The Finance Algorithm

At a glance

Fixed
6.49%
Upfront fee
$295

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.

This business loan: 6.49%Every other institution's lowest, 46 in all

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.

This business loan: 6.49%Every other institution's lowest, 46 in all

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.

RateThis business loanBest anywhereTypical institutionWhere it sits
Business loanLowest advertised rate, fixed or variable, leaving out SMSF loans; secured loans usually price lower6.49%6.33%SCCU's BUSINESS LOAN7.89%of 47 institutions2nd lowest of 47, level with one other
Business loanLowest advertised rate, fixed or variable, leaving out SMSF loans; secured loans usually price lower6.49%6.33%SCCU's BUSINESS LOAN7.89%of 47 institutions2nd lowest of 47, level with one other

Rates

The one rate Police Credit Union Limited publishes for this business loan.

TypeApplies toTermBandRateComparisonConditions
FixedInvestment, P&I7 yrs fixed≤50% LVR6.49%--

Fees

4 fees published, grouped by when they're charged.

When you take it out1

  • VEHICLE_AND_EQUIPMENT_LOAN_APPLICATION_FEE
    $295

When particular things happen3

  • DEFAULT_FEE

    Payable whenever your repayments become in arrears by 15 days or more.

    $15
  • DEMAND_FEE

    Payable whenever we send you a notice demanding that you remedy a default under your contract.

    $50
  • DISHONOUR_FEE

    Payable whenever a direct debit, cheque or payment order to your account is declined or dishonoured.

    $15

Features

Instant paymentsPayIDDigital banking

Eligibility and limits

  • Minimum age 18
  • Residency: Australian Resident
  • Available to businesses

Published by Police Credit Union Ltd under the Consumer Data Right, last changed by them on 6 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.