Best Fixed Term Loan Rates
Compare offers from over 80 lenders to find your best fixed-term loan rate. Get funding up to $500,000+ in as little as 24 hours.
The Fixed Term Loan Application Process
The application for fixed-term business loans is fast and primarily online. Thousands of Aussie businesses use this simple workflow each year to secure competitive fixed rates and predictable repayments.
Apply in 2 Minutes
Fill out a quick questionnaire so we can understand your unique situation. This is 100% free.
Matched With Lender
Our LendIQ™ system compares 80+ lenders for you and finds the most applicable product for your profile with a high chance of first-application approval. This comparison won’t affect your credit score.
Funds in Your Account
If the product suits you, confirm by phone to get unconditionally approved in about a week.
WHY COMPARE FIXED-TERM LOAN RATES WITH LEND?
Our innovative technology and expert team save you time, protect your credit score, and secure the best fixed-term loan rates for you.
Trusted by Aussies
With over 50,000 loans funded and an 'Excellent' 4.8/5 rating on Reviews.io, we are one of Australia's most trusted platforms for securing business finance.
Free to use
Our comparison service is 100% free. Our mission is to help Aussie businesses find their lowest interest rates.
Safe & secure
Our process does not affect your credit score at all. It's safe to compare with us.
Comparing Fixed-Term Loan Rates
Compare competitive fixed-term loan rates from our panel of over 80 Australian lenders. Our database is constantly refreshed, so you see the most current offers. Simply hit ‘Compare Now’ to check your eligibility and personalised rates.
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Why Choose Lend for Your Fixed-Term Finance?
Our platform connects you to 80+ lenders for the best fixed-term loan rates backed by proven results and deep expertise in Australian business finance.
"A fixed-term loan isn't just about getting cash; it's about buying certainty. When you lock in your rate and repayment, you remove financial guesswork from your budget. It allows you to plan your growth with confidence, knowing exactly what your costs will be every single month."
Andrew Beckett, Head of Broker and Third Party Distribution
See Your Fixed-Term Loan Rates Now
Get your best rate from 80+ lenders without affecting your credit score. Enter your desired loan amount to compare your options instantly.
Our promise: no credit score impact
Navigating Business Finance for a Better Fixed-Term Loan Rate
This guide clarifies the requirements for securing business finance in Australia. We break down the eligibility criteria, the difference between bank and non-bank lenders, and the documentation required to help you secure a competitive fixed-term loan rate and a great fixed-interest deal. A proper loan comparison is key to finding the best rates.
Updated: 29/01/2026
Fixed-Term Lending Snapshot
To secure the best fixed-term loan rate, it helps to understand the market forces at play. The commercial lending landscape in Australia, from the dominance of secured loans to shifts in official rates, directly influences the terms you'll be offered. These key figures provide a snapshot of the current environment, helping you set realistic expectations for your funding application.
67%
Loans Allocated to Property Purchases
95%+
Market Share of Secured Business Loans
50%
SMEs Seeking Cash Flow Assistance
9.4%
Annual Growth in Non-Bank Unsecured Lending
What Lenders Actually Look For in a Loan
When assessing a business for a loan, lenders look at the overall health of the business, not just the credit score, to determine the interest rate. These four criteria are the leading indicators they use for approval.
Criteria | The Requirement | The Reason |
|---|---|---|
ABN Registration & ACN Validation | Your business must be registered and have a valid Australian Business Number (ABN) or Australian Company Number (ACN). | This proves your business is legitimate. Lenders use your ABN to verify your industry, registration date, and GST status before offering a loan rate. |
Trading History | You need to have been operating for at least six months. | Lenders need past data to understand future performance. A solid trading history shows the business is stable and generating consistent revenue, which is crucial for securing a reasonable interest rate on a fixed loan over several years. |
Annual Revenue | Your bank statements should show an annual turnover of at least $75,000. | This amount (about $6,250 per month) is a standard measure of viability. It shows the lender that your business has enough cash flow to handle repayments and can influence the final loan offer and rate. |
Director's Credit History | The business director usually needs a valid driver's licence and a reasonable credit history. | While the business's performance is the primary focus, the director's credit score is often used as a check on financial responsibility and to confirm identity for the loan. |
How a Fixed Term Business Loan Works
A fixed-term loan provides lump-sum capital for your business needs (e.g., working capital, growth, equipment) with locked-in interest rates for predictable monthly repayments. Fixed-rate options are widely available across lenders, offering certainty amid potential rate movements.
- Loan amounts typically range from $5,000 for small cash flow loans to $500,000+ for significant projects.
- Terms can be short (e.g., 12 months for working capital) or long (e.g., 3 years for a business fit-out), often with a fixed interest component.
- The most common use for a fixed-term loan is Working Capital, accounting for 69% of loans. Other popular uses include Expansion (9%) and New Fit-Outs (7%).
- Interest rates are based on risk, meaning they depend on your time in business and credit history.
- Unsecured loans, chosen by 91% of our clients, are available for businesses that don't own property, while secured loans use an asset as security.
- Repayments are structured to match your cash flow cycle (weekly, fortnightly, or monthly), and cover both principal and interest.
- Approvals from non-bank lenders are often fast for any loan, with funds settled shortly after you sign the contract.
- Interest payments on a business loan are typically tax-deductible (check with your accountant).
Quick Questions
It depends on how you apply. Checking your eligibility with a broker or using a soft-check tool generally doesn't impact your credit score. However, submitting a formal application directly to a lender will usually leave an enquiry on your credit file. This is standard for most loans.
Yes, most commercial loans can be paid off early. The idea that you are locked in for the full term is a common misconception. Some may charge an early payout fee, while others offer a discount on the remaining interest.
