--- title: "Business Essentials Loan — Suncorp Bank" description: "Business Loans from Suncorp Bank. Rates, fees, features and eligibility as published under Australia's Consumer Data Right." canonical: https://www.cdrcompare.au/brands/suncorp-bank/products/BEL source: "CDR Compare" language: en-AU last_updated: 2026-07-22T14:00:00.000Z --- # Business Essentials Loan — Suncorp Bank > Business Loans from Suncorp Bank. Rates, fees, features and eligibility as published by the provider under Australia's Consumer Data Right, compared on CDR Compare. **Business Loans** Loan finance up to and including $5 million to support small business expansion, capital purchases and more. ## At a glance - **From:** 6.64% (Fixed) ## Apply Applications are handled by the provider: [Apply at Suncorp Bank](https://www.suncorpbank.com.au/business-banking/lending/small-business-essentials-loan.html) ## 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% | — | $1,000,000 - $5,000,006 | | 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 (New Lending. Residential Security; Add 0.50% p.a. margin for commercial security) | 6.69% | — | $1,000,000 - $5,000,001 | | Fixed · 1 year (New Lending. Residential Security; Add 0.50% p.a. margin for commercial security) | 6.69% | — | $20,000 - $999,999 | | Fixed · 2 years (New Lending. Residential Security; Add 0.50% p.a. margin for commercial security) | 6.92% | — | $1,000,000 - $5,000,002 | | Fixed · 2 years (New Lending. Residential Security; Add 0.50% p.a. margin for commercial security) | 6.92% | — | $20,000 - $999,999 | | Fixed · 3 years (New Lending. Residential Security; Add 0.50% p.a. margin for commercial security) | 6.99% | — | $1,000,000 - $5,000,003 | | Fixed · 3 years (New Lending. Residential Security; Add 0.50% p.a. margin for commercial security) | 6.99% | — | $20,000 - $999,999 | | Fixed · 4 years (New Lending. Residential Security; Add 0.50% p.a. margin for commercial security) | 7.22% | — | $1,000,000 - $5,000,004 | | Fixed · 4 years (New Lending. Residential Security; Add 0.50% p.a. margin for commercial security) | 7.22% | — | $20,000 - $999,999 | | Fixed · 5 years (New Lending. Residential Security; Add 0.50% p.a. margin for commercial security) | 7.29% | — | $1,000,000 - $5,000,005 | | Fixed · 5 years (New Lending. Residential Security; Add 0.50% p.a. margin for commercial security) | 7.29% | — | $20,000 - $999,999 | | Variable (New Lending. Residential Security; Add 0.50% p.a. margin for commercial security) | 8.94% | — | $1,000,000 - $5,000,000 | | Variable (New Lending. Residential Security; Add 0.50% p.a. margin for commercial security) | 8.94% | — | $20,000 - $999,999 | ## 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 | | 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. | Other | From $0.00 | | Property Evaluation Fee - Commercial Security /Commercial Property Valuation Fee — Determined by a Valuer at the time of the loan application.This fee is payable at the time of application and is non-refundable | Other | From $0.00 | | Property Evaluation Fee – Residential Security / Residential Property Valuation Fee — Determined by a Valuer at the time of the loan application and payable at loan settlement. It will be notified to you in your Credit Contract as a combined total with any applicable Commercial Property Valuation Fee. This fee is payable for each valuation assessment of the loan security obtained by us under the loan application | Other | From $0.00 | | Guaranteed Rate Fee — A Guaranteed Rate Fee secures a fixed rate for 60 calendar 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 | ## 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** - **Choose weekly, fortnightly, or monthly repayments** - **Choose to pay more than your required minimum monthly repayment (variable only)** - **Make additional repayments or lump sum payments (variable only)** - **May form part of a Money Manager Package or Business Ready Package depending on eligibility criteria.** ## Eligibility - **Business customers** (You 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** — $20,000.00 (Minimum Loan Limit of $20,000) - **Maximum limit** — $5,000,000.00 (Maximum Loan Limit of $5,000,000) ## More information from Suncorp Bank - [Overview](https://www.suncorpbank.com.au/business-banking/lending/small-business-essentials-loan.html) - [Terms & conditions](https://www.suncorpbank.com.au/business-banking/lending/small-business-essentials-loan.html) - [Eligibility](https://www.suncorpbank.com.au/business-banking/lending/small-business-essentials-loan.html) - [Fees & pricing](https://www.suncorpbank.com.au/content/dam/suncorp/bank/documents/product-information/commercial-business-lending-fees-and-charges.pdf) ## Data provenance - Published by Suncorp Bank under the Consumer Data Right - Product ID: `BEL` - Last updated by the provider: 22 July 2026 - Source payload (JSON): https://www.cdrcompare.au/api/raw/suncorp-bank/BEL - Provider page: https://www.cdrcompare.au/brands/suncorp-bank - CDR register entry: https://www.cdr.gov.au/find-a-provider?provider=000101 --- Source: [CDR Compare](https://www.cdrcompare.au/brands/suncorp-bank/products/BEL) — 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. Site map: [all providers](https://www.cdrcompare.au/) · [how this works](https://www.cdrcompare.au/about) · [agent guide](https://www.cdrcompare.au/agents.md) · [llms.txt](https://www.cdrcompare.au/llms.txt) · [sitemap.xml](https://www.cdrcompare.au/sitemap.xml)