Compare loan features

 

Use this guide to our business loan features to help you decide which best suits your requirements

 


Account features 

Business Overdraft 

Business Line of Credit 

Business Term Loan 

 

Commercial Rate Loan 

Commercial Rate Facility
(not available for new loans) 

Business First Lending Package 

Business Privileges Package 

(not available for new loans)

Interest charged

Monthly in arrears

Monthly in arrears

Monthly in arrears

Variable charge periods

Monthly in arrears

View the benefits of this business package. 

View the benefits of this business package. 

Interest rate

Variable only

Variable only

Fixed or variable

Fixed only (interest rates are set daily for each loan type and each interest period)

Fixed only

Interest only option

n/a

n/a

Yes

Yes

Yes

Minimum loan amount

$10,000

$50,000

$10,000

$500,000

$100,000

Maximum Loan to Value residential security

80% of property value (less existing debt)

80% of property value (less existing debt)
 

80% of property value (less existing debt)

80% of property value (less existing debt)

80% of property value (less existing debt)

Maximum Loan to Value other security

70% of commercial property value

70% of commercial property value
 

70% of commercial property value

70% of commercial property value

60% of industrial property value

70% of commercial property value

60% of industrial property value

Minimum loan term

No minimum

1 year

Fixed for fixed rate term

Fixed for fixed rate term

Variable - 1 year

Fixed for fixed rate term

Maximum loan term

n/a

15 years

(other security)

25 years (residential security)
 

15 years

(other security)

25 years (residential security)

5 years

5 years

 

 

 

 

Repayment and access types 

Business Overdraft 

Business Line of Credit 

Business Term Loan 

Commercial Rate Loan 

Commercial Rate Facility
(not available for new loans) 

Business First Lending Package  

Business Privileges Package 

(not available for new loans)

Repayment type

Interest only paid in arrears

Interest only paid in arrears
 

Principal & interest or interest only paid in arrears

Interest only paid in arrears or interest in advance

Principal & interest or interest only paid in arrears

View the benefits of this business package. 

 

View the benefits of this business package. 

 

Repayment frequency

n/a

n/a

Weekly, fortnightly, monthly

Variable repayment terms

Variable repayment terms

Additional repayments

n/a

n/a

Yes

Yes

Yes

Redraw (subject to approval)

n/a

n/a

Yes - variable interest rate loans only

Yes

Yes

ATM access

Yes# 

Yes# 

No

No

No

Internet Banking access

Yes

Yes

Yes

Yes

Yes

#Access available to business or company accounts with an individual signing authority.