Business loan interest rates and fees guide
Compare current interest rates and fees for Business Overdraft, Asset Finance, Equipment Line and Term Loan. All rates, fees and the full cost of the facility are clearly communicated in the loan agreement.
Rates were last updated 27 May 2026
Business Overdraft interest rates and fees
Business Overdraft variable rates start from 14.95% p.a. It is a revolving facility that links to your business transaction account, giving ongoing access to working capital for cash flow and everyday expenses.
Interest rates
Annual turnover | Corporate > $10m | Established business $5m - $10m | Established business $1.5m - $5m | Small business $250k - $1.5m |
|---|---|---|---|---|
Variable rate | 14.95% p.a. | 17.95% p.a. | 19.95% p.a. | 20.95% p.a. Property owner 24.95% Non-property owner |
Fees and charges
Type | Amount |
|---|---|
Annual fee | $495 for limits up to $100k $795 for limits over $100k |
Learn more about Business Overdraft →
Asset Finance interest rates and fees
Asset Finance fixed rates start from 7.95% p.a. for property owners. It funds vehicles, machinery and equipment on terms up to seven years, so you can invest in assets without paying the full cost upfront.
Interest rates
Annual turnover | Corporate > $10m | Established business $1.5m - $10m | Small business $250k - $1.5m |
|---|---|---|---|
Fixed rate Property owner | From 7.95% p.a. | From 7.95% p.a. | From 7.95% p.a. |
Fixed rate Non-property owner | From 8.25% p.a. | From 8.95% p.a. | From 10.45% p.a. |
Fees and charges
Type | Amount |
|---|---|
Establishment fee | $499 added to the loan |
Early repayment | If you choose to repay your fixed-rate loan early, an early repayment amount will apply. This amount is calculated at the time of payout. |
Learn more about Asset Finance →
Equipment Line interest rates and fees
Equipment Line fixed rates start from 11.95% p.a., with no establishment fee. Equipment Line is a revolving limit for equipment, fit-outs and imported assets, with each purchase repaid over five years. You draw funds from an approved limit as the need arises, without a new application each time.
Interest rates
Annual turnover | Corporate > $10m | Established business $1.5m - $10m | Small business $250k - $1.5m |
|---|---|---|---|
Fixed rate | 11.95% p.a. | 14.95% p.a. | 16.95% p.a. |
Fees and charges
Type | Amount |
|---|---|
Early repayment | A recovery fee will be determined when a fixed-rate facility is repaid ahead of schedule. |
Learn more about Equipment Line →
Term Loan interest rates and fees
Term Loan variable rates start from 14.95% p.a. You can use it for business investments such as expanding premises, opening a new site or a capital project. An establishment fee applies, shown below.
Interest rates
Annual turnover | Corporate > $10m | Established business $5m - $10m | Established business $1.5m - $5m | Small business $250k - $1.5m |
|---|---|---|---|---|
Variable rate | 14.95% p.a. | 17.95% p.a. | 20.95% p.a. | 23.95% p.a. |
Fees and charges
Type | Amount |
|---|---|
Establishment fee | Up to 4% of the loan amount. For example, a 2% establishment fee on a $100k Term Loan is $2k. |
Learn more about Term Loan →
FAQs
Are Shift's business loan rates fixed or variable?
It depends on the product. Equipment Line and Asset Finance have fixed rates. Business Overdraft and Term Loan have variable rates.
What are interest rates on business loans with Shift?
Shift business lending rates range between 7.95% p.a. and 24.95% p.a. The rate depends on the product and your business circumstances.
Need help?
Get in touch with us if you need help or have any questions regarding our products and fees. Simply email contact@shift.com.au or call 1300 249 649.