Business Loan Interest Rates | Business Finance

Jade Finance can achieve the best interest rates on a wide range of commercial finance products for the purchase of business equipment, machinery, trucks, vehicles and other purposes. We’ve summarised our current interest rates in this reference chart for your convenience. Enter the amount you are seeking and the term you would prefer to see the possible repayments for different loans. For a firm quote on your specific requirements, please contact us on 1300 000 008 and discuss your needs with one of our consultants.

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Business Loan Interest Rates

While we constantly remind our customers that we don’t like being beaten on interest rates, we also remind them not to base loan decisions solely on advertised interest rates, what the bank might quote or on information shared by friends.

Jade Finance is accredited with a vast number of banks and lenders. This enables our consultants to access interest rate offers, specific to your business loan, from a large number of sources. More options for use translates into a cheaper interest rate for you.
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Calculating Interest Rates for Commercial Loans

Determining Business Loan Interest Rates

Interest rates are determined on a combination of both a larger industry perspective and a smaller applicant perspective.

These include:-
  • The industry that you are in and the purpose of your loan and if that lender as an understanding and knowledge of that sector.
  • The loan amount and the loan term requested.
  • Specifics of the purpose for the loan or asset to be loaned against: condition, type etc
  • The credit profile and risk assessment of the business.
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Competitive Interest Rates on Commercial Loans

Industry Perspective

Rates vary from lender to lender depending on their own area of loan specialty, their access to funds, their specific loan guidelines and how they price business loans. In addition, there are impacts from the international economic environment.

Applicant-specific Perspective

Focussing on your individual business loan application, each lender will use a range of considerations to determine the rate offered on your business loan.

Loan Calculator

When making use of our online loan repayment calculator, please bear in mind these possible points: The resulting regular monthly repayment that is calculated is not a certain lending quote, it is not a loan offer and it does not mean your application has actually been approved for that, or any other financing. The loan amount that you input might not be the final total amount loaned as there could possibly be added loan fees and costs used by the loan provider or financial institution. You can include an added amount in the finance total amount for the additional expenses in relation to insurance coverage, extended warranties or other costs involved in what you are buying.

 

This calculator is available to offer quote estimates based on the input information only. It does not take into consideration individual application variances. The finance offer as well as payment amount you receive from your Jade specialist might be greater or lower than the outcome you have calculated.
This calculator is developed to calculate financing repayments based on a provided rate of interest over a set time period. It is not to be used for interest-only financing estimations. It calculates rate of interest as well as repayments by compounding calculation over the monthly term.

Jade Finance has not only a commitment, but a proven track record of supporting Australian businesses with the best and the cheapest business loan interest rates. Interest rates have fluctuated regularly over since Jade Finance was established, but our drive to provide the best rates has never wavered.

The interest rate is only one element in an effective commercial loan package, but a very important component. When you secure a business loan over 4 or 5 or even up to 7 years for major investments, each small percentage variation in the interest rate can add up to a significant amount over the term of the loan. Amounts which are eating away at your business profits.

Our consultants do the hard work upfront, when securing your loan, to ensure you have the cheapest interest rate today which will translate into a better bottom line at the end of the loan term.

Once the lender takes those factors into account, your Jade Finance consultant uses the full strength of our bargaining power as a major player and the expert skills to negotiate the rate down to the cheapest possible.

Jade Finance provides that level of professional service to all businesses and for all loan types, regardless of the size of your business or the size of your loan.

Don’t go shopping around just for interest rates. A call to Jade Finance is an astute decision as it will ensure that you receive the best business loan quote based on the best interest rates available and tailored to suit your specific business requirements.

Speak with a Jade Finance Consultant to discuss your business loan requirements.

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*The purpose of the interest rate comparison table is to provide a guide only and for comparing the interest rates on different commercial loan products. Quoted repayments are based on advertised rates and do not include lender fees and charges. An offer made to you by a lender may be at a different interest rate and have a different repayment. Using this device is not an application, any indication of an offer, and is not a loan approval.

DISCLAIMER: This comparison chart is provided for general reference purposes only. It is not in any way intended as a loan application, it is not a quote for business finance or any indication that an application has been received or approved. The rates quoted are for business use where the funds are predominately for business use and may not include all the fees and charges that may be applicable. The interest rates and the repayments displayed do not account for any conditions pertaining to your individual loan application. Therefore the interest rate and repayment you may be offered may vary from the amount shown.

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Business Loan Rates FAQ's

  • An online lending calculator is only for obtaining estimates and does not include lender charges or make allowances for user credit variations. Any offer received from a lender can be at a different rate from the advertised rate.

  • Both banks and finance companies can be highly competitive in commercial lending. The competitive edge may vary with the type of product – secured or unsecured. The industry sector, especially for equipment credit, may influence rates with some specialist non-bank lenders highly competitive in their specific lending area.

  • Rates advertised or displayed by banks and lenders will tend to be their lowest rate for strong applications with good credit for purchases of new goods. An individual application that does not meet the highest criteria levels may be offered a different rate.

  • Applicants with a good credit profile and strong financials are typically offered the best rates. Lender rates advertised are for new goods. Used goods may attract higher rates. To improve the application, operators may look at reducing debt levels and improving credit score.

  • Yes. Applications for commercial car credit can be submitted to a broker, lender or bank and approved before the vehicle purchase is finalised.

  • Being registered for GST is not essential for being eligible for commercial credit but lenders may look more favourably at operators that are registered for GST. Operators without GST registration but with good financials and a strong application may be offered competitive rates.

  • Yes. Commercial credit interest is treated as a tax deduction.

  • Operators would need to request a quote in order to obtain a specific rate for the credit purpose.

  • Yes. Buyers can use an online calculator as offered by lenders to calculate estimates of their car loans using advertised rates.

  • Asset acquisition funding and secured commercial credit are typically arranged with a fixed rate that does not change. Some unsecured products may have a variable rate which is subject to lender and market fluctuations.

  • Operators can select from a number of credit products to finance trucks. The rates differ across the selection.

  • No. Lenders assess each application on an individual basis and make rate offers based on that assessment. Factors such as credit rating, financial assets, current liabilities and debt levels, turnover and other aspects are considered. The variations in applications results in different rate offers.

  • Not necessarily. As secured format credit, car and equipment funding rates can be highly competitive. While motor vehicle rates tend to be consistent with the type of vehicle, equipment rates can vary with the type of equipment and/or the industry.

  • Asset acquisition funding products for cars, trucks and equipment tend to attract the cheapest rates as they are secured financing facilities. Within that category, the rates vary with CHP and Chattel Mortgage the lowest, Leasing a bit higher and Rent-to-Own the highest. Unsecured credit and overdrafts tend to attract higher rates than secured credit.

  • The financial position, turnover, trading history and other factors of the application for self-employed operators will be considered when lenders make a funding rate offer. Often the personal financials of the operator would also be considered. Self-employed operators can receive competitive rates but all offers are subject to lender decisions.