Get where you’re going, faster
Whether it’s to help you expand operations, better manage cash flow, or invest in vital resources to grow your business, Summerland Bank is invested in seeing local businesses thrive. Our competitive Fixed Rate Business Loan can offer much-needed stability and predictability as you ride the waves of the market.
1 year 7.09% p.a.
Fixed rate1
Fix your interest rate for up to five years and enjoy the flexibility of an added redraw facility. Designed to give you ultimate peace of mind and maximum certainty, our fixed rate loans are available on both a principal and interest or interest-only basis.
Mix and Match
Split it
Divide your business loan into two or more portions with varying interest rates, including an interest-only period during construction, to make sure you’re always getting the best deal.
Ultimate flexibility
Redraw facility
Giving you the flexibility to pay down your loan faster while still having access to additional funds when you need them.
Why a Fixed Rate Business Loan?
No nasty surprises
Stability
Your regular repayments remain consistent throughout the loan term, with interest only options available
Predictability
know exactly what you’re in for, so it’s easier to budget and plan for the longer term
Clarity
With clear terms and conditions, there will be no surprises during the life of your loan
Protection against rate increase
Even if market interest rates rise, your rate will stay the same
Peace of mind
the certainty of a fixed interest rate can relieve some of the stress of market volatility and reading the financial news headlines
Check with our calculators
Access all our calculators here.
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.
Speak to our lending experts
Your lending specialst 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!
Got questions? We’ve got answers
Can I apply I apply or a Fixed Rate Business Loan online?
You sure can! Our online application process makes it easy to get started. Just have your business details and ID ready, and we’ll guide you through the steps. If you need any help along the way, our friendly team is just a call away.
Can I make extra repayments on a Fixed Rate Business Loan?
Absolutely! With a Fixed Rate Business Loan, you can make additional repayments to pay down your loan faster. However, keep in mind there’s a limit to how much you can pay off each year without incurring a break cost fee. Speak to us for the full details.
What are the benefits of a Fixed Rate Business Loan?
A Fixed Rate Business Loan offers some fantastic advantages:
- Stability: Lock in your interest rate and enjoy predictable repayments.
- Cash flow certainty: Knowing exactly what your repayments will be helps with planning your business finances.
- Protection from rate changes: No surprises—your rate stays the same during the fixed term, even if market rates go up.
How long can I fix the rate on my business loan?
We offer flexible fixed terms from 1 to 5 years. Choose the term that best suits your business goals and cash flow needs. When the fixed term ends, you can either refix your rate or move to a variable rate option.
Is a Fixed Rate Business Loan right for my business?
If you’re looking to lock in your interest rate and want predictable repayments, a Fixed Rate Business Loan is a great choice. It’s especially useful for businesses with consistent cash flow or those wanting protection from potential rate rises. Need guidance? Talk to one of our lending specialists—they’ll help you figure out if it’s the right fit.
Can I refinance my existing business loan to a Fixed Rate Business Loan?
Yes, you can! Refinancing your current loan to a Fixed Rate Business Loan could help you secure a lower rate and gain the benefits of fixed repayments. We’ll guide you through the process to make it as smooth as possible.
Schedule a call with a lender.
Choose a time that works for you and our local team will give you a call.
The legal stuff
1. Rate applicable to residential security only. A different rate applies for non-residential security properties. Contact us for more information.
This is general advice only and may not be right for you. Please read the Credit Guide before making decisions. Terms and conditions, fees and charges apply. Copies can be obtained from one of our branches or by calling our Contact Centre on 1300 728 728
Why choose Summerland Bank?
We believe in a local and personalised kind of banking, one with your best interests at heart. With our competitive range of products for businesses, grow with us by your side and in your corner.
Personalised support
Either in store or online, our friendly and experienced local team can answer any questions you may have about our loans and how we can support you to realise your potential.
No hidden fees
With no ongoing monthly fees for eligible borrowers, enjoy the benefits of a loan that helps you get where you’re going, faster.
A lender you can trust
Providing a braver banking alternative since 1964, from our early days as a credit union, now to a purpose-driven and Certified B Corp bank, you can’t spell trust without us.
Online and digital banking
Giving you safe, secure and easy-access to your accounts on the go with our user-friendly app and innovative digital banking experience. Available for both iOS and Android.
Ready to get started?
If you’re ready for a braver kind of banking, here are three ways to get started with Summerland Bank.
Visit a branch
Find your closest Summerland Bank branch and our friendly local team will be ready to help.
Is there something else we can help you with?
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