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The current best business loan rates we compare
Lowest business loan interest rates in Australia
These are some of the lowest business loan interest rates available right now from lenders on Money.com.au’s lender panel, plus a selection of other Australian lenders.
Product | Bank of Us Small, Small Business Loan |
|---|---|
Interest rates from (p.a.) | 6.99% |
Rate type | Variable |
Loan amounts | $5k - $500k |
Product | Great Southern Bank Residentially Secured Business Loan |
Interest rates from (p.a.) | 7.00% |
Rate type | Variable |
Loan amounts | $20k - $5m |
Product | CommBank Secured Business Loan |
Interest rates from (p.a.) | 7.29% |
Rate type | Variable |
Loan amounts | From $10k |
Product | Southern Cross Credit Union Business Vehicle Loan |
Interest rates from (p.a.) | 7.35% |
Rate type | Fixed |
Loan amounts | $20k - $150k |
Product | Angle Finance Business Loan |
Interest rates from (p.a.) | 7.49% - 8.49% |
Rate type | Fixed |
Loan amounts | $5k - $500k |
Product | BOQ Business Loan |
Interest rates from (p.a.) | 7.50% |
Rate type | Fixed or variable |
Loan amounts | Up to $250k |
Product | Capital Finance Business Loan |
Interest rates from (p.a.) | 7.70% - 14.00% |
Rate type | Fixed |
Loan amounts | $5k - $150k |
Product | Heritage Bank Equipment Loan |
Interest rates from (p.a.) | 7.74% |
Rate type | Variable |
Loan amounts | $10k - $500k |
Product | NAB Business Options (Prime) |
Interest rates from (p.a.) | 7.85% |
Rate type | Fixed or variable |
Loan amounts | Up to $1m |
Product | Westpac Business Loan |
Interest rates from (p.a.) | 7.91% |
Rate type | Variable |
Loan amounts | From $10k |
Product | Liberty Business Loan |
Interest rates from (p.a.) | 7.95% - 17.45% |
Rate type | Fixed or variable |
Loan amounts | Up to $350k |
Product | Moneytech Business Loan |
Interest rates from (p.a.) | 7.99% - 9.56% |
Rate type | Fixed |
Loan amounts | $25k - $2m |
Product | Dynamoney Business Loan |
Interest rates from (p.a.) | 8.10% - 19.40% |
Rate type | Fixed |
Loan amounts | $2k - $1m |
Product | Group And General Business Loan |
Interest rates from (p.a.) | 8.29% - 8.89% |
Rate type | Fixed |
Loan amounts | $10k - $350k |
Product | Multipli Business Loan |
Interest rates from (p.a.) | 8.49% |
Rate type | Fixed or variable |
Loan amounts | $30k - $1m |
Product | Suncorp Bank Business Essentials Term Loan |
Interest rates from (p.a.) | 8.94% |
Rate type | Variable |
Loan amounts | $10k - $5m |
Product | Greater Bank Secured Business Loan |
Interest rates from (p.a.) | 8.95% |
Rate type | Variable |
Loan amounts | Up to $5m |
Product | BankSA/Bank of Melbourne/St.George Business Loan |
Interest rates from (p.a.) | 9.23% |
Rate type | Variable |
Loan amounts | From $20k |
Product | The Mutual Bank Business Mortgage Loan |
Interest rates from (p.a.) | 9.59% - 9.79% |
Rate type | Fixed (1 - 3 years) |
Loan amounts | From $20k |
Product | TruePillars Business Loan |
Interest rates from (p.a.) | 9.90% - 20.90% |
Rate type | Fixed or variable |
Loan amounts | $25k - $300k |
Product | The Mutual Bank Business Mortgage Loan |
Interest rates from (p.a.) | 10.29% |
Rate type | Variable |
Loan amounts | From $20k |
Product | Finance One Business Loan |
Interest rates from (p.a.) | 11.45% - 23.45% |
Rate type | Fixed |
Loan amounts | $5k - $250k |
Product | Drive Finance Solution Business Loan |
Interest rates from (p.a.) | 12.54% - 14.80% |
Rate type | Fixed or variable |
Loan amounts | $5k - $250k |
Product | ANZ Unsecured Business Loan |
Interest rates from (p.a.) | 12.74% |
Rate type | Fixed or variable |
Loan amounts | $10k - $200k |
Product | CommBank Unsecured Business Loan |
Interest rates from (p.a.) | 12.84% |
Rate type | Variable |
Loan amounts | Up to $250k |
