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‍Alert: Planned maintenance - Internet Banking: Sunday 14th August, 12:30am-2:30am AEST. We will be conducting important maintenance across our internet banking platform. During this time our internet banking platform will be offline. We apologise for any inconvenience. Card transactions and ATM withdrawals will be unaffected during the maintenance window. Call us on 132 888 for any questions, we're here 'til 8pm AEST or between 9am and 2pm AEDT tomorrow.

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2022-08-12 2:08 pm
Alert

Interest rate announcement - 12 August 2022. Bank Australia will increase variable home loan and commercial variable rates in response the RBA’s recent decision to raise the official cash rate. From 18 August 2022, interest rates will increase by 0.50% for variable rate owner-occupier and investor loans, while commercial variable rate loans will also increase by 0.50%. For existing home loan customers, repayment changes will be effective from 1 October 2022. Read more here.

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2022-06-21 5:06 pm
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Commercial Loan

Our range of commercial loans for business growth and debt management.

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Why us?Who's it for?What you getFees and chargesApply

Our rates

Residential security                                General Commercial Security
from                                                           from
5.09
%
p.a.
Variable interest rate
Effective 9 August 2022
5.19
%
p.a.
Variable interest rate
Effective 9 August 2022

Unsecured loan                                       Secured Commercial Loan - (1, 2, 3 or 5 years)
                                                                  
13.08
%
p.a.
Variable interest rate
Effective 9 August 2022
Fixed
Please contact us to discuss secured commercial loan rates


Why us?

Sustainability

Kick ESG goals by borrowing from a bank with a clear commitment to sustainability. 

Shared values

Rest assured that we never, ever support industries that do harm, like fossil fuels or animal exports.

Fixed repayments

Manage your cash flow and take control of business finances with the certainty of regular repayments.

Who it's for

  • Sole traders
  • Partnerships
  • Pty Ltd and public companies
  • Associations
  • Co-operatives
  • Local councils and government entities
  • Government schools

Business rates and fees

What it’s for

You can apply for a commercial loan to help grow your business, buy new assets, invest in property, or consolidate business debt – essentially, any worthwhile purpose for your business.

What you get

"It was so simple to set up my business accounts with Bank Australia. Great customer service and product knowledge"
Erin, Bank Australia business customer
See more on Productreview.com.au

Make extra repayments

You can make extra repayments on variable rate commercial loans whenever business is booming or budget allows.

Fee-free and fixable

There are no ongoing fees, just the one upfront establishment fee. Plus the option to fix your rate. 

Pay it off early 

You’re not locked in with our variable rate option. Pay your loan off whenever suits, with no early repayment fee.

Choice of repayments

Choose repayment timings to suit your finances – weekly, fortnightly or monthly. 

Interest only, if you like

You can apply to just pay the interest on this loan if that suits your business better

Calculate your repayments

See what your repayments could be with a Commercial Loan.

‍

The clean money movement


Together with our customers, we are reinventing capitalism and writing a new narrative. Money beyond self-interest. Money that makes the world better and regenerates ecosystems that protect people and the planet. We call it clean money.

By doing your business banking with us, you’re stepping up to join the clean money movement, too.

Read more

Fees and charges

Here’s what to expect with our Commercial Loan. Good to know too is that establishment costs such as solicitor or valuation costs also apply – we provide a quote for these in the loan assessment phase.
What it's for
Amount
Establishment fee (% of loan amount)
0.5% (min. $100)
Monthly fee
$0
Early repayment fee (variable rate loan)
$0
Fixed rate break fee
Varies per loan amount

It pays to know. Please read the Product Disclosure Document and see all fees and charges before deciding if this account is right for you. See all rates and fees.

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See more at the Bank Australia blog

The fine print

General advice warning: In providing you with this information you should consider the appropriateness of this advice with regards to your particular financial situation and needs. You should consult the Product Disclosure Documents before making a decision to apply for products with Bank Australia.

Bank Australia is committed to delivering memorable and superior service to all customers. We welcome your feedback, compliments and/or complaints about our performance.

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