Progress drawdowns
Suitable if you're using the loan for construction.
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Business FeeSaver Loan
A variable rate loan that offers flexible features to support your business, with the added bonus of no bank establishment or ongoing loan maintenance fees.
Benefits
Fund business growth
Minimum loan amount $10,000. 1 Maximum loan amount subject to approval.
Repayments to suit your cash flow
Choose your repayment date and frequency, including when you want interest to be charged.
Make extra repayments without penalty
Pay more than your minimum repayments at any time to help reduce your loan term.
Online redraw facility
Access your extra repayments 24/7 through online banking.
Interest only option
Choose to pay interest only for one to five years before starting principal and interest repayments. 2 Subject to approval and conditions.
Switch from variable to fixed
Option to roll to a Business Fixed Rate Loan and keep your account number. 3 Subject to approval. Switching fees may apply on rollover.
Check out these additional perks
Capitalise your interest
Subject to approval and conditions.
Rates and fees
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| Rates | |
|---|---|
| Name | Variable rate |
|
Indicative variable rate
4
|
4.17% p.a. |
|
Business FeeSaver rate (reference rate) |
4.42% p.a. |
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Rates are intended for new borrowing only and available on new facilities up to $1,000,000. Minimum loan amount $10,000. A margin may apply to the above rates based on our full credit assessment of your loan application.
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| Fees | |
|---|---|
| Name | Fee |
|
Limit establishment fee |
$0 |
|
Loan maintenance fee |
$0 |
|
Online surplus withdrawal fee |
$0 |
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Details of other fees that may be incurred will be provided on approval of the facility.
For more information about this product, see the Business FeeSaver Loan customer fact sheet (PDF).
Enquire today
Check your eligibility
- Minimum loan amount $10,000 1 Maximum loan amount subject to approval.
- Use residential or commercial property as security
- Not available for self managed super funds
- You must meet Bankwest's lending criteria.
After submitting the form, a member of our Business Sales Team will be in touch to discuss what works best for you and complete your application.
Get an idea of your repayments
How can we help?
Speak with someone from the team today
Business Banking Specialists
Here’s how to get in touch
- Maximum loan amount subject to approval.
- Subject to approval and conditions.
- Subject to approval. Switching fees may apply on rollover.
- Excludes self managed super funds, property development and property investment. The indicative variable rate is based on a fully secured loan option. A margin may apply based on our full credit assessment of your loan application. Rates are intended for new borrowing only and subject to change. Subject to fully completed application, including verification documentation, being provided.