Bank of usSmall, Small Bus Loan
Our small, small business loan is ideal for buying that new work vehicle or upgrading your tools. With secured, partly secured and unsecured loan options available and for loans ranging from $5,000 to
At a glance
- Variable
- 6.99%
- Loan size
- $5,000 to $100,000
- Upfront fee
- $450
- Monthly fee
- $10
How it compares
This business loan in ink, against the best that every other institution publishes for anyone to apply for. Each figure is counted the same way for all of them.
Lowest advertised rate, fixed or variable, leaving out SMSF loans; secured loans usually price lower. One dot per institution, at its lowest business loan rate anyone can apply for; hover or tap a dot for its name.
Lowest advertised rate, fixed or variable, leaving out SMSF loans; secured loans usually price lower. One dot per institution, at its lowest business loan rate anyone can apply for; hover or tap a dot for its name.
| Rate | This business loan | Best anywhere | Typical institution | Where it sits |
|---|---|---|---|---|
| Business loanLowest advertised rate, fixed or variable, leaving out SMSF loans; secured loans usually price lower | 6.99% | 6.33%SCCU's BUSINESS LOAN | 7.89%of 47 institutions | 10th lowest of 47, level with one other |
| Business loanLowest advertised rate, fixed or variable, leaving out SMSF loans; secured loans usually price lower | 6.99% | 6.33%SCCU's BUSINESS LOAN | 7.89%of 47 institutions | 10th lowest of 47, level with one other |
Rates
The one rate Bank of us publishes for this business loan.
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| VariableThe interest rate quoted for the product is based on a loan secured by an asset that is less than 2 years old. If the asset is more than 2 years or the loan is partly of fully unsecured, than an addi… | Investment, P&I | - | - | 6.99% | - | - |
Fees
8 fees published, grouped by when they're charged.
- When you take it out$450SMALL_BUSINESS_LOAN_APPLICATION_FEE
- While you hold it$10 a monthMONTHLY_SERVICE_FEE
- When you close it or pay it offNo fee published
When you take it out1
- SMALL_BUSINESS_LOAN_APPLICATION_FEE$450
While you hold it1
- MONTHLY_SERVICE_FEE
Payable on the same day, and in the same manner, as any repayment on your loan. This fee will be debited to your loan account on the last day of each month.
$10 a month
When particular things happen6
- ARREARS_FEE
Payable in each instance you are in default under this contract. This fee will be debited to your loan account on the next business day.
$40 - CHEQUE_DISHONOUR_(INWARD)_FEE
Applies where a cheque paid into your account with us is dishonoured. The fee is debited to your account on the date of dishonour.
$12 - DUPLICATE_STATEMENT_FEE
Payable for each duplicate paper copy of your monthly statement you request. Charged at the time of your request.
$5 - EVIDENCE_RETRIEVAL_FEE
Applies where you request us to retrieve the paper item or evidence supporting a transaction. The fee is debited to your account when the required documentation is provided to you. Please note that t…
$20 - INSURANCE_COLLECTION_FEE
Payable in addition to the premium, when we pay the premium for insurance over any security property on your behalf.
$40 - SPECIAL_ATTENDANCE_FEE
per attendance plus any amounts incurred by us in attending such requests, such as valuation fees, mortgage insurance premium, lender s risk and processing fee, legal costs, document custodian charge…
$300
Features
Eligibility and limits
- Minimum age 18
- Residency: Should be a citizen or permanent resident of Australia. Temporary residents may be eligible if holders of an acceptable employer supported visa.
- Available to businesses
- Amount $5,000 to $100,000
Compare it with others
Put this product through a calculator
Published by Bank of us under the Consumer Data Right, last changed by them on 13 Apr 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.