The Finance Algorithm
A-Auswide Bank

BUSINESS TERM LOAN

A business loan with competitive variable and fixed interest rates and the flexibility to redraw.

Business loansBank updated 28 July 2026
At a glance
Fixed
7.29%
Variable
8.73%
Monthly fee
$20
§ 01 — Rates · 8
TypeApplies toTermBandRateComparisonConditions
FixedInvestment · Interest only1 yr fixed$20,000–$5,000,0007.29%
FixedInvestment · Interest only1 yr fixed$20,000–$5,000,0007.69%
FixedInvestment · Interest only2 yrs fixed$20,000–$5,000,0007.29%
FixedInvestment · Interest only2 yrs fixed$20,000–$5,000,0007.69%
FixedInvestment · Interest only3 yrs fixed$20,000–$5,000,0007.39%
FixedInvestment · Interest only3 yrs fixed$20,000–$5,000,0007.79%
VariableInvestment · Interest only$20,000–$5,000,0008.73%
VariableInvestment · Interest only$20,000–$5,000,0009.03%
§ 02 — Fees · 14
FeeTypeAmountWhenNotes
BREAK_COSTSCash advanceVariesCalculated at the time of your request. Payable if during a fixed rate period you, repay all or part of the amount you owe us, request a change to your interest rate type and we agree and process you…
CONDITIONS_SUBSEQUENT_COSTSCash advanceVariesCharges vary - Charged at Cost. May apply to reimburse us the costs associated with confirming compliance with any special conditions in your loan agreement, such as the charges from third parties to…
DOCUMENT_PREPARATION_COSTS_AND_THIRD_PARTY_COSTSCash advanceVariesCharged at Cost. May apply where we need to engage external solicitors to prepare the mortgage documents. Covers the cost of documentation preparation, Government charges etc.
LEGAL_AGENT_FEECash advanceVariesCharges vary according to location of security. May be payable if we arrange a legal agent to represent us.
VALUATION_FEE_-_NEW_LOANS_&_LOAN_INCREASESCash advanceVariesInitial Valuation Fee included in Establishment Fee up to $300 (total per application). Initial Valuation Fee included in Package Fee up to $400 (total per application), subsequent Valuation Fees (eg…
DEFAULT_ADMINISTRATION_FEEEvent$40Charged per month, if you fail to make a payment by the due date
MORTGAGE_RELEASE_FEEEvent$400Plus third party costs if applicable. Payable per mortgage when we process your request to release a security from your loan, including a partial release. Third party costs may also be payable
RATE_LOCK_FEEEvent0.15% of balanceMinimum fee of $250.00. If you elect to lock-in a fixed interest rate prior to commencement of the fixed rate term. Minimum fee $250.00
REDRAW_FEEEvent$20Payable when we manually process your request (eg: in Branch) to redraw available advance funds from your loan account. Excludes online redraws
SETTLEMENT_FEEEvent$100Payable when we process the settlement of your loan. Waived for Freedom Package loans
SWITCH_FEEEvent$500Plus any break costs. Payable when you change interest rate type or if we agree to your request to extend the term of a fixed interest rate period or to change the fixed interest rate. Break costs ma…
ACCOUNT_SERVICE_FEE_-_BUSINESS_TERM_LOANPeriodic$20Every 1 moPayable for managing your account
RTGS_OUTWARD_PAYMENT_FEETransaction$20Payable each time you request a high value, time critical payment from your account to another financial institution on a real time basis for same day payment
ESTABLISHMENT_FEE_-_BUSINESS_LOANSUpfront0.50% of balanceMiniumu fee of $600.00. To cover our costs associated with establishing your loan/additional loan, further advance, increasing your credit limit or when you substitute one security property with anot…
§ 03 — Features
Redraw
§ 04 — Eligibility & limits
  • · Available to businesses
  • · Maximum LVR 80%
  • · Minimum balance $20,000

Published by Auswide Bank Ltd under the Consumer Data Right, last changed by them on 28 July 2026. Figures are shown as the institution publishes them and can change without notice; confirm on their site before applying. The Finance Algorithm earns nothing from any product listed here.