Loan finance up to and including $5 million to support small business expansion, capital purchases and more.
Category: Business Loans Last Updated July 31, 2024 Effective June 24, 2021
General Lending Rates
Rates listed below are for a FIXED product. Additional Information 3 Year Fixed Interest In Advance. Residential Security; Add 0.50% p.a. margin for commercial security
Interest Rate 6.44% PA
Comparison Rate 0.00%PA*
Product rates will vary depending upon your financial position< LVR, and other criteria. The product may also vary depending upon the rate type, repayment type, or loan purpose. We encourage you to contact us for a full understanding of the product and terms.
Product Variations
Product rates and conditions will usually vary based on the LVR and other conditions..
OffsetAdditional Information: 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.
RedrawAdditional Information: Manage your cash flow with our Cashback feature, enabling you to access any extra money you've paid into your loan (variable only)
OtherAdditional Information: 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.
OtherAdditional Information: Flexible security options – residential, commercial/industrial or a mix of these options
OtherAdditional Information: Principal and Interest (P&I) or Interest-only (IO) repayment options
OtherAdditional Information: Choose weekly, fortnightly, or monthly repayments
OtherAdditional Information: Choose to pay more than your required minimum monthly repayment (variable only)
OtherAdditional Information: Make additional repayments or lump sum payments (variable only)
OtherAdditional Information: May form part of a Money Manager Package or Business Ready Package depending on eligibility criteria.
Product Eligibility
BusinessAdditional Information: You must be a registered Australian business with a current ABN or ACN.
OtherAdditional Information: You will also need to provide a completed application with supporting documentation including 2 most recent consecutive years of financial information.
OtherAdditional Information: You need to have security such as residential property, commercial or industrial property, or a combination of these.
Bank Fees and Charges
Establishment Fee (Event), Amount: 1000.00. Additional Information: New term loans between $20,000 and $999,999
Establishment Fee (Event), Amount: Not Listed.. Additional Information: New term loans between $1,000,000 and $5,000,000
Property Evaluation Fee - Commercial Security /commercial Property Valuation Fee (Variable), Amount: Not Listed.. Additional Information: Determined by a Valuer at the time of the loan application.This fee is payable at the time of application and is non-refundable
Property Evaluation Fee – Residential Security / Residential Property Valuation Fee (Variable), Amount: Not Listed.. Additional Information: 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 securityobtained by us under the loan application
Guaranteed Rate Fee (Variable), Amount: Not Listed.. Additional Information: 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)
Monthly Account Keeping Fee (Periodic), Amount: 15.00. Additional Information: Not applicable for Annual Interest in Advance loans
Progressive Funding Fee (Variable), Amount: Not Listed.. Additional Information: 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.
Cashback Fee (Event), Amount: 20.00. Additional Information: 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.
Limitations & Restrictions (Constraints)
Min Limit of 20000.00 Additional Information: Minimum Loan Limit of $20,000
Max Limit of 5000000.00 Additional Information: Maximum Loan Limit of $5,000,000
