Business Essentials Loan

Summary: 

The business essentials loan is a low cost variable rate term loan at the core of your business finance.

The Business Essentials loan may help businesses wanting to:

  • Expand
  • Buy a property to operate from
  • Purchase plant and machinery

.

 

CTA: 
Business Loans
Call us on
13 11 75
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Features

Competitive Interest Rate
  • A low priced variable interest rate
Account Keeping Fee
  • Pay $0 in monthly account keeping fees
Repayments
  • Your choice of Principal and Interest or Interest Only. Repayments are available on a monthly basis and additional repayments can be made at any time without penalty.
Terms
  • No minimum loan term. A maximum of 25 years for Residential Security applies. A maximum of 15 years for Commercial Security and 20 years for a mix of residential & commercial.
Security
  • The Business Essentials Loan can be secured by Residential or Commercial Security or a combination of both.
Statements
  • 6 monthly (Available more frequently but a fee may apply.)
Loan Amount
  • Minimum $10,000
  • Up to Maximum of $1,000,000 (total customer lending needs)

Fees

Establishment fees
  • Fee varies with each application
  • Property Evaluation fees may also apply
Other
  • Other fees and charges may apply. Please refer to the Lending Fees and Charges brochure for details.
  • You can also contact your Business Banking Manager on 13 11 75 for more information.