The Finance Algorithm
Horizon Bank

Business Interest Only Variable

Business Interest Only Variable

Business loansBank updated 30 Oct 2025
At a glance
Variable
7.89%
Monthly fee
$8
§ 01 — Rates · 1
TypeApplies toTermBandRateComparisonConditions
VariableInterest only7.89%
§ 02 — Fees · 2
FeeTypeAmountWhenNotes
8_MONTHLY_FEEPeriodic$8Every 1 mo
45_REDRAW_FEEWithdrawal$45
§ 03 — Features
RedrawDigital banking
§ 04 — Eligibility & limits
  • · Available to businesses
  • · Maximum LVR 70%
  • · Minimum balance $500

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.