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.
Business Lending |
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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 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 |
Eligibility criteria, terms & conditions, fees & charges apply.