Fully Drawn Business Loan - Fixed Residential Security Principal and Interest

General Lending Rates

Product Variations

Product Features

• Other Additional Information: Repayment term matched to the cash flow of the business

• Redraw Additional Information: Redraw available by arrangement

• Other Additional Information: Loan terms up to 25 years available against residential security, and up to 15 years against other security types including commercial, industrial and rural property

Product Eligibility

• Business

Bank Fees and Charges

• Application Fee (Upfront), Amount: Not Listed..

• Monthly Administration Fee (Periodic), Amount: Not Listed..

• Loan Finalisation Fee (Exit), Amount: Not Listed..

• Default Fee (Event), Amount: Not Listed.. Additional Information: Will be charged monthly until no longer in default

• Approval Fee (Event), Amount: Not Listed..

• Redraw Administration Fee (Event), Amount: Not Listed.. Additional Information: Once your facility is fully drawn and approval to redraw is given. Not applicable to online redraw

• Consent Fee (Event), Amount: Not Listed.. Additional Information: Per Consent if required to Consent to the registration of a Land Titles document over the security property to a third party

• Production Fee (Event), Amount: Not Listed.. Additional Information: If Heritage is required to produce a security document to the State's Land Titles Authority or agency

• Partial Release Fee (Event), Amount: Not Listed.. Additional Information: $220.00 per security

• Redocumentation Fee (Event), Amount: Not Listed.. Additional Information: If you apply to change the specific details of your facility or substitute securities

• Heritage Cheque Fee (Event), Amount: Not Listed.. Additional Information: For each cheque drawn by Heritage on itself which is issued from your facility

• Telegraphic Transfer Fee (Event), Amount: Not Listed.. Additional Information: If a telegraphic transfer is made from your facility account via RTGS within Australia

• Rtgs Deposit Fee (Event), Amount: Not Listed.. Additional Information: If a payment/transfer to your facility account via RTGS occurs

• Transaction Listing Fee (Event), Amount: Not Listed.. Additional Information: When a transaction listing between two given dates is issued on your facility account. $5.00 per page

• Additional Statement Fee (Event), Amount: Not Listed.. Additional Information: For the second and each subsequent statement issued during a month, or when a statement is issued on your facility account at your request at any time before the next statement issuing date: $1.00 per statement

• Direct Debit Dishonour Fee (Event), Amount: Not Listed.. Additional Information: If a direct debit authorised to be made from or to your account is dishonoured.

• Sms Alerts (Event), Amount: Not Listed.. Additional Information: $0.25 for each SMS Alert delivered by SMS to your mobile phone.

• Document/record Search Fee (Event), Amount: Not Listed.. Additional Information: For record searches, traces, supplying copy of details of transactions (including Visa card transaction slips) on your facility account (refunded if fee was charged for transaction-specific information and the transaction was incorrectly debited). $12.00 per item.

• Audit Certificate Fee (Event), Amount: Not Listed.. Additional Information: $15.00 per certificate

• Heritage On-line Business Internet Banking Security Token Fee (Other), Amount: Not Listed.. Additional Information: $50.00 per token each 3 years (including replacement tokens).

• Heritage On-line Business Internet Banking Account Reconciliation (Other), Amount: Not Listed.. Additional Information: $0.05 plus GST per entry.

• Break Fee (Other), Amount: Not Listed.. Additional Information: Calculating the interest amount that Heritage would have received over the remaining fixed rate period of your Loan less the interest amount Heritage will receive on a comparable loan for the remaining fixed rate period at the date the Credit Contract is paid out.

• Capital Reduction Fee (Event), Amount: Not Listed..

• Paper Based Statement Fee (Other), Amount: Not Listed.. Additional Information: Fee is charged for each paper statement issued as per your account statement cycle. Excludes eStatements which are free of charge.

 Limitations & Restrictions (Constraints)

• Min Limit of 20000.00 Additional Information: Preferred minimum amount