Business Line of Credit

Features
Rates & Fees
FAQs

By combining your loan, overdraft and savings into a single account you could use your working capital to reduce the amount of interest you pay and pay off your business loan sooner.

A Business Line of Credit gives you the flexibility and control to help you make every dollar count.

Competitive variable interest rate
Flexibility to withdraw funds as you need – so long as you stay within your agreed credit limit
No minimum monthly repayments – provided any interest, fees and charges are paid each month
Combines your mortgage and transaction account into one, flexible account
Interest Only option: free up extra cash by paying only the interest portion of the loan for up to 10 years
Split-loan option: get the benefits of a part fixed and part variable interest rate loan
Portable loan facility: security can be transferred directly from one property to another – subject to approval

You can enquire about a Business Line of Credit online, over the phone by calling 13 11 82 or by visiting your nearest branch.

Application fee:
- $600 for loans up to $80,000
- 0.75% per loan, for loans greater than $80,000
Monthly fee - $10 per month
Minimum loan size is $10,000
Minimum deposit is 20% (80% Loan to Value Ratio or lower)
3^rd party charges apply (e.g. stamp duty)

Business Variable and Fixed

Product Name	Term	Secured by Residential Property up to $1,000,000^	Secured by Commercial Property up to $1,000,000^
Variable Rate	> 1 year	3.51% p.a.	5.01% p.a.
Fixed Rate	1 year	2.54% p.a.	3.54% p.a.
	Fixed Rate	2 year	2.44% p.a.	3.44% p.a.
	Fixed Rate	3 year	2.29% p.a.	3.29% p.a.
	Fixed Rate	4 year	2.49% p.a.	3.49% p.a.
	Fixed Rate	5 year	3.04% p.a.	4.04% p.a.
Line of Credit	> 1 year	4.60% p.a.	6.10% p.a.

Most popular questions...

Is a Line of Credit loan right for me?
A Business Line of Credit loan is ideal for business borrowers who are good at budgeting and want a loan account which combines their business transaction account and credit limit all in one.

If you're still not sure about which option is right for you, we're happy to help you make the right decision. Call us on 13 11 82 or visit your nearest branch for more details.
What repayments do I need to make on my Business Line of Credit loan?
Business Line of Credit accounts are Interest Only for a period of up to 10 years. This means your required payment is equal to the interest charged to the account for the month. The interest amount due each month can be deducted from the available funds in your Business Line of Credit account, providing you are within your approved limit.
What is a Business Line of Credit?
A Business Line of Credit account allows you to deposit and withdraw funds up to an approved credit limit as often as you like. You can even have all of your business credits and debits linked to this account.

By regularly depositing into the account (via payroll or savings) you could reduce the amount of interest paid, therefore reducing the term of your loan, allowing you to pay it off sooner.

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Product Summary

What do I get?

Interest Rate

Available Loan Size

Expand your business with a revolving line of credit and control your everyday finances, with an all-in-one account

What do I get?

A flexible line of credit, for everyday business use, or just when you need it.

Interest Rate

From 4.6% p.a.

Available Loan Size

$10,000+

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Business Variable Rate Loan

Grow your business at your pace with a variable rate business loan with no monthly or annual fees and the flexibility to make extra repayments

What do I get?

Flexible variable loan to purchase or refinance a business, or a business asset or for any other worthwhile business purpose.

Interest Rate

From 3.51% p.a.

Available Loan Size

$50,000+

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Business Fixed Rate Loan

Finance your business with the peace of mind of a set fixed interest rate, no monthly fees and certainty of set repayments for a fixed period

What do I get?

Set repayment certainty with a fixed rate for 1 to 5 years, to purchase or refinance a business, or a business asset, or for any other worthwhile business purpose.

Interest Rate

From 2.54% p.a.
(1 year term)

Available Loan Size

$50,000+

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Details

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Business Variable Construction Loan

Build for business purposes with the flexibility you need to manage your finances during construction with a variable interest rate and no monthly fees

What do I get?

A flexible variable loan for construction of a business asset.

Interest Rate

From 3.51% p.a.

Available Loan Size

$50,000+