Do business loans have to show a comparison rate?

Generally not. The comparison rate requirement comes from the National Credit Code, which applies to credit for personal, domestic or household purposes and to residential property investment by individuals, not to credit used predominantly for a business. Where a business lender publishes a comparison rate it is shown, with the warning that it applies only to the lender’s own example.

What does "Not stated" mean in a fee column?

The lender’s published data does not include that fee for the product, or does not give its amount. It does not mean the loan has no such fee, so the lender’s fee schedule is the place to confirm it.

What protections apply to a small business loan?

Banks that subscribe to the Banking Code of Practice extend its small business protections to businesses with annual turnover under $10 million, fewer than 100 full-time equivalent employees and less than $5 million in total debt. The unfair contract terms laws apply to standard form small business contracts, and small businesses with fewer than 100 employees can take complaints about credit facilities of up to $6.3 million to the Australian Financial Complaints Authority.

Can a business loan be used to buy an investment property?

A business can borrow to buy commercial premises it occupies or leases out, and those loans are on the Commercial Property Loans page. A loan to an individual to buy residential investment property is regulated as consumer credit and is compared on Home Loans.

Compare Business Loans: Rates and Fees

Q: Why does a rate say "From"?

The lender publishes more than one rate for the product, for example by security, loan size, term or repayment type. The row shows the lowest of them, taking a principal and interest rate where there is one, and the lender’s own documents set out the others.

Q: Why are some business loans not listed?

Products the lender prices only on application, products with no usable published rate, broker white-label versions of a lender’s own products, broker- or dealer-only products, products that can be consumer credit but publish no comparison rate, products for personal use that a lender files with its business lending, and SMSF loans for residential property or over shares are left out. Lenders that do not publish their business lending under the Consumer Data Right are not listed at all.

Compare Business Loans

Business loans include term loans, commercial property loans, overdrafts, equipment finance and lines of credit. Compare 226 business loans from 50 lenders below on the lender's published interest rate, its comparison rate where the lender publishes one, and the main establishment and ongoing fees, and rates start from 6.33% p.a. with Southern Cross Credit Union’s Business Loan.

Rates checked against providers’ own published data on 24 Oct 2026

For business use. These products are for business purposes. If you are borrowing or saving for yourself, or for an investment property you own personally, compare Home Loans, Personal Loans and other personal products instead.

	Comparison rate	Establishment fee	Ongoing fee	Actions
NAB	Interest rate16.50%	Comparison rateNot published	Establishment feeNot stated	Ongoing fee1.75% of the limit a year, charged monthly	OverdraftVariableFeatures: Borrow $5,000 to $50,000	An unsecured business overdraft is a line of credit that you can easily access anytime.
Arab Bank Australia	Interest rateFrom 17.90%	Comparison rateNot published	Establishment fee$600	Ongoing fee1.00% of the limit, charged yearlyPlus another ongoing fee in Product Info	OverdraftVariableFeatures: Borrow from $10,000	Our Business Overdraft product is designed to assist businesses with their working capital needs.
gmcu	Interest rate18.75%	Comparison rateNot published	Establishment fee$500	Ongoing feeNot stated	Unsecured business loanVariable, principal and interest
Coastline Bank	Interest rate19.00%	Comparison rateNot published	Establishment feeNot stated	Ongoing feeNot stated	OverdraftVariable, interest only, investmentFeatures: Borrow from $500
Coastline Bank	Interest rate19.00%	Comparison rateNot published	Establishment fee$300	Ongoing feeNot stated	OverdraftVariable, interest only, investmentFeatures: Borrow from $500
ScotPac Business Finance	Interest rate19.95%	Comparison rateNot published	Establishment fee3.00% of the limit (min $50,000)	Ongoing fee$85 a month	Line of creditFixed 2 years, principal and interestFeatures: Borrow $50,000 to $500,000	ScotPac’s Line of Credit gives you access to funds when you need them, offering the agility your business deserves. With flexible drawdowns and transparent fees, you can grow your business on your…

What the business loans listing covers

The listing brings together the business lending products Australian lenders publish under the Consumer Data Right: term loans, commercial property loans, overdrafts and lines of credit, equipment and vehicle finance, unsecured business loans and a small number of other business loans. Each row is one product, and where a lender publishes a separate product for each fixed period, repayment type or loan purpose, each of those products is its own row. The Loan type filter narrows the list to one or more kinds of lending.

These products are for business purposes: credit used wholly or predominantly to run, buy or fund a business. Borrowing for personal use, or for a residential investment property held in a personal name, is regulated as consumer credit and is compared on Home Loans and Personal Loans instead.

The main kinds of business lending each have a page of their own: Business Term Loans, Fixed Rate Business Loans, Variable Rate Business Loans, Commercial Property Loans, Business Overdrafts and Equipment Finance. Loans to self managed super funds are on the SMSF Loans page, and appear here only when that loan type is chosen.

