A variable rate business loan can help you grow your business whilst optimising repayments.
| Features | |
| Interest rate | Interest rates differ based on the type of security you provide for your loan, your loan amount and other factors |
| Minimum amount | No minimum |
| Maximum loan amount | Negotiated |
| Maximum LVR | 70% against commercial property; 80% against residential real estate |
| Maximum loan term | Dependant on loan type and security offered |
| Interest calculation | Calculated daily, charged monthly |
| Repayment type | Principal & Interest; Interest Only |
| Repayment frequency | Principal & Interest: weekly, fortnightly or monthly; Interest Only: monthly |
| Establishment fee | Based on the loan amount approved at the time of application |
| Monthly loan fee | $0 |
| Early termination fee | Minimum 1.00% of total loan amount applied for or as approved at the time of application |
| Extra repayments | Yes |
| Interest offset | No |
| Redraw | No |
| Loan preparation fee | At cost |
| Increase/top up | Yes |
| Business type | Businesses of any type, including sole traders, partnerships, trusts and registered companies. Groups or individuals using the lending facility for business purposes are also eligible |
| Security | Secure your loan with residential, or commercial property; or cash collateral |
| Second mortgage security | No |
| Vacant land as sole security | No |
For more related frequently asked questions, visit our FAQs page.
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Eligibility criteria, terms and conditions, fees and charges apply.
