Business Loan Variable Rate Interest Only
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
- 8.26%
- 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. | 8.26% | — | — |
Fees
| Fee | Type | Amount |
|---|---|---|
| Registration Fee Capped at $0.00 · Payable to us when there are additional costs associated with registration (for example, this may include a discharge of mortgage fee, transfer fee or any other dealing fee). | Upfront | Variable |
| 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 |
| Consent and Execution of Leases, Plans of Subdivision etc. Consent and Execution of Leases, Plans of Subdivision etc. | Event | $150.00 |
| Partial Release and Discharge of Security Fee Payable whenever we arrange for a Partial Release or Discharge of Security. | Exit | $250.00 |
| Settlement Fee Capped at $0.00 · Settlement fee is estimated at $300 per settlement. | Upfront | Variable |
| 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. |
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.
- Redraw facility
- Redraw available.
- Relationship management
- Eligible customers enjoy dedicated and personalised service from the Business Solutions team.
- Digital banking
- Internet Banking and Mobile Banking.
- Extra repayments
- You can make regular additional repayments and extra lump sum payments.
Eligibility
- Business customersAvailable for business purposes for individual and non-individual borrowers, including sole traders, and companies.
- Minimum age — 18 years
- 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_busFDAIO · View on CDR.gov.au · View Source Data (JSON)