Product | Bromleigh Capital Business Loan |
Interest rates from (p.a.) | 12.90% |
Rate type | Fixed |
Loan amounts | Up to $100k |
Product | Azora Finance Business Loan |
Interest rates from (p.a.) | 12.95% - 14.95% |
Rate type | Fixed |
Loan amounts | $1k - $250k |
Product | NAB QuickBiz unsecured business loan |
Interest rates from (p.a.) | 12.95% |
Rate type | Fixed |
Loan amounts | $5k - $250k |
Product | Beyond Bank Business Loan |
Interest rates from (p.a.) | 13.50% |
Rate type | Fixed |
Loan amounts | From $5k |
Product | Queensland Country Bank Secured Commercial Loan |
Interest rates from (p.a.) | 13.54 |
Rate type | Variable |
Loan amounts | From $10k |
Product | Morris Finance Business Loan |
Interest rates from (p.a.) | 14.99% - 18.99% |
Rate type | Fixed or variable |
Loan amounts | $5k - $200k |
Product | Lumi Business Loan |
Interest rates from (p.a.) | 15.50% - 44.50% |
Rate type | Fixed |
Loan amounts | $5k - $750k |
Product | Capify Australia Business Loan |
Interest rates from (p.a.) | 21.13% - 77.13% |
Rate type | Fixed or variable |
Loan amounts | $2k - $1m |
| Product | Interest rates from (p.a.) | Rate type | Loan amounts |
|---|---|---|---|
Bank of Us Small, Small Business Loan | 6.99% | Variable | $5k - $500k |
Great Southern Bank Residentially Secured Business Loan | 7.00% | Variable | $20k - $5m |
CommBank Secured Business Loan | 7.29% | Variable | From $10k |
Southern Cross Credit Union Business Vehicle Loan | 7.35% | Fixed | $20k - $150k |
Angle Finance Business Loan | 7.49% - 8.49% | Fixed | $5k - $500k |
BOQ Business Loan | 7.50% | Fixed or variable | Up to $250k |
Capital Finance Business Loan | 7.70% - 14.00% | Fixed | $5k - $150k |
Heritage Bank Equipment Loan | 7.74% | Variable | $10k - $500k |
NAB Business Options (Prime) | 7.85% | Fixed or variable | Up to $1m |
Westpac Business Loan | 7.91% | Variable | From $10k |
Liberty Business Loan | 7.95% - 17.45% | Fixed or variable | Up to $350k |
Moneytech Business Loan | 7.99% - 9.56% | Fixed | $25k - $2m |
Dynamoney Business Loan | 8.10% - 19.40% | Fixed | $2k - $1m |
Group And General Business Loan | 8.29% - 8.89% | Fixed | $10k - $350k |
Multipli Business Loan | 8.49% | Fixed or variable | $30k - $1m |
Suncorp Bank Business Essentials Term Loan | 8.94% | Variable | $10k - $5m |
Greater Bank Secured Business Loan | 8.95% | Variable | Up to $5m |
BankSA/Bank of Melbourne/St.George Business Loan | 9.23% | Variable | From $20k |
The Mutual Bank Business Mortgage Loan | 9.59% - 9.79% | Fixed (1 - 3 years) | From $20k |
TruePillars Business Loan | 9.90% - 20.90% | Fixed or variable | $25k - $300k |
The Mutual Bank Business Mortgage Loan | 10.29% | Variable | From $20k |
Finance One Business Loan | 11.45% - 23.45% | Fixed | $5k - $250k |
Drive Finance Solution Business Loan | 12.54% - 14.80% | Fixed or variable | $5k - $250k |
ANZ Unsecured Business Loan | 12.74% | Fixed or variable | $10k - $200k |
CommBank Unsecured Business Loan | 12.84% | Variable | Up to $250k |
Bromleigh Capital Business Loan | 12.90% | Fixed | Up to $100k |
Azora Finance Business Loan | 12.95% - 14.95% | Fixed | $1k - $250k |
NAB QuickBiz unsecured business loan | 12.95% | Fixed | $5k - $250k |
Beyond Bank Business Loan | 13.50% | Fixed | From $5k |
Queensland Country Bank Secured Commercial Loan | 13.54 | Variable | From $10k |
Morris Finance Business Loan | 14.99% - 18.99% | Fixed or variable | $5k - $200k |
Lumi Business Loan | 15.50% - 44.50% | Fixed | $5k - $750k |
Capify Australia Business Loan | 21.13% - 77.13% | Fixed or variable | $2k - $1m |
Business loan rates in May 2026
Business loan interest rates in Australia start from 7.49% p.a. for secured loans and 14.45% p.a. for unsecured business finance, according to Money.com.au's database of lenders.
