A number of banks have unveiled further alterations to rates charged on a variety of business loans over the past two days.
The Commonwealth Bank has announced a number of adjustments to rates applying to its BetterBusiness Advances in that time. The new rates, as of today, are:
- one-year facility: up by 0.1% to 7.95%
- two-year facility: up by 0.1% to 8%
- three-year facility: up by 0.05% to 8.05%
- four-year facility: up by 0.1% to 8.1%
- five-year facility: up by 0.05% to 8.1%.
Bank of Queensland, meanwhile, has adjusted the rates charged on its commercial rate facility. The new rates include:
- one-year facility: up by 0.04% to 6.97%
- three-year facility: down by 0.01% to 7.11%
- four-year facility: down by 0.02% to 7.23%
- five-year facility: down by 0.02% to 7.26%.
Similarly, St.George Bank has reduced the rates applying to both its fixed-rate fully-drawn advance facility and its prime overdraft rate.
Its prime overdraft rate has declined by 1% to 9%, while the new rates on its fully-drawn advance facility are:
- one-year facility: down by 0.06% to 6.6%
- two-year facility: down by 0.08% to 6.65%
- three-year facility: down by 0.08% to 6.7%
- four-year facility: down by 0.08% to 6.77%
- five-year facility: down by 0.08% to 6.8%.
To check out up-to-date comparisons of rates and fees charged on a range of business loans and transaction accounts,
click here.