Business Essentials Term Loan (Introductory Special Rate Offer)

 General Lending Rates

• Lending Rate Type: Variable
• Interest Rate: 6.44%, Comparison Rate 0.00%
• Repayment Type:
• Loan Purpose:

 Product Features

• Digital Banking

• Other Additional Information: Fixed & variable rate options

• Offset Additional Information: Reduce your interest repayments with our offset feature (variable only). The funds in your linked Suncorp business transaction account will offset the balance of your Small Business Essentials Loan.

• Redraw Additional Information: Manage your cash flow with our Cashback feature, enabling you to access any extra money you've paid into your loan (variable only)

• Other Additional Information: Split your loan across fixed and variable rates. You can choose to split your loan and fix a portion of your borrowings at a fixed interest rate for greater budgeting certainty.

• Other Additional Information: Flexible security options – residential, commercial/industrial or a mix of these options

• Other Additional Information: Principal and Interest (P&I) or Interest-only (IO) repayment options

• Other Additional Information: Choose weekly, fortnightly, or monthly repayments

• Other Additional Information: Choose to pay more than your required minimum monthly repayment (variable only)

• Other Additional Information: Make additional repayments or lump sum payments (variable only)

• Other Additional Information: May form part of a Business Ready Package depending on eligibility criteria.

 Product Eligibility

• Business Additional Information: You must be a registered Australian business with a current ABN or ACN.

• Other Additional Information: You need to have security such as residential property, commercial or industrial property, or a combination of these.

• Other Additional Information: You will also need to provide a completed application with supporting documentation including 2 most recent consecutive years of financial information.

 Bank Fees and Charges

• Establishment Fee (Event), Amount: 1000.00. Additional Information: New term loans between $20,000 and $999,999

• Establishment Fee (Event), Amount: Not Listed.. Additional Information: New term loans between $1,000,000 and $5,000,000

• Property Evaluation Fee - Commercial Security /commercial Property Valuation Fee (Variable), Amount: Not Listed.. Additional Information: Determined by a Valuer at the time of the loan application.This fee is payable at the time of application and is non-refundable

• Property Evaluation Fee – Residential Security / Residential Property Valuation Fee (Variable), Amount: Not Listed.. Additional Information: Determined by a Valuer at the time of the loan application and payable at loan settlement. It will be notified to you in your Credit Contract as a combined total with any applicable Commercial Property Valuation Fee. This fee is payable for each valuation assessment of the loan security obtained by us under the loan application

• Guaranteed Rate Fee (Variable), Amount: Not Listed.. Additional Information: A Guaranteed Rate Fee secures a fixed rate for 90 days following your application. This fee is non refundable. Only applies to new 1, 2, 3, 4 and 5 year fixed rate term loans. If applicable, the higher of $600 or 0.15% of the amount borrowed (excluding other fees which are financed by the loan)

• Monthly Account Keeping Fee (Periodic), Amount: 15.00.

• Progressive Funding Fee (Variable), Amount: Not Listed.. Additional Information: Determined at Application. Variable Rate only. Applies at loan settlement or first draw (at the Bank’s discretion) for any part of the loan provided for construction purposes.

• Cashback Fee (Event), Amount: 20.00. Additional Information: Variable Rate only. No charge applies for the first Cashback transaction per calendar month. Cashback fee may be charged and rebated. A fee for each Cashback withdrawal applies. Minimum withdrawal amount is $1000.

 Limitations & Restrictions (Constraints)

• Min Limit of 20000.00 Additional Information: Minimum Loan Limit of $20,000

• Max Limit of 5000000.00 Additional Information: Maximum Loan Limit of $5,000,000

 Document Downloads

  commercial-business-lending-fees-and-charges.pdf (267.4 KB)