--- title: "Business Essentials Term Loan Special Offer — 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/BELSPEC source: "CDR Compare" language: en-AU last_updated: 2026-07-22T14:00:00.000Z --- # Business Essentials Term Loan Special Offer — 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:** 6.74% (Variable) ## 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 | | --- | --- | --- | --- | | Variable (New Lending. Residential Security; Add 0.50% p.a. margin for commercial security.) | 6.74% | — | $1,000,000 - $5,000,000 | | Variable (New Lending. Residential Security; Add 0.50% p.a. margin for commercial security.) | 6.74% | — | $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 | 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 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 Business Ready Package depending on eligibility criteria.** ## Eligibility - **Business customers** (You must be a registered Australian business with a current ABN or ACN.) - **You need to have security such as residential property, commercial or industrial property, or a combination of these.** - **You will also need to provide a completed application with supporting documentation including 2 most recent consecutive years of financial information.** ## 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.suncorp.com.au/banking/business/lending/loans/small-business-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: `BELSPEC` - Last updated by the provider: 22 July 2026 - Source payload (JSON): https://www.cdrcompare.au/api/raw/suncorp-bank/BELSPEC - 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/BELSPEC) — product data published by Australian data holders under the Consumer Data Right. 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