Business Low Rate Loan

Flexibility with our low rate

A competitive variable rate loan with flexible features to assist your business.


Competitive rate

Enjoy a competitive variable interest rate


Flexible repayment options

Manage your cash flow with varied repayment options


Online redraw

Access to your surplus funds through online banking


Switch from variable to fixed

Maintain your account number when switching to a Business Fixed Rate Loan *


Supporting your business

  • Manage your cash flow with varied repayment options (monthly, quarterly, half yearly and annually)
  • Choice of interest only repayments (maximum 5 years) or principal and interest repayment options (subject to approval and conditions)
  • Ability to select your preferred interest raising date to suit your cashflow needs
  • Decrease your loan term using lump sum repayment without penalty
  • Online redraw to access surplus funds
  • Minimum loan amount $10,000, maximum loan amount is subject to approval

Additional extras

  • Progress drawdowns to suit construction requirements
  • Interest may be capitalised (subject to approval and conditions)
  • Ability to add to a Multi Option Facility (an agreed umbrella limit across multiple products with no need to renegotiate each time you require to adjust individual product limits)


Description Rate
Indicative rate
4.99 % p.a. indicative variable rate^
Business Low Rate
5.85 % p.a. variable rate#


Description Fee
Limit establishment fee Available on application
Loan maintenance fee $20 per month
Online surplus withdrawal fee $10 per withdrawal

Details of other fees which may be incurred will be provided on approval of the facility.

* Subject to approval, switching fees may apply on rollover.

^ Rate applies to new borrowing only. A margin may apply based on full credit assessment and security cover ratio.

# This is the base Reference Rate used to determine the interest rate charged on each applicable facility.

© 2017 Copyright Bankwest, a division of Commonwealth Bank of Australia (Bankwest) ABN 48 123 123 124 AFSL / Australian credit licence 234945. All rights reserved. To use this Website, you are required to read the Financial Services Guide (which you agree to be provided by accessing the link). Bankwest is a division of Commonwealth Bank of Australia, which is the product issuer unless otherwise stated. Rates stated are subject to change without notice. Any advice given does not take into account your objectives, financial situation or needs so please consider whether it is appropriate for you. For deposit and payment products, please ensure you read and consider the Product Disclosure Statement (which you agree to be provided through this link) before making any decision about the product(s). For lending products, lending criteria and fees and charges apply. Terms and conditions apply and are available on request.