Which Australian bank offers the lowest interest rates under the business term loans for 3 years - 30.05.2019

Bankchart.com.au has surveyed the terms of the offered business term loans for 3 years in the national currency. Our website's analysts have studied the loan offers from all Australian banks. Review date - 30.05.2019

As of 17 May 2019 the loans under review have been offered by 12 banks.  The average interest rate under such loans equals 6,69 % p.a. The total number of the loan programs available for the specified loan terms is 28.

The most affordable business loan is offered by Heritage Bank. The comparison rate under "Fully Drawn Loan fixed (Residential Security - 3 years)" loan program constitutes 4,29 % 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 term loans loan programs for 3 years, as of 17 May 2019

#

Bank

Interest Rate, %

1

4,29

interest rate, %

rate type

fixed

administration

$ 20,00, monthly

2

4,49

interest rate, %

rate type

fixed

approval fee

0,75%

facility fee

$ 20,00, monthly

3

4,70

interest rate, %

rate type

variable

administration

$ 20,00, monthly

4

4,99

interest rate, %

rate type

fixed

approval fee

$ 595,00

administration

$ 150,00, one-time

5

4,99

interest rate, %

rate type

fixed

approval fee

$ 295,00

6

5,36

interest rate, %

rate type

variable

max. sum

$ 350 000,00

7

5,40

interest rate, %

rate type

fixed

8

6,78

interest rate, %

rate type

variable

9

6,78

interest rate, %

rate type

variable

10

6,78

interest rate, %

rate type

variable

12

9,68

interest rate, %

rate type

fixed, variable

approval fee

0,40%

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