Business Loan Variable Rate Principal and Interest

 General Lending Rates

 Product Features

• Extra Repayments Additional Information: You can make regular additional repayments and extra lump sum payments.

• Redraw Additional Information: Redraw available.

• Digital Banking Additional Information: Internet Banking and Mobile Banking.

• Other Additional Information: Flexible repayment terms available up to a maximum of 30 years if residentially secured, or to a maximum of 20 years if commercial, industrial, cash or mixed security.

• Relationship Management Additional Information: Eligible customers enjoy dedicated and personalised service from the Business Solutions team.

 Product Eligibility

• Min Age - 18.

• Business Additional Information: Available for business purposes for individual and non-individual borrowers, including sole traders, trusts (excluding SMSFs) and companies.

• Residency Status - Available To Permanent Australian Residents..

 Bank Fees and Charges

• Settlement Fee (Variable), Amount: Not Listed.. Additional Information: Settlement fee is estimated at $300 per settlement.

• Application Fee (Upfront), Amount: Not Listed.. Additional Information: Also known as establishment fee and payable when you accept the commercial letter of offer. (Does not apply to Residentially Secured Business Loan).

• Consent And Execution Of Leases, Plans Of Subdivision Etc. (Event), Amount: 150.00. Additional Information: Consent and Execution of Leases, Plans of Subdivision etc.

• Registration Fee (Variable), Amount: Not Listed.. Additional Information: Payable to us when there are additional costs associated with registration (for example, this may include a discharge of mortgage fee, transfer fee or any other dealing fee).

• Replacement Document Fee (Event), Amount: 100.00. Additional Information: Fee is payable for replacement of documents due to the original documentation being lost or amendments to the original documents being required.

• Upfront Fees Residential Security (Upfront), Amount: 600.00. Additional Information: For new facilities secured by residential property, this single fee replaces Application Fee, Valuation Fee, Legal and Documentation Fee.

• Upfront Legal & Document Fees (Variable), Amount: Not Listed.. Additional Information: Minimum Fee is $250. The costs for reviewing documents and preparing security documents and facility agreements differ based on the type of security and other factors. The estimated fees will be provided in your Letter of Offer.

• Interest Rate Conversion Fee (Event), Amount: 250.00. Additional Information: Fee is payable for interest rate maintenance/conversion with a Letter of Variation or Letter of Advice.

• Partial Release And Discharge Of Security Fee (Exit), Amount: 250.00. Additional Information: Payable whenever we arrange for a Partial Release or Discharge of Security.

• Limit Excess Fee (Event), Amount: 17.50. Additional Information: A limit excess fee of $17.50 each time the facility limit is exceeded. If the balance owing exceeds the facility limit with or without our approval, we charge interest on that excess at the default rate.

• Valuation Fee (Variable), Amount: Not Listed.. Additional Information: The cost of each valuation report required to be issued.