CBA: BetterBusiness Loans (Up to $250,000)

Offering an unsecured loan of up to $250,000 (lending criteria applies) with no establishment, no account fees, and no repayments required for 6 months for small and medium-sized businesses with less than $50 million annual turnover. For the first 6 months, interest will be deferred and capitalised at a reduced variable rate from 4.5% p.a. From 6 months, principal and interest payments will be required. What is available? Three year, unsecured BetterBusiness Loans of up to $250,000 for working capital purposes only (not asset purchases or refinancing of existing debt). For the first six months, all repayments are deferred. For the remaining term of the loan, amortising principal and interest repayments will be applicable. No establishment or account fees. This offer is for new loan applications only and cannot be applied to existing loans, including top-ups or variations. Customers may only access one loan under this offering. The BetterBusiness Loan includes online redraw capability, which means customers will only pay interest on drawn balances. Who is eligible? Small to medium sized businesses and community groups with annual turnovers less than $50 million can apply for loans under this offering. The offer is limited to one loan per customer. Not-for-profit organisations with turnover less than $50 million are also eligible. Both current CommBank business customers and new-to-bank customers are eligible.