BUSINESS LOANS
Business Essentials
Term Loan
Loan finance up to and including $5 million to support expansion, capital purchases and more.
Business Bank of the Year six years in a row
Business Bank of the Year six years in a row
BUSINESS LOANS
Business Essentials Term Loan
Loan finance up to and including $5 million to support expansion, capital purchases and more.
Business Bank of the Year six years in a row
Special offers
Introductory Variable Rate Special Offer
for 24 months from the date of settlement.
Special offers
Introductory Variable Rate Special Offer
for 24 months from the date of settlement.
From 6.24% p.a.~
For total amount borrowed:
$20,000 to <$1 million
Includes discount of 0.75% p.a. for 24 months from settlement.
From 6.29% p.a.~
For total amount borrowed:
$1 million to $5 million
Includes discount of 0.50% p.a. for 24 months from settlement.
Valuation Rebate Offer
A rebate of valuation costs up to $5,000 for eligible loan applications of $1,000,000 or more, received on or before 28 June 2024.
Terms & conditions apply.#
Optional offset facility
Save on interest with an optional offset account available.1
Flexible loan terms
Find an option that's right for your business with loan terms up to 30 years.
Higher Loan-to-Value Ratio (LVR) lending
Loan to value ratio(LVR) at loan approval is the amount of the loan compared to Suncorp Bank’s valuation of property offered to secure the loan as a percentage.
Higher Loan-to-Value Ratio (LVR) lending 2
Up to 100% LVR with residential security & up to 80% LVR with commercial security.
Flexible repayment
Choose between weekly, fortnightly, or monthly repayments based on your needs.
Split your loan
Fix a portion of your borrowings at a fixed interest rate for greater budgeting certainty.
Access our cashback features
Enables you to access any extra money you’ve paid into your loan (variable only).3
Interest rates
Variable rate - Residential security
Business Essentials Term Loan Variable Rate
>60-80% LVR
Variable Rate - Commercial security
Business Essentials Term Loan Variable Rate
>60-70% LVR
Fixed Rate - Residential security
Business Essentials Term Loan
3 year fixed rates term
>60-80% LVR
Further Loan-to-valuation ratio (LVR) discounts and margins may apply.
Business tools & calculators
To apply
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~ The above interest rates are based on a loan with an LVR of ≤50%~ secured by residential property for business purposes only. Interest rates will change depending on LVR, type of property securing the loan and the total amount borrowed. View all rates. Further terms & conditions apply.*^
Current Special Offer applies to variable loans secured by residential property with an LVR of 80%. For variable loans secured by commercial property with an LVR of 70%, an additional margin of 0.50% p.a. will apply. Further discounts or margins may apply based on LVR.
Business Lending Products are issued by Suncorp-Metway Ltd ABN 66 010 831 722 Australian Credit Licence number 229882 (“Suncorp Bank”). To approved applicants only. Fees, charges, terms and conditions apply and are available on request.
1Offset is only available on lending where security is acceptable to the Bank. Offset feature is only available on a variable loan. Terms and conditions apply.
2LVR stands for loan to value ratio at loan approval. LVR is the amount of the loan compared to Suncorp Bank’s valuation of property offered to secure the loan as a percentage. For loans secured by residential property with a LVR of over 80%, or for loans secured by commercial property with a LVR of over 70%, a margin will be added to your interest rate.
3Customers will need to register for the Online Cashback to withdraw their available Cashback via their Internet Banking and the Suncorp Bank App.
Higher Loan-to-Value Ratio (LVR) lending
Loan to value ratio(LVR) at loan approval is the amount of the loan compared to Suncorp Bank’s valuation of property offered to secure the loan as a percentage.