Following the Reserve Bank of Australia's (RBA) decision to increase the official cash rate by 0.25% per annum (p.a.), CBA will increase rates by 0.25% p.a. on eligible variable-rate business loans.
The rate change will apply to CBA Business Bank's Variable Base Rate, Commercial Variable Base Rate, Residential Equity Rate, Commercial Residential Equity Rate, Overdraft Reference Rate, and Commercial Overdraft Reference Rate, flowing through to eligible variable-rate business lending products including BetterBusiness Loans and Business Overdrafts. These changes will be effective 27 March 2026.
CBA Group Executive Business Banking, Mike Vacy-Lyle, said the Bank remains focused on supporting customers through the current economic environment.
"We know any rate increase can put added pressure on business owners. Our priority is to support customers through this period, and our teams are here to help businesses find the support that's right for them. We encourage any customer who needs help or wants to explore their options to contact our dedicated Business Financial Assistance team."
Support for business customers
CBA offers a wide range of tools and programs to support business customers at every stage of their business journey. This includes:
- Free comprehensive cash flow tracking capabilities via a Business Cash Flow tool in the CommBank app.
- Bill Sense to help customers predict future bills and CommBank's business insights tool called Daily IQ.
- CommBank Business Masterclass modules help upskill businesses in the areas of AI and cashflow with more modules to come.
- Eligible business customers can also benefit from discounts and special offers available via CommBank Yello for Business, the bank's customer rewards and recognition program.
- A range of financial support options are available for business customers experiencing difficulty, including deferred business loan repayments or debt restructuring.