But rates can be higher than that on some business loans. In fact, our analysis of 50+ lenders across all borrower categories shows the average business loan interest rate is around 17.20% p.a.
Among other factors, the type of business matters a lot when it comes to the rates lenders charge. The latest data from the RBA shows small businesses pay an extra 1.85 percentage points per annum on average on new business loans compared to large businesses.
Our analysis shows that on average business finance rates are lower on variable loans versus fixed. Rates on new business loans are also slightly lower on average than those on outstanding loans. Business finance rates also vary based on the type of loan you choose.
Top rates by category
Top fixed-term business loan rates
| Loan | Interest rates starting from | Loan amounts |
|---|---|---|
Angle Finance Business Loan | 7.49% p.a. | $5k - $150k |
BOQ Business Loan | 7.50% p.a. | Up to $250k |
Capital Finance Business Loan | 7.70% p.a. | $5k - $150k |
Liberty Business Loan | 7.95% p.a. | Up to $350k |
Moneytech Business Loan | 7.99% p.a. | $25k - $2m |
Top revolving credit line rates
| Product | Interest rates starting from | Credit limits |
|---|---|---|
Shift Equipment Line | 11.95% p.a. | Up to $1m |
Dynamoney Secured Business Overdraft | 14.55% p.a. | $5k - $500k |
Shift Business Overdraft | 14.95% p.a. | $25k - $1 million |
Lumi Line of Credit | 15.50% p.a. | Up to $1m |
ANZ Business Overdraft | 15.95% p.a. | Up to $200k |
Top fixed business loan rates
| Product | Interest rates from (p.a.) | Loan amounts |
|---|---|---|
Southern Cross Credit Union Business Vehicle Loan | 7.35% | $20k - $150k |
Angle Finance Business Loan | 7.49% - 8.49% | $5k - $500k |
BOQ Business Loan | 7.50% | Up to $250k |
Capital Finance Business Loan | 7.70% - 14.00% | $5k - $150k |
NAB Business Options (Prime) | 7.85% | Up to $1m |
Top variable business loan rates
| Product | Interest rates from (p.a.) | Loan amounts |
|---|---|---|
Bank of Us Small, Small Business Loan | 6.99% | $5k - $500k |
Great Southern Bank Residentially Secured Business Loan | 7.00% | $20k - $5m |
CommBank Secured Business Loan | 7.29% | From $10k |
Heritage Bank Equipment Loan | 7.74% | $10k - $500k |
Westpac Business Loan | 7.91% | From $10k |
Top business loan rates from the 'Big Four Banks'
| Product | Interest rates from (p.a.) | Loan amounts |
|---|---|---|
CommBank Secured Business Loan | 7.29% | From $10k |
NAB Business Options (Prime) | 7.85% | Up to $1m |
Westpac Business Loan | 7.91% | From $10k |
ANZ Business Loan | Pricing on application | From $7.5k |
How we find your best business loan rates
It’s just three easy steps.
Driving down our client’s interest rate
Phil Collard, Commercial Finance Broker
We recently assisted a self-employed NDIS provider seeking a better rate on business finance for a new Mitsubishi Outlander. The client needed a significantly better deal, having been quoted a high interest rate by another party due to the perceived complexity of their self-employment finances.
By leveraging Money.com.au’s lender network, we secured a rate with a flexible non-bank lender that was more than 5% cheaper than the previous offer. We also worked on structuring the loan to further minimise interest costs by ensuring the client had the ability to pay extra depending on cash flow and clear the loan earlier without penalty.
