Business loans

Essentials

• We've cut the Business Equity Access Loan interest rate by 0.5% p.a.

• Ideally suited for small businesses looking for short to medium term finance
• Provision of funds for business investment, expansion or refinancing business loans
• Competitive variable interest rate
• One of the lowest base rates and commercial property margins with no 'line fees'
• A competitive loan establishment fee
• Low monthly maintenance fee
• Can be secured by either residential or commercial property.

Features

• Loans available from $20,000 up to $1,000,000
• Term facility loans available from 12 months up to 7 years (longer terms may be available for line of credit option)
• Interest is based on a variable rate (currently 7.26% p.a.) which is calculated daily and charged monthly on the amount used
• Repayment options: choose between a line of credit that allows you to repay and redraw funds, or fixed monthly repayments under a term facility
• You can access excess funds via Online, Mobile and Telephone Banking or via our national branch network.

Fees

• A flat upfront establishment fee
• Monthly loan maintenance fee
• An excess transaction fee if fee free transaction threshold is exceeded (applicable to line of credit only).  

Rates

The Business Equity Access Loan has a variable rate of 7.26% p.a.¹ (as at 21 May 2012).

There are no fixed rates avaiable for Business Equity Access Loans.