Business Lending Interest Rates
Interest Rate News
Dated: Tuesday 3rd November
Reserve Bank of Australia Cash Rate Update
The Reserve Bank of Australia (RBA) has today announced an increase in the official cash rate. As a result, our interest rates are currently under review.
We will announce any changes to our business loan and overdraft variable rates on this page once a decision has been made.
Rate |
|
|---|---|
Business Loan Rate |
9.48% p.a. |
Business Line Rate |
7.62% p.a. |
Rate |
|
|---|---|
Commercial Base Rate |
10.06% p.a. |
Commercial Loan Rate (No longer for sale) |
10.51% p.a. |
Commercial Line of Credit (No longer for sale) |
10.03% p.a. |
Rate |
|
|---|---|
Rate Reset Margin |
0.13% p.a. |
Casual Overdraft Rate (Unarranged Lending Rate) |
15.01% p.a. |
Overdue Rate# |
Current interest rate for the facility under the applicable contract + 0% 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 your product, the Overdue Rate for your product is our unarranged lending rate, or other rate we determine.