Business Essentials Loan
Loan finance up to and including $5 million to support small business expansion, capital purchases and more.
- From
- 6.64%
- Fixed
Interest Rates
| Type | Rate | Comparison | Applies To |
|---|---|---|---|
| Fixed · 1 year 1 Year Fixed Interest In Advance. Residential Security; Add 0.50% p.a. margin for commercial security | 6.64% | — | $20,000 - $999,999 |
| Fixed · 1 year 1 Year Fixed Interest In Advance. Residential Security; Add 0.50% p.a. margin for commercial security | 6.64% | — | $1,000,000 - $5,000,006 |
| Fixed · 1 year New Lending. Residential Security; Add 0.50% p.a. margin for commercial security | 6.69% | — | $20,000 - $999,999 |
| Fixed · 1 year New Lending. Residential Security; Add 0.50% p.a. margin for commercial security | 6.69% | — | $1,000,000 - $5,000,001 |
| Fixed · 2 years New Lending. Residential Security; Add 0.50% p.a. margin for commercial security |
Fees
| Fee | Type | Amount |
|---|---|---|
| Cashback Fee Variable Rate only. No charge applies for the first Cashback transaction per calendar month. Cashback fee may be charged and rebated. A fee for each Cashback withdrawal applies. Minimum withdrawal amount is $1000. | Event | $20.00 |
| Establishment Fee New term loans between $20,000 and $999,999 | Event | $1,000.00 |
| Establishment Fee New term loans between $1,000,000 and $5,000,000 | Event | 0.25% of transaction |
| Guaranteed Rate Fee A Guaranteed Rate Fee secures a fixed rate for 90 days following your application. This fee is non refundable. Only applies to new 1, 2, 3, 4 and 5 year fixed rate term loans. If applicable, the higher of $600 or 0.15% of the amount borrowed (excluding other fees which are financed by the loan) | Other | From $0.00 |
| Monthly Account Keeping Fee Charged monthly · Not applicable for Annual Interest in Advance loans | Ongoing | $15.00 |
| Progressive Funding Fee Determined at Application. Variable Rate only. Applies at loan settlement or first draw (at the Bank’s discretion) for any part of the loan provided for construction purposes. |
Features
- Digital banking
- Fixed & variable rate options
- Offset account
- Reduce your interest repayments with our offset feature (variable only). The funds in your linked Suncorp Bank business transaction account will offset, or reduce, the balance of your Small Business Essentials Loan.
- Redraw facility
- Manage your cash flow with our Cashback feature, enabling you to access any extra money you've paid into your loan (variable only)
- Split your loan across fixed and variable rates. You can choose to split your loan and fix a portion of your borrowings at a fixed interest rate for greater budgeting certainty.
- Flexible security options – residential, commercial/industrial or a mix of these options
- Principal and Interest (P&I) or Interest-only (IO) repayment options
Eligibility
- Business customersYou must be a registered Australian business with a current ABN or ACN.
- You will also need to provide a completed application with supporting documentation including 2 most recent consecutive years of financial information.
- You need to have security such as residential property, commercial or industrial property, or a combination of these.
Constraints
- Minimum limit — $20,000.00Minimum Loan Limit of $20,000
- Maximum limit — $5,000,000.00Maximum Loan Limit of $5,000,000
More Information
Published by Suncorp Bank under the Consumer Data Right · Last updated 31 May 2026 · Product ID BEL · View on CDR.gov.au