Flexible variable loan to purchase or refinance a business, or a business asset or for any other worthwhile business purpose
Category: Business Loans Last Updated November 20, 2023 Effective May 3, 2024
General Lending Rates
Rates listed below are for a VARIABLE Owner Occupied P&I product. Additional Information
Interest Rate 7.76% 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..
Business Loan
Minimum: 1 PERCENT Maximum: 80 PERCENT
Lending Rate Type: Variable
Interest Rate: 9.26%, Comparison Rate 0.00%
Repayment Type: Principal And Interest
Loan Purpose: Owner Occupied
Product Features
Digital Banking
Extra RepaymentsAdditional Information: Freedom to make unlimited additional repayments - reduce your loan term and save money
OtherAdditional Information: Flexible repayment frequency - pay weekly, fortnightly or monthly / monthly for Interest Only
OtherAdditional Information: Free up extra cash by paying only the interest portion of the loan for up to five years, then reverts to P&I
OtherAdditional Information: With our Construction Loan option you can withdraw your funds gradually over a period of 12 months while you build so you only pay interest on the portion of the loan you have drawn; keeping your money in your pocket for longer
Product Eligibility
Business - Business And Non-personal Entities.
OtherAdditional Information: Terms, conditions, fees, charges and lending criteria apply and are available on application
Bank Fees and Charges
Security Handling Fee (Event), Amount: 150.00. Additional Information: Charged per occurrence. Payable in the following circumstances; deed of priority, title production, variation of priority, consent or name change.
Portability Fee (Event), Amount: 300.00. Additional Information: Charged per occasion when you wish to change the security(ies) against an existing loan(s) and there is no change to the existing loan(s) amount, loan interest rate or type, term of the loan(s), product type, borrowers or mortgagors. Discharge fees may also apply.
Discharge Of Mortgage (Event), Amount: 350.00. Additional Information: For the preparation of a discharge of mortgage.
Documentation Fee (Event), Amount: 200.00. Additional Information: Payable in the following circumstances: preparation of an additional mortgage; preparation of a guarantee; or where documents have been cancelled or redone, at your request, after contracts have been issued.
Valuation Fee (Event), Amount: 0.00. Additional Information: Valuation Fee at cost and payable by member.
Business Loan Application Fee (Upfront), Amount: 600.00. Additional Information: Application Fee of $600 for loans up to $80,000 or 0.75% of loan for loans greater than $80,000
Business Loan Application Fee (Upfront), Amount: Not Listed.. Additional Information: Application Fee of $600 for loans up to $80,000 or 0.75% of loan for loans greater than $80,000
Annual Review Fee (Periodic), Amount: 100.00. Additional Information: $100 or 0.25% of outstanding loan amount/credit limit at the time of review, whichever is greater. Applicable to business loans/business lines of credit settledbefore 1 July 2012, and payable at time of review
Limitations & Restrictions (Constraints)
Min Limit of 20000 Additional Information: Minimum loan size is $20,000.00
