At a glance
- Pricing
- Rates on application
- Fixed
- 8.59%
- Loan size
- $20,000 to no maximum
- Upfront fee
- $595
Rates
Every rate CommBank publishes for this business loan, 3 in all.
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| DiscountCertain GREEN vehicles and equipment may be eligible for a discount of up to 1% when you ask for it. No discounts are automatically applied and must be requested prior to funding. T&Cs apply. | - | - | - | 1.00% | - | Certain GREEN vehicles and equipment may be eligible for a discount of up to 1% |
| FixedRate shown is indicative, current as at the time of publishing and is dependent on but not limited to the term of the finance, amount financed, suitability of the financed asset and credit assessment… | Investment, P&I | 1 yr fixed | - | 8.59% | - | - |
| Penalty | - | - | - | 3.00% | - | Default Rate on any amount due and remaining unpaid. The Default Rate is a rate that is 3% per annum above the Interest Rate we use to calculate the payment under the Contract. |
Rate changes
One change logged, newest first.
| Date | Rate | Was | Now | Change |
|---|---|---|---|---|
| 9 Oct 2026 | Fixed, Investment, P&I, 1 yr fixed | 8.29% | 8.59% | up 0.30 |
Each change is logged the night it appears in the rates CommBank publishes. See how every lender answered the RBA on the rate tracker.
Fees
8 fees published, grouped by when they're charged.
- When you take it outUp to $9904 fees, each listed below
- While you hold itNo fee published
- When you close it or pay it off$595Early Termination Administration Fee
When you take it out4
- Master Agreement Drawdown Fee
Fee charged for drawdowns on master agreement limits.
$395 - Progressive Loan Establishment Fee
Fee charged to establish and rollover a progressive facility.
$990 - Specialised Transaction Fee
Fee charged per asset for buyback, private sale or refinancing from another financial institution.
$125 - Standard Documentation Fee
Fee charged to establish a facility.
$595
When particular things happen3
- End of Term Refinance Fee
Fee charged to refinance or roll-over the residual value under a facility.
$495 - Variation Fee
Fee charged to process any facility variations, asset releases and/or transaction restructures (other than for Deceased Estates).
$495 - Early Repayment Adjustment Fee
Fee charged when a customer repays prior to scheduled maturity (irrespective of the circumstances causing the early repayment) and the Bank makes a loss due to the pre-payment.
Varies
When you close it or pay it off1
- Early Termination Administration Fee
Fee charged to process the termination of a contract before the contractual termination date.
$595
Features
- Flexible Loan Structure: Customise the loan and repayments to your business needs.
- Get Fast Approval: It's easier to upgrade or replace financed assets if you have 12 months of good repayment history.
- Quick and Easy : Get a fast quote over the phone or online. Sign your agreement online to avoid paperwork delays.
- No Extra Security Required: The financed asset serves as the loan security, so your asset equity and lines of credit can be used for other business purposes.
- Cover All your Upfront Costs: A CommBank Business Car loan can finance 100% of the on-road cost for new and used EVs with $0 upfront deposit. You can also finance charging equipment and batteries for…
Eligibility and limits
- Minimum age 18
- Available to businesses
- Amount from $20,000, no maximum
- Eligible to work in Australia
- An individual, sole trader, sole owner of your company or someone authorised to apply for finance and credit for a business
- Applications are subject to the Bank's normal credit approval and suitability of the asset.
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Published by CommBank under the Consumer Data Right, last changed by them on 9 Oct 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.