A fixed rate business loan provides certainty and fixed repayments to help with budgeting.
Business Lending Features |
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Interest Rate : | Interest rates differ based on the type of security you provide for your loan, your loan amount and other factors. |
Minimum loan amount : | No minimum |
Maximum loan amount : | $2,500,000 |
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 : | Dependant on loan amount |
Monthly loan fee : | $0 |
Early termination fee : | Break costs applicable |
Extra repayments : | Yes |
Interest offset : | No |
Redraw : | No |
Loan preparation fee : | At cost |
Increase/top up : | Not during fixed period |
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 |
Eligibility criteria, terms & conditions, fees & charges apply.