How to read the rate and fee columns

Interest rate. Where a lender publishes several rates for one product, for example by security, loan size, term or repayment type, the row shows the lowest of them, taking a principal and interest rate where the product offers one, and marks it "From". Conditional and package discounts are not taken off. Many business loans are priced to the borrower, so the rate a lender offers can differ from the rate it publishes.

Comparison rate. Credit provided predominantly for business purposes generally falls outside the National Credit Code, so lenders are not required to publish a comparison rate for it, and most business loans in the feeds do not have one. Where a lender publishes one it is shown, with the warning that it is true only for the lender’s own example. A product that can be consumer credit, such as some residential and SMSF loans, is listed only when its lender publishes a comparison rate.

Establishment fee and ongoing fee. The upfront fee and the ongoing account, facility or line fee the lender publishes for the product, the lowest shown and marked "From" where it publishes more than one. "Not stated" means the lender’s data does not include that fee or does not give its amount, not that the loan is free of it. Each product’s details list every establishment and ongoing fee line it publishes, the loan amounts it is offered for and the maximum loan-to-value ratio, where the lender states them. On a smaller loan, fees can add more to the cost than a difference in rate.

What the data covers and what it leaves out

Every figure comes from the product data each lender publishes under the Consumer Data Right. Lenders that do not publish their business lending that way are not listed, and we do not compare every business loan available in Australia.

Some published products are also left out of the listing: products the lender prices only on application, products with no usable interest rate, broker white-label versions of a lender’s own products, products only a broker or dealer can arrange, products that can be consumer credit but publish no comparison rate, products for personal use that a lender files with its business lending, and SMSF loans for residential property or over shares. Security requirements, covenants and review dates are rarely in the data at all, and early repayment and break costs, which some lenders list as fees, are not shown here. All of these are set out in each lender’s own documents.

Protections for small business borrowers

Banks that subscribe to the Banking Code of Practice extend its small business protections to customers below its size thresholds: annual turnover under $10 million, fewer than 100 full-time equivalent employees and less than $5 million in total debt to all credit providers. For a small business loan, a subscribing bank gives at least 30 days’ notice of a missed payment before demanding full repayment or enforcing the loan, except in limited cases and for an overdraft or other on-demand facility, where the code says the bank may not need to give notice before requiring repayment. On a standard form loan it can act on other kinds of default only for the events the code lists, apart from covenants the code allows on property development and some specialised loans.

Small businesses with fewer than 100 employees can take complaints about credit facilities of up to $6.3 million to the Australian Financial Complaints Authority, and unfair terms in standard form small business contracts are unlawful. The guide to how business banking differs from personal banking sets out how each protection applies.

Where to go next

The guide to business loans and overdrafts explains how term loans, commercial property loans, overdrafts, bank bill loans and bank guarantees work and what each costs, and the guide to equipment finance and leasing covers chattel mortgages, hire purchase and leases.

CompareThat is a comparison service, not a lender or broker. This page is general information only, not credit or financial advice. The lender’s own terms, fees and eligibility criteria set out what it offers.

Glossary

The key terms you’ll meet when comparing these products, reading product disclosures or talking to a provider.

Term	What it means
Business purpose	Credit used wholly or predominantly to run, buy or fund a business, which generally places it outside the National Credit Code.
Comparison rate	A single rate that combines the interest rate with most fees and charges on an example loan. Consumer credit advertised with an interest rate must quote one, other than continuing credit such as credit cards and overdrafts; business credit need not.
Establishment fee	A one-off fee to set up a loan or facility, either paid upfront or added to the amount borrowed.
Ongoing fee	A regular account, facility or line fee charged for as long as the loan or limit runs.
Loan-to-value ratio (LVR)	The loan as a percentage of the value of the property or asset securing it.
Personal guarantee	A promise by a director or owner to repay a business’s debt if the business cannot, which puts the guarantor’s own assets at risk.
General security interest	Security over all of a business’s present and future personal property, which does not include land or buildings, registered on the Personal Property Securities Register.

Term

What it means

Business purpose

Credit used wholly or predominantly to run, buy or fund a business, which generally places it outside the National Credit Code.

Comparison rate

A single rate that combines the interest rate with most fees and charges on an example loan. Consumer credit advertised with an interest rate must quote one, other than continuing credit such as credit cards and overdrafts; business credit need not.

Establishment fee

A one-off fee to set up a loan or facility, either paid upfront or added to the amount borrowed.

Ongoing fee

A regular account, facility or line fee charged for as long as the loan or limit runs.

Loan-to-value ratio (LVR)

The loan as a percentage of the value of the property or asset securing it.

Personal guarantee

A promise by a director or owner to repay a business’s debt if the business cannot, which puts the guarantor’s own assets at risk.

General security interest

Security over all of a business’s present and future personal property, which does not include land or buildings, registered on the Personal Property Securities Register.

Common questions

Rates and fees are sourced from each provider’s CDR Product Reference Data as of the date shown. They are general information only. Not credit advice. CompareThat is not a credit provider. Payment can change where a product appears, never which products we show.