---
title: "Business Vehicle Loan — Unity Bank"
description: "Business Loans from Unity Bank. Rates, fees, features and eligibility as published under Australia's Consumer Data Right."
canonical: https://www.cdrcompare.au/brands/unity-bank/products/L18_BUSINESS_VEHICLE_LOAN
source: "CDR Compare"
language: en-AU
last_updated: 2026-07-01T15:01:53.000+10:00
---

# Business Vehicle Loan — Unity Bank

> Business Loans from Unity Bank. Rates, fees, features and eligibility as published by the provider under Australia's Consumer Data Right, compared on CDR Compare.

**Business Loans · UNITY BANK**

Get a fixed business vehicle loan designed for business customers who need to replace, upgrade or purchase a new or used vehicle.

## Apply

Applications are handled by the provider: [Apply at Unity Bank](https://www.unitybank.com.au/forms/business-enquiry-form/)

## Fees

| Fee | Type | Amount |
| --- | --- | --- |
| SECURITY_GUARANTOR_FEE — Payable if a guarantor is listed on the loan schedule. | Upfront | $200.00 |
| LATE_PAYMENT_FEE — A fee charged when you don't make your minimum monthly payment, plus any overdue amount | Event | $15.00 |
| DEFAULT_NOTICE_FEE — A fee charged if you default on your repayments and we issue a default notice | Event | $50.00 |
| PAPER_STATEMENT_FEE — Charged monthly · A fee charged to cover the cost of producing and sending paper statements | Ongoing | $2.00 |
| FIXED_RATE_LOCK_FEE — A fee charged to guarantee the fixed interest rate quoted to you at loan approval for up to 90 days from the date of approval. The amount is $500.00 or 0.15% of the total fixed rate loan amount whichever is the higher. | Event | $500.00 |
| LOAN_ESTABLISHMENT_FEE_-_BUSINESS_VEHICLE_LOAN_(NEW) — A fee charged to set up a new Business Vehicle Loan | Upfront | $250.00 |

## Features

- **PayID** (Get faster payments between participating banks, anytime with Pay ID)
- **Real-time payments (NPP)**
- **1 to 7 years**
- **Flexible repayment options weekly, fortnightly or monthly**
- **You can make extra repayments or repay your loan in full at any time. Extra repayments may enable you to redraw funds, subject to conditions**
- **No PPSR (Personal Property Securities Register) fee is charged during the loan application**
- **Set repayments that won't change during the fixed term so you can lock in certainty**
- **Based on your choice of business finance option you could benefit from ongoing tax benefits**

## Eligibility

- **Minimum age** — 18 years (Individuals must have the legal capacity to enter into the loan contract, provide acceptable identification documentation and be 18 years or older)
- **Business customers** (Business customers purchasing a vehicle that will mostly (or entirely) be used for business purposes and have been established in the business undertaking for at least 2 years with a history of profitable operations)
- **Residency status** — Permanent Resident (You must be an Australian citizen or permanent resident to apply)
- **Applications for credit are subject to eligibility and suitability criteria and normal credit approval process.**
- **New or used vehicles up to 5 years old including passenger cars, vans, utes, small trucks, minibuses and other light commercial vehicles**

## Constraints

- **Minimum balance** — $0.00
- **Maximum balance** — $150,000.00

## More information from Unity Bank

- [Overview](https://www.unity.bank/business/commercial-loan-products/business-vehicle-loan/)
- [Terms & conditions](https://www.unity.bank/reusable-documents/disclosure-documents/account-and-access-facility-conditions-of-use/)
- [Eligibility](https://www.unity.bank/business/commercial-loan-products/business-vehicle-loan/)
- [Fees & pricing](https://www.unity.bank/help/rates-fees/)

## Data provenance

- Published by Unity Bank under the Consumer Data Right
- Product ID: `L18_BUSINESS_VEHICLE_LOAN`
- Last updated by the provider: 1 July 2026
- Source payload (JSON): https://www.cdrcompare.au/api/raw/unity-bank/L18_BUSINESS_VEHICLE_LOAN
- Provider page: https://www.cdrcompare.au/brands/unity-bank
- CDR register entry: https://www.cdr.gov.au/find-a-provider?provider=000182

---

Source: [CDR Compare](https://www.cdrcompare.au/brands/unity-bank/products/L18_BUSINESS_VEHICLE_LOAN) — 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.

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