BSB 805 050

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BSB 805 050

Business Line of Credit

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

Available Loan Size

$10,000+

Interest Only Option

10 years

Extra Repayments

Yes

Redraw Facility

Draw up to credit limit

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
  • Loan terms from 1 to 25 years
  • 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)
  • 3rd party charges apply (e.g. stamp duty)

Business Variable, Fixed & Line of Credit

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 5.20% p.a. 6.70% p.a.
Fixed Rate 1 year 4.19% p.a. 5.69% p.a.
Fixed Rate 2 year 3.99% p.a. 5.49% p.a.
Fixed Rate 3 year 4.09% p.a. 5.59% p.a.
Fixed Rate 4 year 4.54% p.a. 6.04% p.a.
Fixed Rate 5 year 4.64% p.a. 6.14% p.a.
Line of Credit > 1 year 6.10% p.a. 7.60% p.a.

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Product Summary

What do I get?

Interest Rate

Available Loan Size

Interest Only Option

Loan to Value Ratio (LVR)

Extra Repayments

Redraw Facility

Loan Term

Repayment Frequency

Loan Splits available

Application Fee

Ongoing Fees

 

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 6.1% p.a.

Available Loan Size

$10,000+

Interest Only Option

10 years

Loan to Value Ratio (LVR)

Up to 80%

Extra Repayments

Redraw Facility

Draw up to credit limit

Loan Term

Up to 25 years

Repayment Frequency

Monthly

Loan Splits available

Application Fee

$600 for loans up to $80,000 or 0.75% for loans of $80,000 or greater
Charged per loan

Ongoing Fees

$10 per month

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 4.19% p.a.
(1 year term)

Available Loan Size

$50,000+

Interest Only Option

Up to 5 years

Loan to Value Ratio (LVR)

Up to 80%

Extra Repayments

Up to $10,000 per year

Redraw Facility

Loan Term

Up to 25 years

Repayment Frequency

Weekly, Fortnightly or Monthly / Monthly for Interest Only

Loan Splits available

Application Fee

$600 for loans up to $80,000 or 0.75% for loans of $80,000 or greater
Charged per loan

Ongoing Fees

$0

Remove

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 5.2% p.a.

Available Loan Size

$50,000+

Interest Only Option

Up to 5 years

Loan to Value Ratio (LVR)

Up to 80%

Extra Repayments

Redraw Facility

Loan Term

Up to 25 years

Repayment Frequency

Weekly, Fortnightly or Monthly / Monthly for Interest Only

Loan Splits available

Application Fee

$600 for loans up to $80,000 or 0.75% for loans of $80,000 or greater
Charged per loan

Ongoing Fees

$0

Remove

Get your business on the road or upgrade your current vehicle with our fixed rate Business Vehicle Loan with no break cost to repay early

What do I get?

Low rate flexible loan, for business vehicles up to 3 tonne.

Interest Rate

From 5.64% p.a.3

Available Loan Size

$20,000+

Interest Only Option

Loan to Value Ratio (LVR)

Up to 120% all inclusive

Extra Repayments

Redraw Facility

Loan Term

Up to 5 years

Repayment Frequency

Weekly, Fortnightly or Monthly

Loan Splits available

Application Fee

$250 Sole Traders / Partnerships
$350 Companies

Ongoing Fees

$0

Remove

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 5.2% p.a.

Available Loan Size

$50,000+

Interest Only Option

Up to 5 years

Loan to Value Ratio (LVR)

Up to 80%

Extra Repayments

Redraw Facility

Loan Term

Up to 25 years

Repayment Frequency

Weekly, Fortnightly or Monthly / Monthly for Interest Only

Loan Splits available

Application Fee

$600 for loans up to $80,000 or 0.75% for loans of $80,000 or greater
Charged per loan

Ongoing Fees

$0

Remove

hi…

Thank you for your enquiry. Unfortunately we don’t have a Business Banker based in this area, so please call us on 13 11 82 to see how we can still help you.

Business Loans applicable for; Sole Trader, Partnership & Company.
^All loans greater than $1,000,000 will be priced upon application.

Terms, conditions, fees, charges and lending criteria apply and are available on application.

The information above is general advice only and does not take into consideration your personal objectives, financial situation or needs (“your personal circumstances”). Please consider the relevant Disclosure Documents and your personal circumstances before making any decision to purchase the products. Contact us on 13 11 82 with any questions, or visit your nearest branch to talk to a consultant.

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