18 years
- Business customersAvailable for business purposes for individual and non-individual borrowers, including sole traders, and companies.
- Residency status — Available to permanent Australian Residents.
More Information
Published by Newcastle Permanent Building Society under the Consumer Data Right · Last updated 24 June 2026 · Product ID BL_busFDA · View on CDR.gov.au