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A fixed rate business loan provides certainty and fixed repayments to help with budgeting.
Business Lending Features |
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|---|---|
| Interest Rate : | Interest rates differ based on the type of security you provide for your loan, your loan amount and other factors. |
| Minimum loan amount : | No minimum |
| Maximum LVR : | 70% against commercial property; 80% against residential real estate |
| Maximum loan term : | Dependant on loan type and security offered |
| Interest calculation : | Calculated daily, charged monthly |
| Repayment type : | Principal & Interest; Interest Only |
| Repayment frequency : | Principal & Interest:- weekly, fortnightly or monthly; Interest Only:- monthly |
| Establishment fee : | Based on the loan amount approved at the time of application |
| Monthly loan fee : | $0 |
| Early termination fee : | Minimum 1.00% of the total loan amount applied for or as approved at the time of application |
| Extra repayments : | No |
| Interest offset : | No |
| Redraw : | No |
| Loan preparation fee : | At cost |
| Increase/top up : | Not during fixed period |
| Business type : | Businesses of any type, including sole traders, partnerships, trusts and registered companies. Groups or individuals using the lending facility for business purposes are also eligible. |
| Security : | Secure your loan with residential, or commercial property; or cash collateral |
| Second mortgage security : | No |
| Vacant land as sole security : | No |
Eligibility criteria, terms & conditions, fees & charges apply.