Compare borrowing rates and fees

Compare the interest rates, fees and limits on our business banking borrowing options.

Business term loans, property finance and business overdrafts

Interest rates are subject to change. Service fees may apply.

 

Business term loans

Business overdraft

Interest rates

A default rate, which is your current interest rate plus 5% p.a. may be charged on each amount that is either overdue or over the limit of your business loan

Interest rates will vary depending on your circumstances, the terms of your loan and the security you can offer

  • Base rate*:
  • Unauthorised/excess rate:

*A margin may apply.

Application fee

When you apply for a new or increased loan or overdraft

Minimum fee $25

Minimum fee $75

Consent fee

When your solicitor asks for our consent to a variation to certificate(s) of title of a property provided as security

$100 per certificate of title

Overdraft fee

What you pay to have an overdraft

0.10% of the overdraft minimum per month. Minimum fee $5.

Temporary overdraft arrangement fee

When you ask for a temporary overdraft or a temporary increase in your overdraft

0.25% of the overdraft limit, or the amount of the increase. Minimum fee $75.

Overdraft over limit fee

When you exceed your overdraft limit by more than $20 at any time during the month

$10 per month (this will show on the account statement you access the overdraft from as an account out of order fee)

Demand fee (loan default)

When we demand payment of all amounts outstanding under your lending because you're in default

$50 per demand

Demand fee (insurer premiums)

When we pay an insurer premiums that are due on security provided for your lending

$50 per payment to the insurer

Demand fee (local authority rates)

When we pay local authority rates that are due on security provided for your lending

$50 per payment to the local authority

Discharge of security fee

When you ask us to discharge or partially discharge your mortgage or security

$75 per mortgage or security

Discharge of security fee (when needed within five business days)

If requested to be completed in less than five business days and where the discharge is required to refinance another lender

An additional $50 per request

Early exit fee

When your loan is repayable over more than three years and you fully repay the loan within three years from the date you first drawdown your loan

$250

Early repayment limit

The maximum amount you can pay towards a fixed rate loan, over and above the minimum repayments, without potentially incurring lump sum repayment fees or fixed rate break costs

5% of the outstanding balance of the fixed rate loan at the date of payment, less any other payments over and above the minimum repayments that you’ve made in the current calendar year during a fixed term

Fixed rate break cost

When you repay your entire fixed rate loan early or make an additional payment which, together with any other additional payments you’ve made, exceeds our early repayment limit or if you switch your fixed rate loan to a variable rate loan or other fixed rate

The amount of the break cost varies depending on the current interest rates and how long the loan has left to run

Fixed rate lock option

When you ask us for a fixed rate lock option

The amount of the fee varies depending on the amount you want to lock in and how long you want to lock it in for. The amount of the fee will be set out in the Fixed Rate Lock Option Agreement.

Investigation fee

When you ask us to investigate something about your lending

$60 per hour. Minimum fee $15.

$60 per hour. Minimum fee $15.

Lending restructure fee

When you ask us to change your existing lending

For example:

  • splitting an existing loan;
  • combining existing loans;
  • changing the term or interest only period of an existing loan;
  • changing the type of an existing loan (but not changing an existing loan to a fixed rate loan or refixing an existing fixed rate loan);
  • changing the repayment type on an existing loan from principal and interest to interest only;
  • changing the identity of the borrower; or
  • changing the identity of the guarantor

$175 per charge. Where we are changing multiple existing loans, the fee applies per changed loan.

Lump sum repayment administration fee

When you make additional payments on your fixed rate loan which exceed our early repayment limit

$40 per repayment

Non-utilisation fee

When you don’t use your entire revolving facility

Calculated daily at 0.6% p.a. on the difference between the maximum credit limit of the revolving facility and the highest amount outstanding on the revolving facility that day. Charged monthly.

Performance bond/Irrevocable letter of credit establishment fee

When you ask us to issue a performance bond/irrevocable letter of credit

1% of the value of the performance bond/irrevocable letter of credit. Minimum fee $25.

Performance bond/Irrevocable letter of credit ongoing fee

What you pay to have the performance bond/irrevocable letter of credit

1% per annum of the value of the performance bond/irrevocable letter of credit. Charged quarterly. Minimum fee $25 per quarter.

Security restructure fee

When you ask us to change our existing security

For example:

  • changing the identity of the owner of the security; or
  • changing the security

$200 per request

Settlement statement fee

When you ask us to prepare a settlement statement

This fee doesn’t apply if the lending balance is zero.

$45 per request