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Business Lending Interest Rates
Below variable rates current on and from 6th April 2020
Rate |
|
|---|---|
Business Maximiser Rate |
4.83% p.a. |
Business Loan Rate |
4.98% p.a. |
Business Line Rate |
3.12% p.a. |
Rate |
|
|---|---|
Commercial Base Rate |
5.56% p.a. |
Commercial Loan Rate (No longer for sale) |
6.01% p.a. |
Commercial Line of Credit (No longer for sale) |
5.53% p.a. |
Rate |
|
|---|---|
Casual Overdraft Rate (Unarranged Lending Rate) |
20.25% p.a. |
Overdue Rate# |
Current interest rate for the facility under the applicable contract + 3% p.a.
|
How to apply
Important information
A margin may apply. These indicator rates are used to determine the interest rate charged on all relevant loans. Fees and charges may apply. Full details of Terms and Conditions are available on application.
# This Overdue Rate is the rate we can use when a default interest rate or an overdue rate applies under your business finance agreement. If no interest rate applies to a facility, the Overdue Rate for that facility is our unarranged lending rate, or other rate we determine.