CBA Commercial
Everything you need to know about a CBA Commercial Loan
CBA is one of Australia’s largest banks, with several financial brands under its wide-reaching umbrella, including Bankwest, New Zealand’s ASB Bank, CommSec and CommInsure. CBA has a unique history. It was founded by the national government under the Commonwealth Bank Act and has, at times, played a vital role in the Australian central banking system. Today, it is a financial institution with an international presence and is the dominant bank in the southern hemisphere, making it a convenient option for businesses and entrepreneurs who want to streamline their business banking and financing needs with a bank that offers branch access and a variety of products.
Key Benefits
- Branch access in Australia and abroad
- Convenient online and mobile transactions
- Attractive secured loans
Drawbacks
- Fees are relatively high on some commercial products
- Need assets as security for best rates
- Conservative lending policy
CBA Commercial Home Loan Products Breakdown
BetterBusiness Loan
- Secured/Unsecured
- Flexible repayment types
- Flexible loan term
A flexible loan that lets you borrow funds from $10,000
Designed for growth opportunities and business initiatives, CBA’s BetterBusiness Loan has a $25,000 minimum and can meet the financing needs of any size company. Choose either a fixed rate loan with terms up to 7 years, and 10 years for agribusiness borrowers, or a variable rate loan. If you secure the loan with residential property, expect a competitive rate and the potential for up to a 30-year term. This loan offers plenty of control over how you use your money; you can use your surplus repayments when you need them.
Simple Business Overdraft
- Fixed or variable interest rate
- Flexible repayment types
- Funds from $10,000
Competitive business loans with flexible repayment options
Give your small business room to capture opportunities and keep business flowing when your cash flow is stalled. Simply Business Overdraft is ideal for sole traders and partnerships. You can access funds from your transaction account up to your set limit. Enjoy the convenience of round-the-clock access to your funds online, by phone, with the CommBank app or an ATM. You’ll also benefit from real-time SMS alerts that keep you on top of what’s going on with your account.
Business Overdraft
- Manage cash flow
- Secured/Unsecured
- Easy access
Access available funds to help manage cash flow when you need it
For mid-sized to larger organisations, Business Overdraft offers the right amount of flexible credit to easily manage seasonal or unexpected business expenses. Instead of having to seek out fast financing, which is likely to come with a high rate, you can have this facility in place for accessible cash 24/7. The Business Overdraft facility starts at a minimum of $50,000 and can be secured or unsecured.
Bank Guarantee
- Manage cash flow
- Flexible security options
- No max amount
Provide your customers and suppliers the security of a guaranteed payment
With a Bank Guarantee from CBA, you can give your customers or suppliers total confidence in doing business with you. Choose from a variety of assets to secure your Guarantee, including cash or investment accounts, which allow you to earn interest on your secured cash. Financing approval time is quick so you can move forward with opportunities right away – and help to build your business relationships.
Market Rate Loan
- Flexible repayments
- Secured rates
- 24/7 access online
A flexible loan from $500,000 with transparent market rates
With plenty of flexibility and control, you can make CBA’s Market Rate Loan work for you, so you always have cash on hand to meet your business needs, from paying suppliers to taking advantage of sudden opportunities. Save money by using the current market rate and choosing a one to six-month rollover. You can opt to pay interest-only, repaying the principal when it works for your business.
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Estimated Refinancing Savings
Potential Lender Options
Competitive Interest Rates
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