How long can a business loan rate be fixed?

Most of the fixed periods lenders publish for business loans run from one to five years, and a few lenders publish longer ones. Each fixed period usually has its own rate.

What is a break cost?

A cost charged when a fixed rate loan is repaid, refinanced or switched before the fixed period ends, reflecting the lender’s cost of unwinding the fixed rate. It is usually larger when rates have fallen since the loan was fixed, and the lender’s documents set out how it is calculated.

Can extra repayments be made on a fixed rate business loan?

Often only up to a limit, or not at all, during the fixed period. The limits are set out in each loan’s terms.

What happens when the fixed period ends?

The contract sets out what happens next, usually a move to the lender’s variable rate for that loan or an offer of a new fixed period at the rates of the day.

Why is equipment finance not on this page?

Equipment and vehicle finance usually has a rate fixed for the whole term rather than for a fixed period, and it is compared on its own Equipment Finance page.

Compare Fixed Rate Business Loans

On a fixed rate business loan the interest rate stays the same for an agreed period, whatever happens to the lender's other rates. Compare 76 fixed rate loans from 20 lenders below, including term, commercial property and unsecured loans, each on a fixed rate the lender publishes for it, alongside the main establishment and ongoing fees, and rates start from 6.49% p.a. with Queensland Country Bank’s Specialised Fixed.