Most lenders work with a wide range of industries, including construction, retail, hospitality, transport, and professional services. Eligibility is usually based on your business's cash flow rather than its industry.
Our Fixed Term Loan Application Process
The application process for a fixed-term loan is now primarily online. It is designed to be quick and secure for any type of fixed-rate loan.
Step 1: Document Preparation
Get your driver's licence, ABN, and digital access to your business bank statements ready. Being prepared speeds up the submission process for your loan.
Step 2: Submission
Fill out an application with your business turnover, time in business, and the loan amount you need. This can usually be done online in under 10 minutes for most fixed loans.
Step 3: Assessment
The lender or broker reviews your information. Modern lenders use technology to securely access your bank transaction history to verify revenue, often without needing physical paperwork. This speeds up the assessment of your loan interest.
Step 4: Offer and Consultation
Once your eligibility is confirmed, you will receive loan options. This is your chance to review the interest rate, loan term, and repayment schedule for your fixed interest loan. We recommend a thorough comparison of all terms.
Step 5: Funds Settlement
After you digitally sign the contracts, the lender releases the funds. For unsecured loans, the money goes to your bank account; for asset finance, it typically goes directly to the supplier of the asset for a fixed loan.
Calculate Your Loan Repayments and Interest Rate
Specialist Non-Bank Lenders vs. Major Banks
Business owners often start with their bank but miss better fixed-term loan rates elsewhere. This table outlines the general differences to help with your loan comparison.
Pros | Cons | |
|---|---|---|
Specialist Non-Bank Lenders | Fast funding (24-48 hours), high approval rates, flexible criteria for tax debt or defaults, usually no property security required. They offer both variable- and fixed-rate loans. | Interest rates can be higher than bank rates to account for the increased risk and the faster pace. The final rate can be fixed or variable. |
Major Banks | They typically offer the lowest interest rates in the market and provide in-person banking services. Often a good choice for a long-term fixed loan. | Slow application process, rigid approval criteria, often require property security, and have higher rejection rates for small to medium businesses seeking loans. |
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Frequently Asked Questions
Most lenders support a broad range of industries (construction, retail, hospitality, transport, professional services, etc.). Approval focuses on cash flow and viability, not industry type, making it easy for most businesses to compare fixed-term loan rates.
Soft checks via our broker/comparison tools have no impact. Direct lender applications may require an enquiry (standard for formal fixed-term loan checks). Compare safely first to explore the best rates without risk.
Yes, most fixed-term loans can be paid off early. The idea that you are locked in for the full term is a common misconception. Some may charge an early payout fee, while others offer a discount on the remaining interest. This is a key point of comparison for these types of loans.
In most cases, these services are free for the borrower. The broker is paid a commission by the lender you choose, ensuring you can find great loan rates with minimal upfront cost.
A balloon payment defers part of the principal to the end, lowering monthly repayments and improving cash flow. Ideal for asset-heavy businesses (e.g., equipment, vehicles). The plan for the final payment is great for fixed-rate budgeting.
It’s a simple asset validation process. You provide photos of the asset, its VIN or serial number, and the invoice. The lender checks to ensure no one else has a claim to it, then registers their interest on the Personal Property Securities Register (PPSR).
What Happens After Your Loan Is Approved?
Once a lender approves your loan, the final steps are quick and efficient. You are on your way to securing a great rate.
- Digital Contracts
You will receive a loan contract by email. Most modern lenders use secure digital signing platforms that let you sign documents on a smartphone or computer for your fixed-rate loan. - Final Verification
The lender might do a final check, such as a quick welcome call, to confirm your bank account details and repayment schedule for your loan. - Funds Settlement
Funds are sent via Real-Time Gross Settlement or Osko, which means the money often arrives in your account on the same day the contract is finalised. This ensures fast access to your approved loan capital.
Andrew leads Lend's distribution strategy to ensure Australian small and medium enterprises have access to the broadest range of financial products. He specialises in matching businesses with lenders that look beyond simple credit scores to secure a better loan rate.
Andrew Beckett, Head of Broker and Third Party Distribution
Phil oversees the operational excellence of the Lend platform. He is responsible for the LendIQ™ technology that powers the seamless matching process, ensuring a smooth experience for business owners seeking a fixed-rate loan.
Phil Druce, Chief Operations Officer
Client Success Stories
Urgent Funding Secures Major Event Contract
A Melbourne-based event management company secured an urgent corporate contract requiring $80,000 in upfront supplier payments within 24 hours. As traditional banks couldn't meet the deadline, an unsecured business loan was approved in just hours. This allowed the company to pay suppliers, deliver the event on schedule, and generate over $200,000 in revenue that would have otherwise been lost.
Specialist Lender Overcomes Bank Rejection
Dr. Emily's medical imaging clinic was declined by a major bank for a $1.2 million commercial mortgage to purchase a small radiology centre. The bank cited the property's multiple tenancies as an unconventional asset. A specialist lender assessed the property’s strong cash flow potential and long-term lease stability, approving the loan and enabling the clinic to acquire the centre and expand its patient services.
Strategic Loan Fuels Wholesale Growth
A Melbourne wholesale food distributor used a $250,000 unsecured business loan to free up working capital. This allowed the owner, Lucas, to purchase bulk inventory ahead of the peak holiday season. The additional cash flow enabled him to take on multiple supermarket contracts simultaneously, increasing revenue by 50 percent in just three months without draining existing cash reserves.
Why Australia Trusts Lend
See Your Fixed Term Loan Rates Now
Get your best rate from 80+ lenders without affecting your credit score. Enter your desired loan amount to compare your options instantly, as our guide helps you find the best fixed-term loan rates for your business.
Our promise: no credit score impact