Horizon BankBusiness Interest Only Variable
Business Interest Only Variable
At a glance
- Variable
- 7.89%
- Monthly fee
- $8
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 | 7.89% | 6.33%SCCU's BUSINESS LOAN | 7.89%of 47 institutions | 23rd lowest of 47, level with one other |
| Business loanLowest advertised rate, fixed or variable, leaving out SMSF loans; secured loans usually price lower | 7.89% | 6.33%SCCU's BUSINESS LOAN | 7.89%of 47 institutions | 23rd lowest of 47, level with one other |
Rates
The one rate Horizon Bank publishes for this business loan.
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| Variable | Interest only | - | - | 7.89% | - | - |
Fees
2 fees published, grouped by when they're charged.
While you hold it1
- 8_MONTHLY_FEE$8 a month
When you make a transaction1
- 45_REDRAW_FEE$45
Features
Eligibility and limits
- Available to businesses
- Maximum LVR 70%
- Minimum balance $500
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Published by Horizon Bank under the Consumer Data Right, last changed by them on 30 Oct 2025. 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.