2,22 % p.a. is the minimum interest rate under the business loans for 1 year24.03.2021

Bankchart.com.au has surveyed the terms of the offered business loans for 1 year in the national currency. Our website's analysts have studied the loan offers from all Australian banks. Review date - 24.03.2021

As of 18 March 2021 the loans under review have been offered by 14 banks.   The average interest rate under such loans equals 5,34 % p.a. The total number of the loan programs available for the specified loan terms is 36.

The most affordable business loan is offered by Bendigo and Adelaide Bank. The comparison rate under "Term loan" loan program constitutes 2,22 % p.a. The table below shows the best offers by each bank selected by Bankchart.com.au (in terms of costs) for the aforementioned terms.

The TOP-14 business loans loan programs for 1 year, as of 18 March 2021

#

Bank

Interest Rate, %

1

2,22

interest rate, %

rate type

fixed

facility fee

$ 800,00, one-time

administration

$ 15,00, monthly

2

2,49

interest rate, %

rate type

fixed

approval fee

$ 595,00

3

2,50

interest rate, %

rate type

variable

administration

$ 20,00, monthly

max. sum

$ 1 000 000,00

4

2,79

interest rate, %

rate type

fixed

administration

$ 20,00, monthly

5

3,22

interest rate, %

rate type

fixed

6

3,94

interest rate, %

rate type

fixed

approval fee

$ 595,00

administration

$ 200,00, one-time

7

3,99

interest rate, %

rate type

fixed, variable

approval fee

0,25%

administration

$ 20,00, monthly

8

4,09

interest rate, %

rate type

fixed

approval fee

0,75%

facility fee

$ 25,00, monthly

10

4,50

interest rate, %

rate type

variable

max. sum

$ 350 000,00

11

4,83

interest rate, %

rate type

variable

max. sum

$ 1 000 000,00

12

4,83

interest rate, %

rate type

variable

max. sum

$ 1 000 000,00

13

4,83

interest rate, %

rate type

variable

max. sum

$ 1 000 000,00

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