Features and benefits
Rates & fees
Investing in your business shouldn’t cost you extra. That's why we don't charge you unnecessary monthly fees or penalties for paying down your loan.
For full details, see the Commercial Lending Schedule of Fees.
| Term | Residential Security | Commercial Security only |
|---|---|---|
| Variable Term Loan | 7.25% p.a. | 7.75% p.a. |
| 1 year fixed rate | 7.09% p.a. | 7.59% p.a. |
| 2 year fixed rate | 7.14% p.a. | 7.64% p.a. |
| 3 year fixed rate | 7.19% p.a. | 7.69% p.a. |
| 5 year fixed rate | 7.39% p.a. | 7.89% p.a. |
| Business term loan account keeping fee | $0 |
|---|---|
| Business term loan redraw / cashback fee | $0 |
| Loan establishment fee | $750 |
| Securities Administration Fee (secured loans) | $235 |
Check your business eligibility
- Sole trader
- Partnership
- Companies
- Trusts
- Co-operatives
- Incorporated Associations
Secured Business Loan FAQs
Great Southern Bank is the trading name of Credit Union Australia Limited. You may have previously known us as CUA.
For over 75 years we’ve helped our customers manage their money. We do this by providing clever products and smart tools that help you reach your financial goals sooner. Plus, being customer-owned means that our profits go back into our products and services, not shareholders.
We love helping people reach their financial goals and we can’t wait to help you reach yours, whatever they may be. Jump on Business+ online or download our Business+ app to get started.
An overdraft is a line of credit with a limit approved by your bank. It lets you to draw on that money as you need it.
A loan is a fixed amount of borrowing upfront which is repaid over a set term with regular repayments.
There are some criteria you need to meet. You can find out if you’re eligible here.
Between $20,000 and $5,000,000 depending on your business circumstances and financial situation.
You can use your loan for any business purpose, like buying a new or existing business or franchise, commercial real estate, equipment and fit outs, cashflow etc. Speak to one of our Business Bankers to learn more.
In most cases, you can expect an indicative decision within 48 hours of submitting your application.
When you apply for business finance, you (and any directors, partners or guarantors) may need to provide:
- A completed application form.
- Proof of income (financial statements and/or payslips)
- Proof of property ownership
Your loan needs to be secured by residential property, commercial property or term deposit.
You can find the latest interest rates and fees here.
If your interest rate is variable, it’s calculated daily on the balance owing and debited on the first day of each month.
If your interest rate is fixed, it’s calculated daily on the balance owing and debited monthly on the anniversary when the loan was opened.
No, you can make extra repayments at any time. Please refer to the Commercial Lending Schedule of Fees.
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For important information, view the contents of our Business Lending Terms and Conditions brochure here.
Rates current as at 27 May 2026 and subject to change. For Principal and Interest and Interest Only loans.
Loans are issued by Great Southern Bank a business name of Credit Union Australia Ltd ABN 44 087 650 959, AFSL and Australian Credit Licence 238317. Lending criteria, limits, conditions and fees apply. Ask us for details.
*All business loans issued by Great Southern Bank must be secured by real estate:
- Borrow up to 80% of the value of residential property and
- up to 70% of the value of acceptable commercial property.
If you have an existing Great Southern Bank home loan, you could save on costs by using the same property as security for your business loan. Subject to eligibility, ask us for details.
1 An early payout cost may apply if a fixed loan is terminated during the fixed rate period:
2 Minimum withdrawal amounts may apply for redraws conducted in-branch.
3 The term of the loan will be subject to relevant credit criteria, eligibility, terms and conditions, and will vary according to the loan amount, type and location of the security provided.