Variable Rate Business Loan

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Ultimate business flexibility. Move with the market

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8.59% p.a.

Variable rate¹

Whether you’re a startup looking to expand operations or a scaleup looking to better manage cash flow so you can reinvest vital resources to grow your business, Summerland Bank is committed to seeing local businesses thrive.

Our Variable Rate Business Loan is available on both a principal and interest, or interest-only, basis with competitive low rates that give you the flexibility to move with the market

All interest rates

All loan options

Features

Why a Variable Rate Business Loan?

Ultimate flexibility

Flexible terms and split loan options available

Build commercial premises with interest only during construction

Fast approval and pre-approval available

Tailored repayment schedules to suit your cash flow needs

Additional and lump-sum repayments possible

Redraw facility available

Calculators & tools

Check with our calculators

Access all our calculators here.

Basic loan repayment

How long to repay?

Extra repayments

Application process

We make things simple for you

We understand how confusing it can be to navigate financing a big purchase. Let our experienced lenders take away the stress of applying for finance.

Apply online, or start a conversation with our lending specialists

Your lending specialist will carefully guide you through the application process, be prepared to share your goals and financial information so we can let you know your borrowing capacity.

Application and approval

Once you have provided us with your financial information and verification documents, we will have a decision back to you lightning quick! usually within 2 business days.

Loan acceptance and funding

We make the loan acceptance process quick and easy, ensuring you can access your loan funds in time for your big purchase!

Compare business loan options

Use our handy business loan comparison table to compare loan rates, options and features side by side.

Compare now

Start your application today

Need more help? Schedule a call

Schedule a call

Fill in your details, and our local team will give you a call. Alternatively, you can contact us by phone during business hours (8:00am – 6:00pm AEDT, Monday to Friday) on 1300 728 728.

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The legal stuff

1. Rate applicable to residential security only. A different rate applies for non-residential security properties. Contact us for more information.

Product is issued by Regional Australia Bank Ltd trading as Summerland Bank (ABN 21 087 650 360). AFSL & Australian Credit Licence 241167. Rates are subject to change. Conditions, fees, and eligibility criteria may apply, see us for details. Terms and Conditions available upon request.

This is general advice only and may not be right for you. Please read the Credit Guide, Financial Services Guide, Accounts & Access Facility Conditions of Use and Loan Fees and Charges schedule before making decisions. A copy can be obtained online from one of our branches, or by contacting us on 1300 728 728.