The client’s $32,000 loan was approved within two days, in plenty of time for the vehicle to be collected that weekend.
Phil Collard, Commercial Finance Broker
How business owners rate us...
How important is the interest rates on a business loan in 2026?
The interest rate on a small business loan is important, but it’s usually not the primary driver of business decisions. According to Money.com.au Commercial Finance Broker, Phil Collard, businesses looking for finance often have a pressing cash flow need, or an immediate revenue opportunity they’re looking to capitalise on.
In other words, securing the finance quickly is often just as important as rate for clients, if not more so.
"If someone's buying a business asset, they're potentially going to generate significant revenue from that asset. The best outcome for that business is finance that’s competitive, but crucially, allows them to execute on their plans without costly delays."
Of course, rate still matters a lot. All other things being equal, a lower rate can be a big money saver for your business and can help improve ongoing cash flow.
10 factors that impact your business loan rate
Your personalised business loan interest rate will be based on the level of risk your business and the loan application overall represents to the lender. Here are the main factors that determine the level of risk in lenders’ eyes:
1. The finance type
Secured business loans – like a business car loan – generally come with lower interest rates, as there is less risk for the lender. A fixed-term loan could also come with a lower rate than an ongoing credit line.
2. Type of security
For asset finance, the asset being used as security affects the rate. For example, for a business loan to purchase a vehicle, the age and condition of the asset will be a factor.
Our data shows 43% of businesses financing a vehicle purchased a brand new asset. Borrowers financing equipment and specialised vehicles, like trucks, are more likely to buy a used asset.
3. Business turnover
Businesses with a high level of annual turnover (e.g. $5m+) will qualify for lower business loan rates than lower-turnover businesses.
They can also generally borrow more, with our data showing an average loan amount of $511,516 for businesses with $50,000+ in monthly revenue, versus $53,020 for business with monthly revenue below $10,000.
4. Time in business
Established businesses generally get lower rates than newer businesses. A minimum of 12 months' trading is a common requirement.
5. Your industry
Some lenders tailor their rates based on the industry the borrower operates in. As you’d expect, businesses in lower-risk industries often qualify for lower rates.
Businesses in building and construction accounted for 1 in 5 (20.11%) loan requests, according to Money.com.au data.
6. Whether you're asset-backed
If the borrower providing a personal guarantee for the loan is asset-backed (i.e. owns a property), they’ll generally qualify for lower rates.
Our data shows 56% of business borrowers own their own home.
7. Credit score
With a lot of lenders, a credit score below 600 will make getting a business loan more difficult, with higher rates applying for low credit score borrowers who are approved.
8. Credit defaults and dishonours
If there are defaults, court orders or insolvencies in the borrower’s credit history, higher rates will apply. Dishonoured payments or being overdrawn on an account could also be considered.
9. ATO lodgement status
Borrowers with no outstanding ATO payments due typically get lower business loan rates. If you are in arrears with the ATO but the payments are manageable, you may still qualify but with a higher interest rate.
10. Loan amount and duration
This isn’t always the case, but some lenders will vary rates based on the loan amount and duration of the finance. Again, the common theme is that greater risk means higher rates.
If you have a strong business loan application, you may also be eligible to apply for larger loan amounts. For example, among Money.com.au customers, established businesses (trading for 3+ years) borrow $206,760 on average, versus $93,982 for business operating for less than a year.
Fixed vs variable business loan rates
Business loan rates can either be fixed or variable. Secured business asset finance usually comes with a fixed rate, meaning the repayments won’t change for the duration of the loan term. Cash flow finance, by contrast, is more commonly offered at a variable rate, meaning the rate can go up or down.
Many lenders will offer the option of a fixed or variable rate on their business loans, usually with slightly different rates applying.
As of early 2026, variable business loan rates are still marginally lower than fixed rates on average. But further interest rate increases could still be on the cards, which could well see variable rates edge higher.
Rates on secured versus unsecured business loans
Whether or not the finance is secured is the single factor that has the biggest impact on business loan rates. Money.com.au’s database of lenders shows that there’s usually a 4-6% difference between secured and unsecured business loans, with secured loans offering cheaper rates.
