Anzac Day: Our Branches and Contact Centre will be closed for the Anzac Day public holidays on Saturday 25 April and Monday 27 April and return to normal trading hours from 9am Tuesday 28 April 2026. Scheduled payments will be made in advance on Friday 24 April.
11.54
%
p.a.
Interest rate
Expand with confidence
Power your business ambitions with a flexible Commercial Loan designed to help you seize opportunities. Enjoy competitive rates, custom repayment options, and loan amounts to suit your needs.
Whether you’re upgrading equipment, expanding operations, or managing business growth, we’re here to support your success.
Product Features:
Business Loans |
|
|---|---|
| Fixed rate options : | Available on application |
| Minimum amount : | $20,000 |
| Interest : | Calculated daily, charged monthly |
| Interest Only : | Available |
| Construction loan : | Available |
| Repayments : | Weekly, fortnightly or monthly. Interest only loans, monthly |
Commercial Loan
Effective Date: 18 November 2025
| Commercial Loan | Interest Rate |
| Variable Rate | Variable rate 11.54% p.a. |
Commercial Overdraft
Effective Date: 18 November 2025
| Commercial Overdraft | Interest Rate |
| Variable Rate | 11.79% p.a. |
Meet Our Team
Erroll Russell
Business Banking Manager
With a career spanning more than 40 years, Errol has built a reputation as a trusted advisor who forms strong, long‑term relationships and explains banking in a clear, practical way that helps business owners make confident decisions.
With a long‑standing connection to the Maitland community, Errol has spent over a decade with The Mutual Bank, including time running his own small business before returning to the team and recently celebrating an additional 10 years of service.
Drawing on his combined experience in banking and business ownership, Errol focuses on delivering practical, tailored lending solutions that help local businesses grow and succeed.
Scott Pullbrook
Business Banking Manager
Scott brings more than 40 years of banking experience, supporting both commercial and retail businesses throughout his career. He has extensive expertise in assessing business needs, managing risk across diverse industries and developing tailored plans that help clients move forward with confidence.
Scott is known for his steady, supportive approach and genuine commitment to long‑term client relationships. Outside of work, he enjoys time with family, travelling and the occasional game of golf with mates.
Zac Baylis
Business Banking Manger
Zac is a proud Hunter local with deep connections across the region. With broad experience across Finance, Treasury, Payments, Lending Operations and both Retail and Business Banking, he brings a well‑rounded understanding of what businesses need to thrive.
He works with clients across a wide range of industries and is known for his practical approach, clear communication and commitment to helping business owners make confident financial decisions.
Zac also contributes to the community through his role on the board of a local non‑profit supporting young people into meaningful employment.
Helia Mahinroosta
Business Banking Analyst
Helia supports the Business Banking team with strong technical expertise and a keen eye for detail. With a Bachelor of Commerce (with Distinction) and a solid background in accounting and finance, she ensures lending processes run smoothly from start to finish.
Based in Newcastle, she works closely with the Maitland and surrounding regions and continues to build strong local knowledge. Helia enjoys helping members navigate the lending process and takes pride in making complex steps feel simple and manageable.
Kelly Farrell
Lending Support Officer
Kelly brings over two decades of banking experience to the Business Banking team, ensuring lending operations stay organised and on track.
She is known for her friendly, down‑to‑earth approach, strong attention to detail and commitment to creating a positive experience for every member.
Kelly works closely with both the team and clients to support great outcomes and keep the lending journey running smoothly.
Frequently Asked Questions
Loan redraws are allowed on both variable and fixed commercial loans, subject to the terms and conditions specified in the loan agreement. The minimum redraw amount is $1,000.
For more information talk to our Business Banking Managers.
Yes, The Mutual Bank have partnered with Angle Finance (an Australian-based non-bank lender) to help The Mutual Bank members finance primary assets including transport, construction, materials handling, and earthmoving assets. Angle Finance will also finance secondary and tertiary assets. Reach out to our team for more information.
The Mutual Bank offers a range of transactional services, including our Business Everyday Account, Business Internet Saver Account, Visa Debit Cards, Internet Banking and Mobile Banking App (make payments to multiple creditors or staff, automated bank feeds for your business accounts), and merchant payment options.
The Mutual Bank can also assist with Business Overdraft options to help manage cash flow highs and lows, and Bank Guarantees for rental bonds, contract performance and retention.
The Mutual Bank requires full documentation to establish a borrower’s eligibility. This includes identification, financial statements, tax returns and other relevant documents to verify income and expenses, assets and liabilities.
The minimum loan amount for commercial loans is $20,000. The maximum is usually capped at $10 million, unless negotiated and approved by The Mutual Bank.
The maximum term for commercial loans is typically 20 years. Interest-only repayment periods can be up to 5 years.
For The Mutual Bank Business Loans, LVR varies based on the security type e.g. residential or commercial. Please contact a local Business Banking Manager to find out more.
Choosing The Mutual Bank means getting competitive lending rates and direct support from an experienced, dedicated Business Banking Manager (no call centres involved). We understand the needs of businesses and make banking straightforward and stress‑free, so you can stay focused on growing your business.
Absolutely. With The Mutual Bank, you’ll have your own dedicated business banker. We believe in genuine relationship banking and work closely with SMEs one-on-one to support and grow their business.
Ready to Grow Your Business?
Our team is here to help you navigate your business's financial journey. Partner with The Mutual Bank and take the next step in your business's success story.
