Business Loan
Borrow funds for a Commercial or Business purpose with a variable or fixed interest rate.
- From
- 7.39%
- Fixed
Interest Rates
| Type | Rate | Comparison | Applies To |
|---|---|---|---|
| Fixed · 1 year Principal and interest, interest only, guarantor loans. Residential Security. Fixed interest rates as shown are for loans with a maximum loan to valuation ratio of 80%. Should the loan to valuation ratio exceed 80% then the interest rate is subject to negotiation on application. A fixed rate break cost fee may be payable and equates to a reasonable estimate of our loss caused by the break. | 7.39% | — | — |
| Fixed · 2 years Principal and interest, interest only, guarantor loans. Residential Security. Fixed interest rates as shown are for loans with a maximum loan to valuation ratio of 80%. Should the loan to valuation ratio exceed 80% then the interest rate is subject to negotiation on application. A fixed rate break cost fee may be payable and equates to a reasonable estimate of our loss caused by the break. | 7.42% | — | — |
| Fixed · 3 years Principal and interest, interest only, guarantor loans. Residential Security. Fixed interest rates as shown are for loans with a maximum loan to valuation ratio of 80%. Should the loan to valuation ratio exceed 80% then the interest rate is subject to negotiation on application. A fixed rate break cost fee may be payable and equates to a reasonable estimate of our loss caused by the break. | 7.42% | — | — |
| Fixed · 4 years |
Fees
| Fee | Type | Amount |
|---|---|---|
| Loan Establishment Fee Mortgage establishment, Mortgage extension and Guarantee establishment fees are also payable, valuations and legal service work such as mortgage preparation charged at cost. | Upfront | $800.00 |
| Business Establishment Fee | Upfront | $800.00 |
| Redraw Fee | Transaction | $25.00 |
| Redraw Fee | Transaction | $25.00 |
| Contract Variation/Consent Fee | Event | $300.00 |
| Mortgage Discharge Fee | Transaction | $250.00 |
| QuickDebit Dishonour Fee | Event | $15.00 |
| Loan Administration Fee Charged monthly | Ongoing | $8.00 |
Features
- Digital banking
- Open accounts, check balances, view transactions, transfer funds, schedule payments, BPAY, eStatements, SMS alerts, activate cards, change card PIN, mark card lost or stolen, loan redraw, loan status update, accept loan contracts and send secure messages.
- Extra repayments
- Unlimited extra repayments
- Guarantor supported
- Notifications — Event based notifications.
- Real-time payments (NPP)
- PayID
- Set up a pay ID to receive lightning fast payments.
- Save on paper, receive and view your statements online with eStatements.
Eligibility
- Minimum age — 18 years
- Lending criteria apply.
- Residency status — A Permanent Australian Resident including those working overseas. Borrowing entities must be a Permanent Resident of Australia,
Constraints
- Minimum limit — $30,000.00
More Information
Published by Summerland Bank under the Consumer Data Right · Last updated 30 June 2026 · Product ID 64 · View on CDR.gov.au