Business Line of Credit

Summary: 

The Business Line of Credit can be a vital tool for many businesses. It is a "come and go" revolving credit facility commonly used for short-term working capital and seasonal business requirements. It allows the principal to be repaid and redrawn at any time up to your approved credit limit.

  • Attractive interest rates paid on credit balances
  • Competitive set up and on going costs
  • 10 fee free transactions per month*
CTA: 
Business Overdraft
Call us on
13 11 75
Find a branch
  Enquire Online

Features

Amount
  • Minimum: $10,000
Interest Rate
  • Interest rates are calculated using  Suncorp’s Small Business Line of Credit Reference Rate or Suncorp's 30 Day Bank Bill Rate or Suncorp's Premier Business Overdraft Rate plus a customer margin. Interest is charged to the facility monthly
  • Interest is calculated on the daily outstanding balance.
Repayments
  • No set Principal repayments.
Term
  • No minimum or maximum term. The facility is subject to annual review.
Security
  • Many forms of security may be accepted including residential, commercial or rural property, business assets or a combination of these.
Access
  • Access your fund within your approved limit at any time, using Internet Banking, Card or Cheque.

Fees

Establishment Fees
  • Fee varies with each application
Quarterly Maintenance Fee
  • Fee varies depending on approved limit
Other Fees Other fees and charges apply. Please click on the relevant link below for lending fees and charges  applicable to your circumstance:

 

 

You can also contact your Business Banking Manager on 13 11 75 for more information.