Even if you’re not using the finance to purchase an asset that can be used as security, it may still be possible to get a lower rate on the finance by offering a different asset as security.
The most common scenario is the business owner securing the finance against their residential property through a caveat on the property. This effectively gives the lender a claim on the asset in the event of default.
It’s also possible to secure a business loan against commercial property. Lenders generally prefer residential property as security and offer lower rates on residentially-secured loans.
How to get the best business loan rate
Purchase a newer asset
If you haven’t yet sourced a specific asset to purchase, it may be worth narrowing your search to new or nearly-new assets (i.e. up to three years old) so you can access lenders’ lowest rates.
Buy from a dealer
You could also give yourself a better chance of securing a lower business rate by purchasing the asset from a dealer, as opposed to buying privately.
But don’t default to the dealer’s finance
If you’re buying a business vehicle or other asset, you’ll almost certainly be offered finance there and then. Make sure you get alternative interest rate quotes as the dealer’s finance is rarely the most competitive option.
Offer security
If you own residential property or another high-value asset, offering this as security over the loan will almost certainly mean you can access lower rates.
Clean up your credit report
Relatively small things like clearing any old low-value defaults can help move you into a lower interest rate bracket, depending on the lender.
Pay a deposit
Some business loans offer lower rates if your loan-to-value ratio (LVR) is below a certain level. Contributing a deposit lowers your LVR which reduces risk for the lender and often results in a lower rate for your business.
Compare personalised rates
Lenders’ advertised rates usually have a ‘from’ in front of them. You won’t know what rates you can actually qualify for until the lender has assessed your application. Working with a business loan broker means you can check your rates with multiple lenders at once.
Consider a specialist lender
If you’re applying with limited business financials, a short trading history or bad credit, mainstream lenders will generally be very expensive (if they’ll lend to you at all). Working with a broker to access specialist business lenders often results in a better outcome.
Rates on different types of business finance
Understanding business loan rates
What’s a good business loan rate in Australia?
What represents a ‘good’ business loan rate in Australia will very much depend on the specifics of your business and the details of the finance. For a well-established business with strong revenue and extensive financials, secured business loan rates of around 7% and unsecured rates starting from 10% could be within reach.
For newer businesses working to get established, a business finance rate closer to 20% could still be considered ‘good’.
Where can I get the cheapest business loan rates?
The absolute cheapest business loan rates are typically offered by major banks and other mainstream lenders (e.g. credit unions and mutuals), but it’s extremely rare for these rates to be available to a typical small business.
The reality is the very lowest business loan interest rates are reserved for established businesses with a high level of turnover and an excellent credit record. This simply isn’t the position the majority of small businesses are in.
For small businesses, the cheapest business loan rate they can actually access might seem expensive. But it’s important to focus on getting the best rate for your business specifically, and not get swept up by the low (but unachievable) rates big banks advertise.
What’s the average interest rate on a small business loan?
Currently, the average interest rate on a small business loan in Australia is 17.35% p.a. Interest rates are higher for unsecured business loans on average versus secured finance.
Rates on business loans vary more than the rates on consumer loans, as there are more risk factors for lenders to consider. That’s why it’s important to compare your options to find the best rate for your business.
What are the different types of business loan interest rates lenders may display?
Here are the three main ways lenders will advertise — and apply — interest on business loans:
- Simple interest rate: Only shows the interest charged on the loan each year (or it’s sometimes charged monthly) as a percentage of the loan balance.
- APR (annual percentage rate): This is the total cost of borrowing (including interest and fees) expressed as an annual percentage.
- Factor rate: Often used on short-term loans. This is the interest rate on a loan presented in decimal form instead of a percentage.
Can you help me negotiate a better business loan rate?
Yes we absolutely can. Money.com.au’s experienced business finance brokers have access to a panel of more than 50 business lenders and we will leverage that panel to help you secure the lowest rate possible. To do this we’ll get an understanding of your business, what it needs and where it’s at financially right now.
That way we can identify the main strengths of your application and make a positive presentation to lenders on your behalf. Presenting a loan application in the right way can have a massive impact on the outcome and the rates the lender is willing to charge.
Does my trading history impact the rate on my business loan?
