The rating of the best interest rates under the business loans for 3 years07.10.2020

Bankchart.com.au has surveyed the terms of the offered business loans for 3 years in the national currency. Our website's analysts have studied the loan offers from all Australian banks. Review date - 07.10.2020

As of 29 September 2020 the loans under review have been offered by 12 banks.  The average interest rate under such loans equals 5,31 % p.a. The total number of the loan programs available for the specified loan terms is 30.

The most affordable business loan is offered by Bank of Western Australia. The comparison rate under "Business Low Rate Loan" loan program constitutes 2,50 % 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-12 business loans loan programs for 3 years, as of 29 September 2020

#

Bank

Interest Rate, %

1

2,50

interest rate, %

rate type

variable

administration

$ 20,00, monthly

2

2,95

interest rate, %

rate type

variable

administration

$ 20,00, monthly

3

3,35

interest rate, %

rate type

fixed

4

3,94

interest rate, %

rate type

fixed

approval fee

$ 595,00

administration

$ 150,00, one-time

5

3,99

interest rate, %

rate type

fixed, variable

approval fee

0,25%

administration

$ 20,00, monthly

6

4,09

interest rate, %

rate type

fixed

approval fee

0,75%

facility fee

$ 25,00, monthly

8

4,50

interest rate, %

rate type

variable

max. sum

$ 350 000,00

9

4,74

interest rate, %

rate type

fixed

approval fee

$ 295,00

10

4,83

interest rate, %

rate type

variable

max. sum

$ 1 000 000,00

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

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