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
Queensland Country Bank	Interest rate6.49%	Comparison rateNot published	Establishment feeNot stated	Ongoing fee$450 a year	Business term loanFixed 1 year, principal and interestFeatures: Borrow from $10,000LVR up to 80%	Our Specialised Residential Loans are designed for purchase of residential property in company and company trustee entities, offering the flexibility and structure required to support tax-effective…
Southern Cross Credit Union	Interest rateFrom 6.54%	Comparison rateNot published	Establishment feeNot stated	Ongoing feeNot stated	Business term loanFixed 1 year, interest only, investmentFeatures: Rates priced to 80% LVR	A Secured Business Loan to start, buy or grow a business. Variable and fixed rate options available
Coastline Bank	Interest rate6.59%	Comparison rateNot published	Establishment feeNot stated	Ongoing feeNot stated	Business term loanFixed 3 years, principal and interest, investmentFeatures: LVR up to 70%
Queensland Country Bank	Interest rate6.69%	Comparison rateNot published	Establishment feeNot stated	Ongoing fee$450 a year	Business term loanFixed 1 year, interest onlyFeatures: Borrow from $10,000LVR up to 80%	Our Specialised Residential Loans are designed for purchase of residential property in company and company trustee entities, offering the flexibility and structure required to support tax-effective…
Police Credit Union	Interest rate6.80%	Comparison rateNot published	Establishment fee$500	Ongoing feeNot stated	Business term loanFixed 1 year, principal and interest, investmentFeatures: Rates priced to 80% LVR
The Mutual Bank	Interest rateFrom 6.84%	Comparison rateNot published	Establishment fee$250	Ongoing fee1.50% of the unused limitPeriod not stated	Business term loanFixed 1 year, interest only, investmentFeatures: Borrow from $200,000LVR up to 80%	A loan for business purposes, secured by residential security.
Police Credit Union	Interest rate6.95%	Comparison rateNot published	Establishment fee$500	Ongoing feeNot stated	Business term loanFixed 2 years, principal and interest, investmentFeatures: Rates priced to 80% LVR
IMB Bank	Interest rateFrom 6.99%	Comparison rateNot published	Establishment fee0.50% of the limit	Ongoing fee$30 a month	Business term loanFixed 1 yearFeatures: Borrow $20,000 to $5,000,000LVR up to 80%	IMB’s Fully Drawn Commercial Loans are designed with flexibility to help you achieve your business goals, whether it’s to establish your business or grow your investments. IMB’s commercial loan…
Beyond Bank Australia	Interest rateFrom 7.04%	Comparison rate8.05%*	Establishment feeNot stated	Ongoing feeNot stated	Business term loanFixed 7 years, principal and interestFeatures: Borrow $5,000 to $140,000LVR up to 100%	A Business Loan is a simple, low cost way to finance small business needs, like purchasing a new vehicle. With a fixed interest rate, this Business Loan gives you security of knowing your repayments…
Great Southern Bank	Interest rate7.09%	Comparison rateNot published	Establishment fee$750	Ongoing fee$0	Business term loanFixed 1 year, interest onlyFeatures: Borrow $20,000 to $5,000,000LVR up to 80%	Apply to pay interest only for terms between 1,2,3 or 5 years whilst at the same time fixing the interest rate for the same period.
Great Southern Bank	Interest rate7.09%	Comparison rateNot published	Establishment fee$750	Ongoing fee$0	Business term loanFixed 1 year, principal and interestFeatures: Borrow $20,000 to $5,000,000LVR up to 80%	Lock in the interest rate for 1, 2, 3 or 5 years on our business loan with our fixed rates and know what your repayments will be. Plus, pay off your loan sooner with free extra repayments.
Police Credit Union	Interest rate7.10%	Comparison rateNot published	Establishment fee$500	Ongoing feeNot stated	Business term loanFixed 3 years, principal and interest, investmentFeatures: Rates priced to 80% LVR
Beyond Bank Australia	Interest rateFrom 7.14%	Comparison rateNot published	Establishment fee$595	Ongoing feeNot stated	Business term loanFixed 2 years, principal and interest, investmentFeatures: Borrow $10,000 to $2,000,000LVR up to 80%	The Business Investment Loan gives you the freedom to grow your business and take advantage of investment opportunities when they arise whilst offering a competitive flexible interest rate with…
Great Southern Bank	Interest rate7.14%	Comparison rateNot published	Establishment fee$750	Ongoing fee$0	Business term loanFixed 2 years, interest onlyFeatures: Borrow $20,000 to $5,000,000LVR up to 80%	Apply to pay interest only for terms between 1,2,3 or 5 years whilst at the same time fixing the interest rate for the same period.
Great Southern Bank	Interest rate7.14%	Comparison rateNot published	Establishment fee$750	Ongoing fee$0	Business term loanFixed 2 years, principal and interestFeatures: Borrow $20,000 to $5,000,000LVR up to 80%	Lock in the interest rate for 1, 2, 3 or 5 years on our business loan with our fixed rates and know what your repayments will be. Plus, pay off your loan sooner with free extra repayments.
Greater Bank	Interest rate7.19%	Comparison rateNot published	Establishment fee0.25% of the loan amount	Ongoing fee$15 a month	Business term loanFixed 3 years, principal and interestFeatures: Borrow from $1,000	Business loan secured by residential property
Great Southern Bank	Interest rate7.19%	Comparison rateNot published	Establishment fee$750	Ongoing fee$0	Business term loanFixed 3 years, interest onlyFeatures: Borrow $20,000 to $5,000,000LVR up to 80%	Apply to pay interest only for terms between 1,2,3 or 5 years whilst at the same time fixing the interest rate for the same period.
Great Southern Bank	Interest rate7.19%	Comparison rateNot published	Establishment fee$750	Ongoing fee$0	Business term loanFixed 3 years, principal and interestFeatures: Borrow $20,000 to $5,000,000LVR up to 80%	Lock in the interest rate for 1, 2, 3 or 5 years on our business loan with our fixed rates and know what your repayments will be. Plus, pay off your loan sooner with free extra repayments.
Greater Bank	Interest rate7.24%	Comparison rateNot published	Establishment fee0.25% of the loan amount	Ongoing fee$15 a month	Business term loanFixed 1 year, principal and interestFeatures: Borrow from $1,000	Business loan secured by residential property
Greater Bank	Interest rate7.24%	Comparison rateNot published	Establishment fee0.25% of the loan amount	Ongoing fee$15 a month	Business term loanFixed 2 years, principal and interestFeatures: Borrow from $1,000	Business loan secured by residential property

What is a fixed rate business loan?

