RBA Cash Rate: 4.35% · 1AUD = 0.67 USD · Inflation: 4.1%  
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Home Loan Variable: 5.38% (6.14%*) • Home Loan Fixed: 5.44% (6.26%*) • Fixed: 5.44% (6.26%*) • Variable: 5.38% (6.14%*) • Investment IO: 5.84% (7.27%*) • Investment PI: 5.84% (6.19%*)

  Business Essentials Term Loan Special Offer

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 VARIABLE product. Additional Information New Lending. Residential Security; Add 0.50% p.a. margin for commercial security.
Interest Rate
6.94% 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..
  $1,000,000 - $5,000,000
Minimum: $1000000.00 Maximum: $5000000.00
  • Lending Rate Type: Variable
  • Interest Rate: 6.94%, Comparison Rate 0.00%
  • Repayment Type:
  • Loan Purpose:

 Product Features

  • Digital Banking
  • Other Additional Information: Fixed & variable rate options
  • Offset Additional Information: 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 Additional Information: Manage your cash flow with our Cashback feature, enabling you to access any extra money you've paid into your loan (variable only)
  • Other Additional 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.
  • Other Additional Information: Flexible security options – residential, commercial/industrial or a mix of these options
  • Other Additional Information: Principal and Interest (P&I) or Interest-only (IO) repayment options
  • Other Additional Information: Choose weekly, fortnightly, or monthly repayments
  • Other Additional Information: Choose to pay more than your required minimum monthly repayment (variable only)
  • Other Additional Information: Make additional repayments or lump sum payments (variable only)
  • Other Additional Information: May form part of a Business Ready Package depending on eligibility criteria.

 Product Eligibility

  • Business Additional Information: You must be a registered Australian business with a current ABN or ACN.
  • Other Additional Information: You need to have security such as residential property, commercial or industrial property, or a combination of these.
  • Other Additional Information: You will also need to provide a completed application with supporting documentation including 2 most recent consecutive years of financial information.

 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 security obtained 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.
  • 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

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