Yes, how long your business has been trading can directly impact your business loan rate in two different ways:
- A lot of lenders won’t offer finance to businesses that have been trading for less than 12 months, or even 24 months in some cases. A trading history that’s shorter than this will limit the lenders – and therefore rates – you can access.
- Even among the lenders that offer finance to newer businesses, the rates are generally tiered, meaning the shorter your trading history, the higher the rate your business will need to pay.
Can I switch to a lower business loan interest rate?
It’s generally possible to switch to a lower business loan rate by refinancing the loan. Just be aware that this process can be expensive depending on the term of your loan, as your existing lender may charge exit fees if you decide to terminate the agreement early.
What is a factor rate and when do they apply?
Some short term business loans charge a factor rate instead of an annual percentage rate. This simply means you pay back a multiple of the amount borrowed, as set by the factor rate. For example, a factor rate of 1.2 on a $100,000 loan would mean you pay back $120,000.
Why do small businesses pay higher business loan rates?
Small businesses generally face higher rates on business loans as they are viewed as a riskier proposition for lenders. Business statistics show that small businesses in their infancy have a relatively low survival rate, and lenders factor this into their risk assessment.
That said, a small business that is well established and has a strong financial position should be able to access business loan rates that are on par with those available to larger businesses.
Is a fixed or variable business loan rate better?
If you’re looking for predictable cash flow and certainty over your business loan costs, a fixed rate is likely going to be more suitable for you. If, on the other hand, your priority is flexibility and maintaining the ability to pay extra and potentially exit the loan before the scheduled term end, a variable rate may well be better.
How do I minimise interest costs if I’m on a high rate?
Even if your business can only qualify for a relatively high interest rate there are some ways you may be able to keep your interest costs low, including by:
- Contributing a deposit so you don’t need to borrow as much as you otherwise would.
- Choosing a shorter loan term.
- Making extra repayments over the life of the loan to pay down the debt faster.
- Avoiding a balloon payment as this will mean paying more interest overall, even if your regular repayments are lower.
- Optimng for a finance structure that allows you to draw down funds gradually as they are needed, rather than accessing the entire amount up front. That way you only pay interest on what you have drawn down. A business line of credit is a popular option that allows business owners to do exactly this.
If you’re looking to minimise loan costs, a Money.com.au business finance broker can help you understand your options and suggest cost-effective finance structures that work for your business.
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Sean Callery is the Editor of Money.com.au. He has over 15 years of international experience. He is qualified with a Certificate IV in Finance and Mortgage Broking (FNS40821) and is compliant to provide general advice in Tier 1 General Insurance (RG 146) products.
Shaun McGowan is the founder of Money.com.au. He's determined to help people and businesses pay as little as possible for financial products, through education and building world class technology. Previously Shaun co-founded CarLoans.com.au and Lend.
Important Disclosures
General information only
The information on this page is general in nature and has been prepared without considering your objectives, financial situation or needs. You should consider whether the information provided and the nature of any loan product is suitable for you and seek independent financial advice if necessary.
We are not providing you with a recommendation or suggestion about a particular product. You should read the relevant disclosure information from the lender before deciding whether to apply for or continue to use a particular product.
What products and information is shown?
The products displayed in our business loan comparison tables are those available from Money.com.au’s lending partners that match the loan criteria selected at the top of the table. The comparison does not cover all lenders available in the market, nor does it cover all products available from those providers shown. The comparison does not include all product features, costs and eligibility criteria that may be relevant to you.
Product information, such as interest rates, fees and charges, is subject to change without notice. Please check current product details with one of our business lending specialists or directly with the lender before proceeding.
How business loan products are sorted and filtered by default
Users can easily change the sort order and apply product filters to our product comparison tables based on what they need. However, when you first arrive on a page, a default loan amount and purpose is selected and business loans are automatically sorted by:
- Lowest starting interest rate, then;
- Provider name (A-Z)
The order of the products in our business loan comparison tables is not influenced by any commercial arrangements.
Commission we may earn
If you get a business loan as a result of visiting this page and/or dealing with a Money.com.au business lending specialist, we may earn a commission from the lender. Read more about how we make money.
Money.com.au has strict rules and policies in place that ensure we can provide accurate and reliable information to consumers and businesses about financial products, without it being influenced by our commercial arrangements.