Business FeeSaver Loan

Flexible lending with no bank establishment fee or ongoing loan maintenance fees

A variable rate business loan with flexible features to help support your business.

 

Save on fees

No bank establishment or ongoing loan maintenance fees

 
 

Flexible repayment options

Manage your cash flow with varied repayment options

 
 

Online redraw

Access to your surplus funds through online banking

 
 

Switch from variable to fixed

Maintain your account number when switching to a Business Fixed Rate Loan *

 

Supporting your business

  • No bank establishment fee or ongoing loan maintenance fees
  • Manage your cash flow with varied repayment options (monthly, quarterly, half yearly and annually)
  • Ability to select your preferred interest raising date to suit your cashflow needs
  • Decrease your loan term using lump sum repayment without penalty
  • Free online redraw to access surplus funds
  • Minimum loan amount $10,000, maximum loan amount is subject to approval
  • Choice of interest only repayments (maximum 5 years) or principal and interest repayment options (subject to approval and conditions)

Additional extras

  • Progress drawdowns to suit construction requirements
  • Interest may be capitalised (subject to approval and conditions)
  • Ability to add to a Multi Option Facility (an agreed umbrella limit across multiple products with no need to renegotiate each time you require to adjust individual product limits)

Rates

Description Rate
Indicative rate
5.80 % p.a. indicative variable rate^
Business FeeSaver Rate
6.05 % p.a. variable rate#

Fees

Description Fee
Limit establishment fee $0
Loan maintenance fee $0
Online surplus redraw fee $0

Details of other fees which may be incurred will be provided on approval of the facility.

* Subject to approval, switching fees may apply on rollover.

^ Rate applies to new borrowing only. A margin may apply based on full credit assessment and security cover ratio.

# This is the base Reference Rate used to determine the interest rate charged on each applicable facility.

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