A business loan with competitive variable and fixed interest rates and the flexibility to redraw.
Category: Business Loans Last Updated August 13, 2024 Effective November 1, 2024
General Lending Rates
Rates listed below are for a FIXED product. Additional Information
Interest Rate 7.04% PA
Comparison Rate 0.00%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..
Commercial or Other Security - Var
Minimum: $20000.00 Maximum: $5000000.00
Lending Rate Type: Variable
Interest Rate: 8.53%, Comparison Rate 0.00%
Repayment Type:
Loan Purpose:
Residential Sec - 1 Yr Fix
Minimum: $20000.00 Maximum: $5000000.00
Lending Rate Type: Fixed
Interest Rate: 7.04%, Comparison Rate 0.00%
Repayment Type:
Loan Purpose:
Residential Sec - 2 Yr Fix
Minimum: $20000.00 Maximum: $5000000.00
Lending Rate Type: Fixed
Interest Rate: 7.04%, Comparison Rate 0.00%
Repayment Type:
Loan Purpose:
Residential Sec - 3 Yr Fix
Minimum: $20000.00 Maximum: $5000000.00
Lending Rate Type: Fixed
Interest Rate: 7.14%, Comparison Rate 0.00%
Repayment Type:
Loan Purpose:
Commercial/Other Sec - 1 Yr Fix
Minimum: $20000.00 Maximum: $5000000.00
Lending Rate Type: Fixed
Interest Rate: 7.44%, Comparison Rate 0.00%
Repayment Type:
Loan Purpose:
Commercial/Other Sec - 2 Yr Fix
Minimum: $20000.00 Maximum: $5000000.00
Lending Rate Type: Fixed
Interest Rate: 7.44%, Comparison Rate 0.00%
Repayment Type:
Loan Purpose:
Commercial/Other Sec - 3 Yr Fix
Minimum: $20000.00 Maximum: $5000000.00
Lending Rate Type: Fixed
Interest Rate: 7.54%, Comparison Rate 0.00%
Repayment Type:
Loan Purpose:
Product Features
Redraw
Bill Payment
Product Eligibility
Business
Bank Fees and Charges
Establishment Fee - Business Loans (Upfront), Amount: Not Listed.. Additional Information: Miniumu fee of $600.00. To cover our costs associated with establishing your loan/additional loan, further advance, increasing your credit limit or when you substitute one security property with another. Minimum fee of $600.00
Settlement Fee (Event), Amount: 100.00. Additional Information: Payable when we process the settlement of your loan. Waived for Freedom Package loans
Rate Lock Fee (Event), Amount: Not Listed.. Additional Information: Minimum fee of $250.00. If you elect to lock-in a fixed interest rate prior to commencement of the fixed rate term. Minimum fee $250.00
Account Service Fee - Business Term Loan (Periodic), Amount: 20.00. Additional Information: Payable for managing your account
Switch Fee (Event), Amount: 500.00. Additional Information: Plus any break costs. Payable when you change interest rate type or if we agree to your request to extend the term of a fixed interest rate period or to change the fixed interest rate. Break costs may also apply.
Investigation/correction Fee (Event), Amount: 0.00. Additional Information: Payable when we process your request to trace, reverse or correct a payment or where you ask us to investigate a disputed transaction on your account
Redraw Fee (Event), Amount: 20.00. Additional Information: Payable when we manually process your request (eg: in Branch) to redraw available advance funds from your loan account. Excludes online redraws
Document Recovery Fee (Event), Amount: 0.00. Additional Information: Payable when we process your request to obtain a copy of a deposited cheque, a sales voucher or any deposit, withdrawal or transfer form associated with your account
Document Search Fee (Event), Amount: 0.00. Additional Information: May apply when you request us to conduct a search for documents associated with your account other than documents charged for under the Document recovery fee
Rtgs Outward Payment Fee (Transaction), Amount: 20.00. Additional Information: Payable each time you request a high value, time critical payment from your account to another financial institution on a real time basis for same day payment
Audit Certificate Fee (Event), Amount: 0.00. Additional Information: When you request us to prepare an Audit Certificate on your account
Paper Statement Fee (Periodic), Amount: 0.00. Additional Information: Payable when we issue you with your statement of account in paper
Additional Statement Fee (Event), Amount: 0.00. Additional Information: Payable when you request us to issue you an additional statement of account
Mortgage Release Fee (Event), Amount: 400.00. Additional Information: Plus third party costs if applicable. Payable per mortgage when we process your request to release a security from your loan, including a partial release. Third party costs may also be payable
Valuation Fee - New Loans & Loan Increases (Variable), Amount: Not Listed.. Additional Information: Initial Valuation Fee included in Establishment Fee up to $300 (total per application). Initial Valuation Fee included in Package Fee up to $400 (total per application), subsequent Valuation Fees (eg. additional loans) included in Package Fee up to $300 (total per application).
Document Preparation Costs And Third Party Costs (Variable), Amount: Not Listed.. Additional Information: Charged at Cost. May apply where we need to engage external solicitors to prepare the mortgage documents. Covers the cost of documentation preparation, Government charges etc.
Conditions Subsequent Costs (Variable), Amount: Not Listed.. Additional Information: Charges vary - Charged at Cost. May apply to reimburse us the costs associated with confirming compliance with any special conditions in your loan agreement, such as the charges from third parties to provide reports to us.
Legal Agent Fee (Variable), Amount: Not Listed.. Additional Information: Charges vary according to location of security. May be payable if we arrange a legal agent to represent us.
Default Administration Fee - Business Loans (Variable), Amount: Not Listed.. Additional Information: Default Interest Applies - 4.5% p.a. plus the non-default rate. Payable if there is an event of default under the terms of your loan.
Break Costs (Variable), Amount: Not Listed.. Additional Information: Calculated at the time of your request. Payable if during a fixed rate period you, repay all or part of the amount you owe us, request a change to your interest rate type and we agree and process your request, request a change to your fixed interest rate and we agree and process your request.
