FAQ

Most popular questions...

• Can I switch to a fixed interest rate if I have a variable interest rate loan and I think interest rates are going to rise?

  Please speak to your Business Relationship Manager if you'd like to switch to a Business Fixed Rate Loan.  We usually agree to such requests.

• Can I change the security on my Business Variable Loan from Residential to Commercial or, from Commercial to Residential?

  Due to the different security risks, a change to the type of security will change the interest charges applicable to your loan.  Please speak to your Business Relationship Manager regarding your options.

• Can I redraw excess funds from my Business Variable loan?

  No, a redraw facility is not a feature of our Business Fixed or Variable Loans.  As an alternative you may want to consider our Business Line of Credit account, as it allows you to deposit and withdraw funds up to an approved credit limit as often as you like.

• Can I pay extra off my Business Loan?

  Yes, our Variable Business Home Loan enables you to make unlimited additional repayments.