Business credit demand is growing at a consistent rate of just under two per cent, according to the Veda Quarterly Credit Demand Index.Veda tracks applications for business loans, trade credit and asset finance, which grew 1.8 per cent in the September quarter compared with the same period last year.Year-on-year growth in the June quarter was 1.7 per cent and in the March quarter was 1.8 per cent.Veda general manager of commercial risk, Neil Shilbury, said the September quarter was unusual because there was no post-election pick-up in demand."In most election years we see a significant boost in business credit demand shortly after a newly elected government has been established."Demand for business credit was strongest in the Australian Capital Territory, where it went up 12.2 per cent. Applications rose four per cent in Tasmania, 3.6 per cent in Victoria, 2.7 per cent in New South Wales and 0.3 per cent in Queensland.Applications fell 7.8 per cent in the Northern Territory, 2.1 per cent in Western Australia and one per cent in South Australia.