Commercial Loan Interest Rate Update – Variable Fixed Rates
As of September 2024, commercial loan interest rates in Australia are averaging around 6.75% for variable-rate loans and 7.10% for fixed-rate loans, depending on the loan type and borrower’s risk profile. The Reserve Bank of Australia (RBA) has kept the official cash rate steady at 4.10%, influencing lenders to maintain stable rates for commercial borrowing.Read More