BSB 805 050

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BSB 805 050
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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 5.30% p.a. 6.80% p.a.
Fixed Rate 1 year 4.19% p.a. 5.69% p.a.
Fixed Rate 2 year 3.94% p.a. 5.44% p.a.
Fixed Rate 3 year 4.09% p.a. 5.59% p.a.
Fixed Rate 4 year 4.64% p.a. 6.14% p.a.
Fixed Rate 5 year 4.64% p.a. 6.14% p.a.
Line of Credit > 1 year 6.25% p.a. 7.75% 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

Interest Only Option

Loan to Value Ratio (LVR)

Extra Repayments

Redraw Facility

Loan Term

Repayment Frequency

Loan Splits available

Application Fee

Ongoing Fees

 

Business Line of Credit

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 6.25% 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

Find Business Banker

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 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

Find Business Banker

Details

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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 5.3% 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

Find Business Banker

Details

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Business Vehicle Loan

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

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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 5.3% 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

Find Business Banker

Details

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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.

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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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