RACQ BankCommercial Loan Principal and Interest
Our Commercial Loan (P&I) is a variable rate loan for commercial purposes.
At a glance
- Variable
- 10.13%
- Loan size
- $20,000 to no maximum
- Upfront fee
- $1,100
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 | 10.13% | 6.33%SCCU's BUSINESS LOAN | 7.89%of 47 institutions | 41st lowest of 47 |
| Business loanLowest advertised rate, fixed or variable, leaving out SMSF loans; secured loans usually price lower | 10.13% | 6.33%SCCU's BUSINESS LOAN | 7.89%of 47 institutions | 41st lowest of 47 |
Rates
Every rate RACQ Bank publishes for this business loan, 2 in all.
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| VariableInterest rate applicable for residential security. | Investment, P&I | - | - | 10.13% | - | - |
| VariableInterest rate applicable for commercial security. | Investment, P&I | - | - | 11.13% | - | - |
Fees
6 fees published, grouped by when they're charged.
- When you take it out$1,100Establishment Fee
- While you hold itNo fee published
- When you close it or pay it off$300Discharge Fee
When you take it out1
- Establishment Fee
Payable to establish the loan. Includes: valuation fee up to $400, title search, company/ trust-borrower/ guarantor party fee, document preparation and settlement fees - document generation, distribu…
$1,100
When particular things happen4
- Default Enforcement Expenses
May apply if enforcement services are required as part of default administration.
Varies - Mortgage Top Up Fee
Payable for a further advance against existing security. Valuation fee at cost.
$450 - Substitution of Mortgage Security
Per property.
$350 - Valuation Fee
RACQ Bank will cover up to $400 of the valuation cost on a new security, any cost above this is payable by the member. Any additional valuation required on an existing security will be payable at cos…
Varies
When you close it or pay it off1
- Discharge Fee
Payable for standard partial or full discharges. Fee charged per property.
$300
Features
Eligibility and limits
- Minimum age 18
- Residency: Must be an Australian Resident
- Available to individuals
- Amount from $20,000, no maximum
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Published by RACQ Bank under the Consumer Data Right, last changed by them on 13 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.