Business Essentials Term Loan Special Offer
Loan finance up to and including $5 million to support small business expansion, capital purchases and more.
- From
- 6.74%
- Variable
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 |
| 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 | 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 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 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 — $20,000.00Minimum 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 14 May 2026 · Product ID BELSPEC · View on CDR.gov.au