A fixed rate business loan locks the interest rate, and so the repayments, for a set period. Most of the fixed periods lenders publish for business loans run from one to five years. The certainty makes cash flow easier to plan, but it comes with less flexibility than a variable rate and a cost if the loan is repaid or changed during the fixed period.

This page lists business term loans, commercial property loans and unsecured business loans that publish a fixed rate, each on the lowest fixed rate it publishes, marked "From" where it publishes others. Where a lender publishes each fixed period or repayment type as a separate product, each one is a row of its own. Overdrafts and lines of credit, which are usually priced on variable rates, are on the Business Loans listing. Equipment and vehicle finance, where the rate is usually fixed for the whole term, is on the Equipment Finance page, and loans to self managed super funds are on the SMSF Loans page.

These products are for business purposes. A loan for personal use, or for a residential investment property held in a personal name, is compared on Home Loans and Personal Loans instead.

What fixing changes

Repayments stay the same for the fixed period whichever way market rates move, so the business neither pays more if rates rise nor saves if they fall.
Break costs. Repaying the loan, refinancing or switching to a variable rate before the fixed period ends can carry a break cost, which reflects the lender’s cost of unwinding the fixed rate and can be significant when rates have fallen since the loan was fixed.
Extra repayments and redraw are often limited or unavailable during a fixed period.
The end of the fixed period. The contract sets out what happens next, usually a move to the lender’s variable rate for that loan or an offer of a new fixed period, which will be priced at the rates of the day.

Some lenders also let a loan be split, with part fixed and part variable.

How to compare fixed rate business loans

A lender’s one, three and five year rates can differ. Where one product publishes several fixed periods, its row shows the lowest of them, marked "From", and the lender’s own documents set out the others. An interest-only rate is a row of its own where the lender publishes it as a separate product. Each rate sits beside the establishment fee and the ongoing fee. A comparison rate is shown where the lender publishes one, which few business loans do.

The data does not include how a lender calculates break costs, the limits on extra repayments, or the rate that applies after the fixed period. Those are in the lender’s own documents, as are the security and review terms that apply to any business loan.

The Variable Rate Business Loans page lists the variable rate loans of the same kinds, and the guide to business loans and overdrafts explains how term loans and commercial property loans are priced and secured.

CompareThat is a comparison service, not a lender or broker. This page is general information only, not credit or financial advice, and we do not compare every business loan available in Australia. 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
Fixed rate	An interest rate locked for a set period, so repayments stay the same whichever way market rates move.
Fixed period	The length of time a fixed rate applies, after which the loan moves to the rate its contract sets out.
Break cost	A cost charged when a fixed rate is ended early by repaying, refinancing or switching, reflecting the lender’s cost of unwinding the fixed rate.
Revert rate	The rate a fixed loan moves to when the fixed period ends, usually the lender’s variable rate for that loan.
Split loan	A loan divided into a fixed rate part and a variable rate part, each with its own terms.
Interest only	Repayments that cover only the interest for a set period, so the amount owed does not reduce during it.
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.

Term

What it means

Fixed rate

An interest rate locked for a set period, so repayments stay the same whichever way market rates move.

Fixed period

The length of time a fixed rate applies, after which the loan moves to the rate its contract sets out.

Break cost

A cost charged when a fixed rate is ended early by repaying, refinancing or switching, reflecting the lender’s cost of unwinding the fixed rate.

Revert rate

The rate a fixed loan moves to when the fixed period ends, usually the lender’s variable rate for that loan.

Split loan

A loan divided into a fixed rate part and a variable rate part, each with its own terms.

Interest only

Repayments that cover only the interest for a set period, so the amount owed does not reduce during it.

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.

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.