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Product Details

Business Banking Factsheet

General Details
Product Name Small Business - Business Essentials Loan - Residential
Institution Phone 13 11 75
Loan Details
Loan Type Fully Drawn Advance
Security Type Residential
Repayment Type Principal & Interest and Interest Only
Minimum Margin -
Maximum Margin -
Interest Calculated Daily
Min. Loan Amount $10,000
Max. Loan Amount $1,000,000
Min. Loan Term 1
Max. Loan Term 25
Loan-to-Value Ratio 80%
Max. Loan-to-Value Ratio 80%
Loan-to-Value Ratio Negotiable No
Interest Rates
Variable Rate 5.14
Base Rate 5.14
Default Rate -
Fixed Rate: 1 Year -
Fixed Rate: 2 Year -
Fixed Rate: 3 Year -
Fixed Rate: 4 Year -
Fixed Rate: 5 Year -
Fixed Rate: 6 Year -
Fixed Rate: 7 Year -
Access and Fees
BusinessCard Access
Business Card Fee
Credit Card Access
Credit Card Fee
ATM Access
Internet Access
Internet Fee
Cheque Access
Cheque Fee
Drawdown Fee
Early Termination Fee or Penalty DEF
Redraw Access
Redraw Fee
Establishment Fee 800
Exit Fee $350
Legal Fee
Over Limit Fee
Other Fee
Line Fee
Overdraft Fee
Over Limit Fee
Service Fee
Switching Fee $300
Temp Overdraft Fee
Unused Limit Fee
Valuation Fee
Comments To be eligible for this rate, security for the loan must include minimum 50% security over a residential property. Redraw only available on variable rate loans (one free per calendar month then $20 per redraw). Valuation fee dependent on property type and location.
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