CommBankBetterBusiness Loan
A simple loan to help you manage or grow your business. It can be secured or unsecured with flexible repayment options. For Businesses that want to borrow from $10,000 for business purposes, want to make extra repayments and access them with redraw, want to pay interest only on the amount they owe and want flexibility in how they repay their loan.
At a glance
- Pricing
- Rates on application
- Fixed
- 0.00%
- Variable
- 7.54%
- Loan size
- $10,000 to $5,000,000
- Monthly fee
- $35
Rates
Every rate CommBank publishes for this business loan, 7 in all.
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| FixedRates and fees differ based on the type of security you provide for your loan, your loan amount and other factors. We'll confirm what they are in your Letter of Offer. | Investment, Interest only | - | - | 0.00% | - | Speak to one of our Business Bankers |
| VariableRates and fees differ based on the type of security you provide for your loan, your loan amount and other factors. We'll confirm what they are in your Letter of Offer. | Investment, Interest only | - | - | 7.54% | - | Secured variable rate |
| VariableRates and fees differ based on the type of security you provide for your loan, your loan amount and other factors. We'll confirm what they are in your Letter of Offer. | Investment, Interest only | - | - | 8.60% | - | Residential Equity Rate - variable rate, residential security. |
| VariableRates and fees differ based on the type of security you provide for your loan, your loan amount and other factors. We'll confirm what they are in your Letter of Offer. | Investment, Interest only | - | - | 8.60% | - | Commercial Residential Equity Rate - variable rate, residential security. |
| VariableRates and fees differ based on the type of security you provide for your loan, your loan amount and other factors. We'll confirm what they are in your Letter of Offer. | Investment, Interest only | - | - | 10.68% | - | Variable Base Rate - other than residential security. |
| VariableRates and fees differ based on the type of security you provide for your loan, your loan amount and other factors. We'll confirm what they are in your Letter of Offer. | Investment, Interest only | - | - | 10.68% | - | Commercial Variable Base Rate - other than residential security. |
| VariableMaximum 7 year loan term. Rates and fees differ based on the type of security you provide for your loan, your loan amount and other factors. We'll confirm what they are in your Letter of Offer. | Investment, Interest only | - | - | 13.09% | - | Online unsecured variable rate |
Fees
8 fees published, grouped by when they're charged.
- When you take it outVariesEstablishment and security processing fee
- While you hold itUp to $352 fees, each listed below
- When you close it or pay it offNo fee published
When you take it out1
- Establishment and security processing fee
Fee charged to establish or refinance a facility. This may be a dollar amount or percentage of the facility limit. May be charged at establishment, limit increase or loan term extension.
Varies
While you hold it2
- Commitment Fee
Fee charged when the loan has not been fully drawn within one month from the date the offer is accepted. Charged monthly in advance while the outstanding commitment/undrawn balance exceeds $25,000.
0.15% of transaction a month - Monthly loan service fee
Fee charged for each loan account to cover the ongoing administration costs of making the loan available. Charged as a fixed fee. Does not apply for loans funded under the SME Guarantee Scheme.
$35 a month
When particular things happen3
- Administration Fee
Applies only to Fixed rate loans - to cover the administration and documentation costs of modifying or terminating a fixed loan contract, including the cost of calculating the Early Repayment Adjustm…
$300 - Early Repayment Adjustment
Applies only to Fixed rate loans - to cover break cost of modifying or terminating a fixed loan contract. Fee charged when a customer with a fixed rate loan repays prior to scheduled maturity (irresp…
Varies - Non-standard interest premium
Fee charged when the interest charging frequency deviates from the standard monthly cycle (e.g. quarterly, semi-annually or annually). Please refer to your letter of offer and the offer confirmation…
0.10% of transaction
Other fees2
- Other fees apply
Rates and fees differ based on the type of security you provide for your loan, your loan amount and other factors. Monthly loan service fee, Other fees apply. We'll confirm what they are in your Lett…
Varies - Redraw Balance Fee
Fee charged for redraw balances over $100,000. Calculated as a percentage of the available redraw balance exceeding $100,000
0.49% of balance
Features
- Discounted finance for eligible new environmental projects on your farm. Redraw is not available for Agri Green Loan. Other rates, fees,charges, lending criteria and T&C's apply.
- Discounted finance for eligible new projects or assets. Redraw is not available for Business Green Loan. Other rates, fees,charges, lending criteria and T&C's apply.
- The Business Boost Loan loans are not available from 14 November 2025. Borrow up to $100,000 with an up-front establishment fee, 3 month repayment holiday at the start of the loan and pay no interest…
- For business customers who want to borrow a set amount of money to pay back over a set loan term. Customers can choose to provide an asset, like a residential and/or commercial property, as security.…
- The SME Guarantee Schemes loans are not available from 30 June 2022. Discounted finance for eligible customers was available for loans ranging from $10,000 to $5,000,000. Other rates, fees,charges, l…
- You can refinance existing business purpose debt.
Eligibility and limits
- Available to businesses
- Amount $10,000 to $5,000,000
- Agri Green Loan applicant must have a cash balance or loan balances of more than $1 million, and have a demonstrated farming related income.
- Agri Green Loan application for financing must be for an eligible environment project.
- Business Green Loan applicant must have a cash balance or loan balances of more than $1 million.
- Business Green Loan application for financing must be for an eligible project or asset.
- You have a minimum 30% deposit (for secure loans) as well as cash reserves to demonstrate that you can operate the business for at least the first 3 months.
- You haven't been declared bankrupt in the last 5 years.
- You haven't been overdrawn or had your account in arrears anytime in the past 3 months.
- You haven't had any accounts in collections in the past 6 months.
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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.