BUSINESS TERM LOAN

General Lending Rates

Product Variations

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

• 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).

• 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

• 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.

• 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.

• 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.

• Default Administration Fee (Event), Amount: 40.00. Additional Information: Charged per month, if you fail to make a payment by the due date

• 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

• 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

• 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

 Limitations & Restrictions (Constraints)

• Max Balance of 5000000.00

• Min Balance of 20000.00

• Max Lvr of 80.00