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Business Loans - Greater Bank

Business Loans

Interest rate from 8.95 % p.a.
as this is often priced higher (Residential security - Variable)

A Business Loan can be a great, low cost way to finance the needs of your small business. Perhaps you need supplies, capital equipment or just access to cash flow. We’ve got the solution to help you get back to work. Our loans feature competitive rates, low fees and the support of our Business Banking specialists.

Why choose one of our Business Term Loans?

Competitive interest rates with low fees.
Can be residentially or commercially secured - great for development and construction.
Flexibility of principal & interest or interest only repayments.
You can choose fixed or variable interest, or a combination of both.
Access to redraw facility, giving you easy access to extra repayments made.
Steady repayments for budgeting purposes.

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Rates are effective as at 9am Thursday 21/11/2024

Variable Business Loan Rates

Business Loan - Secured by Commercial Property Interest Rate
Variable 9.50% p.a.
Rates are effective as at 9am Thursday 21/11/2024
Business Loan - Secured by Residential Property Interest Rate
Variable 8.95% p.a.

Fixed Business Loan Rates

We also offer Fixed Business Loan Rates featuring terms from 1-5 years upon application. Complete a Business Banking enquiry today and speak to our lenders about our fixed rates.

Fees and Charges 

Establishment Fee 0.5%
Low monthly account keeping fee.  

The above are a selection of our fees only. Additional Fees and Charges may apply. For further information please view the Loan Contracts Product Schedule.

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Current Product Schedule - Lending Products 172kB

PDF
Current Business Term Loan Terms and Conditions 399kB

PDF
Current Business Line of Credit Terms and Conditions 388kB

PDF
Current Home, Personal and Business Loan Fees and Charges 328kB

What can the loan be used for?

Business loans can be utilised to purchase much needed supplies, capital equipment, acquisition of other businesses and property or just access to cash flow.

Who can apply for a Business Loan?

Any business entity inclusive of partnerships, sole traders and companies established in Australia who have 2 years trading history can apply for a business loan.

Other Loan options available

If cash flow is a problem for your business, free up some money in the short term with one of our Business Lines of Credit.

  • Low monthly facility fee means more money in your pocket.
  • Flexibility to operate dually as an everyday transaction account.
  • Variable interest with interest charged monthly on your credit balance.
  • Easy access to your money via Internet, Mobile and Phone Banking, as well as in branch.
  • Secured by mortgage or a Term Investment – Term Investments used as security will earn competitive interest.

Enjoy peace of mind and access cash with the support of Greater Bank’s Guarantee Facility.

  • Optimise negotiations without tying up your valuable capital.
  • With no minimum amount, we can help businesses large and small.
  • Term Investments and residential property can be used as security.
  • Term Investments used as security will earn interest.
How we can help How we can help

*Conditions, fees and charges apply to all loans. Subject to meeting Greater Bank's lending criteria.

Greater Bank, part of Newcastle Greater Mutual Group Ltd ACN 087 651 992, Australian Financial Services Licence/Australian credit licence 238273 

All applicants to be individually assessed for serviceability.
View our Product Disclosure Documents and our Current Interest Rates.