Business Term Loan

 General Lending Rates

• Lending Rate Type: Variable
• Interest Rate: 11.02%, Comparison Rate 0.00%
• Repayment Type:
• Loan Purpose:

• Lending Rate Type: Variable
• Interest Rate: 7.74%, Comparison Rate 0.00%
• Repayment Type:
• Loan Purpose:

• Lending Rate Type: Variable
• Interest Rate: 8.04%, Comparison Rate 0.00%
• Repayment Type:
• Loan Purpose:

• Lending Rate Type: Variable
• Interest Rate: 8.15%, Comparison Rate 0.00%
• Repayment Type:
• Loan Purpose:

• Lending Rate Type: Variable
• Interest Rate: 8.25%, Comparison Rate 0.00%
• Repayment Type:
• Loan Purpose:

 Product Features

• Other Additional Information: Minimum loan term is 1 year

• Redraw Additional Information: Redraw funds paid in addition to the minimum loan repayments (available on variable interest rate Business Term Loans only)

• Other Additional Information: Flexible repayment options including weekly, fortnightly or monthly

• Other Additional Information: Variable rate Business Term Loans: No restrictions; Fixed rate Business Term Loans: Principal reductions of up to $10,000 every 12 months

• Other Additional Information: Choose from a variable or fixed interest rate loan and flexible repayment options depending on your business needs.

• Other Additional Information: Principal and Interest; Interest only 1-5 years and a 10 year option. T&Cs apply

• Other Additional Information: Maximum loan terms are: Up to 30 years for loans 100% secured by residential property Up to 30 years for non-residential property or mixed security Small and Medium Business, security type and loan purpose eligibility criteria applies.

 Product Eligibility

• Business Additional Information: Business Customers

 Bank Fees and Charges

• Break Cost Administration Fee (Event), Amount: 50.0000.

• Legal Review Fees - Complex Documents (Event), Amount: 500.0000. Additional Information: Payable for each document that the Bank is required to review, amend or prepare and which is categorised by the bank as a complex document

• Construction Loan Fee - Contract Builder (Upfront), Amount: 250.0000. Additional Information: Allows up to 4 drawings, with each additional drawing $100.00

• Monthly Service Fee (Periodic), Amount: 25.0000.

• Break Cost Fee (Variable), Amount: Not Listed.. Additional Information: The amount is calculated in accordance with your Facility Agreement

• Substitution Of Security Fee (Event), Amount: 300.0000.

• Switching Fee (Event), Amount: 300.0000. Additional Information: Payable whenever your account is converted to another type of account at your request.

• Additional Security Fee (Event), Amount: 150.0000.

• Legal Review Fees - Standard Documents (Event), Amount: 350.0000. Additional Information: Payable for each document that the Bank is required to review, amend or prepare and which is categorised by the bank as a standard document

• Application Fee (Upfront), Amount: Not Listed.. Additional Information: 0.75% of the approved limit applies (minimum $750)

• Security Release Fee (Event), Amount: 350.0000. Additional Information: Payable when we agree at your request) to discharge a security

• Construction Loan Fee - Owner Builder (Upfront), Amount: 500.0000. Additional Information: Allows up to 4 drawings, with each additional drawing $100.00

• Annual Package Fee (Periodic), Amount: 495.0000. Additional Information: For Business Term Loans established under the Business First Lending Package(no longer for sale) this fee is charged annually on the anniversary of the package establishment date, for every year or part of the year that you hold the package.

• Settlement Fee (Upfront), Amount: 150.0000. Additional Information: Payable for completing settlement of your facility

• Early Repayment Fee (Variable), Amount: Not Listed.. Additional Information: For Business Term Loans established under the Business First Lending Package

 Limitations & Restrictions (Constraints)

• Min Limit of 10000.0000000000 Additional Information: Minimum loan amount

 Document Downloads

  facility-general-conditions.pdf (1.8 MB)
  business-banking-guide-fees-and-charges.pdf (744.7 KB)