Variable Business Loan Secured

A variable rate commercial loan designed for members who are in business and need long term funding to purchase fixed assets and can provide commercial, retail or general business buildings as security.

Key Features
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Product Features:

Business Lending
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 loan amount :	$2,500,000
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 :	Dependant on loan amount
Monthly loan fee :	$0
Early termination fee :	$0
Extra repayments :	Yes
Interest offset :	No
Redraw :	Yes
Loan preparation fee :	At cost
Increase/top up :	Yes
Business type :	Businesses of any size, 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, rural, or commercial property; or cash collateral
Second mortgage security :	Yes
Vacant land as sole security :	Yes - Residential zoning only

Business Enquiry Form

First Name *

Surname *

Business Name *

Address *

Phone *

Email *

Are you a G&C Mutual Bank member? *

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Eligibility criteria, terms & conditions, fees & charges apply.

Product Features:

Business Lending

Business Enquiry Form

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