Suncorp Bank
Business Essentials Term Loan Special Offer
Loan finance up to and including $5 million to support small business expansion, capital purchases and more.
Business loansBank updated 23 July 2026
At a glance
- Variable
- 6.74%
- Loan size
- $20,000 to $5,000,000
- Monthly fee
- $15
§ 01 — Rates · 2
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| VariableNew Lending. Residential Security; Add 0.50% p.a. margin for commercial security. | — | — | $1,000,000–$5,000,000 | 6.74% | — | — |
| VariableNew Lending. Residential Security; Add 0.50% p.a. margin for commercial security. | — | — | $20,000–$999,999 | 6.74% | — | — |
§ 02 — Fees · 8
| Fee | Type | Amount | When | Notes |
|---|---|---|---|---|
| Cashback Fee | Event | $20 | — | Variable Rate only. No charge applies for the first Cashback transaction per calendar month. Cashback fee may be charged and rebated. A fee for each Cashback withdrawal applies. Minimum withdrawal am… |
| Establishment Fee | Event | $1,000 | — | New term loans between $20,000 and $999,999 |
| Establishment Fee | Event | 0.25% of transaction | — | New term loans between $1,000,000 and $5,000,000 |
| Guaranteed Rate Fee | Other | $0 | — | A Guaranteed Rate Fee secures a fixed rate for 60 calendar days following your application. This fee is non refundable. Only applies to new 1, 2, 3, 4 and 5 year fixed rate term loans. If applicable,… |
| Progressive Funding Fee | Other | $0 | — | Determined at Application. Variable Rate only. Applies at loan settlement or first draw (at the Bank’s discretion) for any part of the loan provided for construction purposes. |
| Property Evaluation Fee - Commercial Security /Commercial Property Valuation Fee | Other | $0 | — | Determined by a Valuer at the time of the loan application.This fee is payable at the time of application and is non-refundable |
| Property Evaluation Fee – Residential Security / Residential Property Valuation Fee | Other | $0 | — | Determined by a Valuer at the time of the loan application and payable at loan settlement. It will be notified to you in your Credit Contract as a combined total with any applicable Commercial Proper… |
| Monthly Account Keeping Fee | Periodic | $15 | Every 1 mo | — |
§ 03 — Features
Offset accountRedrawDigital banking
- · Fixed & variable rate options
- · Split your loan across fixed and variable rates. You can choose to split your loan and fix a portion of your borrowings at a fixed interest rate for greater budgeting certainty.
- · Flexible security options – residential, commercial/industrial or a mix of these options
- · Principal and Interest (P&I) or Interest-only (IO) repayment options
- · Choose weekly, fortnightly, or monthly repayments
- · Choose to pay more than your required minimum monthly repayment (variable only)
- · Make additional repayments or lump sum payments (variable only)
- · May form part of a Business Ready Package depending on eligibility criteria.
§ 04 — Eligibility & limits
- · Available to businesses
- · Amount $20,000 to $5,000,000
- · You need to have security such as residential property, commercial or industrial property, or a combination of these.
- · You will also need to provide a completed application with supporting documentation including 2 most recent consecutive years of financial information.
§ 05 — Compare
§ 06 — Run the numbers
Put this product through a calculator
Published by Suncorp Bank under the Consumer Data Right, last changed by them on 23 July 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.