A Business Loan is a simple, low cost way to finance small business needs, like purchasing a new vehicle. With a fixed interest rate, this Business Loan gives you security of knowing your repayments won't change.
Category: Business Loans Last Updated August 7, 2024 Effective November 1, 2024
General Lending Rates
Rates listed below are for a FIXED INVESTMENT P&I product. Additional Information Business Vehicle Low Rate Loan Special Offer for Commercial or Business purposes. Flexible loan terms 1-7 years. Conditions apply.
Interest Rate 6.49% PA
Comparison Rate 6.86%PA*
Product rates will vary depending upon your financial position< LVR, and other criteria. The product may also vary depending upon the rate type, repayment type, or loan purpose. We encourage you to contact us for a full understanding of the product and terms.
Product Variations
Product rates and conditions will usually vary based on the LVR and other conditions..
INVESTMENT, FIXED, 6.49%
Lending Rate Type: Fixed
Interest Rate: 6.49%, Comparison Rate 6.86%
Repayment Type: Principal And Interest
Loan Purpose: Investment
INVESTMENT, FIXED, 8.69%
Lending Rate Type: Fixed
Interest Rate: 8.69%, Comparison Rate 0.00%
Repayment Type: Principal And Interest
Loan Purpose: Investment
Product Features
Digital BankingAdditional Information: Access your money 24/7 through Internet Banking, Telephone Banking or Mobile Banking services.
Offset
OtherAdditional Information: Choose between variable or fixed interest rates.
Product Eligibility
BusinessAdditional Information: Available for Business purposes only. Conditions apply.
OtherAdditional Information: Membership: You must be or become a Beyond Bank Australia member.
Residency Status - Australian Citizen. Additional Information: Must be an Australian citizen, permanent Australian resident or hold a Visa. If a Visa holder's income is relied upon to determine serviceability, the term of the Visa must exceed the term of the loan.
Bank Fees and Charges
Search Fee (Upfront), Amount: 35.00. Additional Information: This fee is payable for each search we conduct in relation to a loan or security including an ASIC search or Title search.
Approval / Variation Fee (Upfront), Amount: 295.00. Additional Information: Applicable when you apply for new or increased credit or request a change to your line of credit contract.
Default Notice Fee (Event), Amount: 20.00. Additional Information: This fee is payable whenever we send you a default notice because you have defaulted under the contract.
Ppsr & Asic Search Fees (Upfront), Amount: 55.00. Additional Information: This fee is payable when we conduct a combined PPSR and ASIC Search and obtain certificates.
Security Administration Fee (Upfront), Amount: 70.00. Additional Information: This fee is payable when we prepare a Goods Security or other security in relation to any type of Business Loan.
Additional Security Fee (Upfront), Amount: 200.00. Additional Information: This fee is payable when we prepare a security such as a guarantee or a security interest over a company's asset.
Default Fee On Business Vehicle Loans And Business Loans - Unsecured - On The 8th Day (Event), Amount: 20.00. Additional Information: This fee is payable on the 8th day you are in default.
Default Fee On Business Vehicle Loans And Business Loans - Unsecured - Every 14th Day Thereafter (Event), Amount: 25.00. Additional Information: This fee is payable every 14th day thereafter for so long as you remain in default.