Business Loan Rate Announcements

Has your bank cut business loans rates? Here’s the rundown of which banks have announced that they will be passing on some or all of the RBA official cash rate cut to businesses.

The table below summarises the announcements made by financial institutions in relation to their business loan interest rates.

We will update the table below as announcements are made, so keep checking. You can compare current business loans here.

Lender Announcement
Arab Bank No announcement as yet
ANZ All business lending variable rate indices will decrease by 0.10%pa, effective 12th August
AusWide Bank No announcement as yet
BCU No announcement as yet
Bank Australia TBA
Bank of Melbourne Variable cash rate business loans will be reduced by 0.10%, effective 23 August
Bank of Queensland TBA
Bank of Sydney TBA
BankSA TBA
BankVic No announcement as yet
Bankwest TBA
Beyond Bank No announcement as yet
Bendigo Bank TBA
The Capricornian No announcement as yet
Commonwealth Bank Business customers to benefit from 0.13% reduction to variable cash rate product, effective 19 August
Coastline Credit Union No announcement as yet
CUA No announcement as yet
Defence Bank No announcement as yet
Delphi Bank No announcement as yet
ECU No announcement as yet
First Option CU No announcement as yet
Heritage Bank No announcement as yet
Holiday Coast Credit Union No announcement as yet
HSBC No announcement as yet
Hume Bank No announcement as yet
IMB Business Loan Rates to reduce by 0.10% per annum, effective 24th August
ING DIRECT Commercial variable loan rates reduce by 0.10% p.a. effective from Monday 15 August
Liberty Financial No announcement as yet
Macquarie Bank No announcement as yet
ME No announcement as yet
MyState No announcement as yet
NAB Standard variable business rate lending products reduce by 0.10% per annum, effective from Friday 19 August
Newcastle Permanent No announcement as yet
Northern Inland Credit Union No announcement as yet
People’s Choice Credit Union No announcement as yet
Queenslanders Credit Union No announcement as yet
Southern Cross Credit Union No announcement as yet
St.George TBA
Summerland Credit Union No announcement as yet
Suncorp Bank Small business variable interest rate reduced by 0.15% p.a. Effective 24th August
The Mutual TBA
Westpac Variable cash rate business loans reduced by 0.10%, effective 23rd August

A low cash rate can translate into business borrowing opportunity. You can compare current business loan accounts here.

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