Business Banking Factsheet

General Details
Institution
Product NameLine of Credit
Institution Phone1300 882 867
Loan Details
Loan TypeLOC
Security TypeUnsecured
Repayment Type Principal & Interest
Minimum Margin0.00
Maximum Margin0.00
Interest CalculatedDaily
Min. Loan Amount-
Max. Loan Amount-
Min. Loan Term0
Max. Loan Term1.00
Loan-to-Value Ratio-%
Max. Loan-to-Value Ratio0.00%
Loan-to-Value Ratio NegotiableNo
Interest Rates
Variable Rate0.00
Base Rate0.00
Default Rate0.00
Fixed Rate: 1 Year14.95
Fixed Rate: 2 Year0.00
Fixed Rate: 3 Year0.00
Fixed Rate: 4 Year0.00
Fixed Rate: 5 Year0.00
Fixed Rate: 6 Year0.00
Fixed Rate: 7 Year0.00
Access and Fees
BusinessCard Access
Business Card Fee$0.00
Credit Card Access
Credit Card Fee$0.00
ATM Access
ATM Fee$0.00
Internet Access
Internet Fee-
Cheque Access
Cheque Fee$0.00
Drawdown Fee $0.00
Early Termination Fee or Penalty -
EFTPOS Access
EFTPOS Fee$0.00
Redraw Access
Redraw Fee$0.00
Establishment Fee$195.00
Exit Fee$0.00
Legal Fee-
Over Limit Fee$0.00
Other Fee$0.00
Line Fee-
Overdraft Fee$0.00
Service Fee$0.00
Switching Fee-
Temp Overdraft Fee$0.00
Unused Limit Fee$0.00
Valuation Fee-
Comments*Lowest rate is 14.95% Annual Percentage Rate (APR). Prospa uses a risk-based pricing model to determine applicable rates using factors such as industry, years in business, cash flow and creditworthiness. Rates for Line of Credit range from 14.95% to 29.95% APR. The lowest rate is only available to applicants with the strongest cash flows, business experience and credit ratings. Approval is subject to credit assessment. Fees, terms and conditions apply. These rates apply to Prospa’s Line of Credit product only. See prospa.com for more details.

Business Banking Factsheet

Institution
Product NameLine of Credit
Institution Phone1300 882 867
Loan TypeLOC
Security TypeUnsecured
Repayment TypePrincipal & Interest
Minimum Margin0.00
Maximum Margin0.00
Interest CalculatedDaily
Min. Loan Amount-
Max. Loan Amount-
Min. Loan Term0
Max. Loan Term1.00
Loan-to-Value Ratio-%
Max. Loan-to-Value Ratio0.00%
Loan-to-Value Ratio NegotiableNo
Variable0.00
Base Rate0.00
Default Rate0.00
1 Year Fixed14.95
2 Year Fixed0.00
3 Year Fixed0.00
4 Year Fixed0.00
5 Year Fixed0.00
6 Year Fixed0.00
7 Year Fixed0.00
BusinessCard Access
Business Card Fee$0.00
Credit Card Access
Credit Card Fee$0.00
ATM Access
ATM Fee$0.00
Internet Access
Internet Fee -
Cheque Access
Cheque Fee$0.00
Drawdown Fee $0.00
Early Termination Fee or Penalty -
EFTPOS Access
EFTPOS Fee $0.00
Redraw Access
Redraw Fee $0.00
Establishment Fee $195.00
Exit Fee $0.00
Legal Fee-
Over Limit Fee $0.00
Other Fee $0.00
Line Fee -
Overdraft Fee $0.00
Service Fee $0.00
Switching Fee -
Temp Overdraft Fee $0.00
Unused Limit Fee $0.00
Valuation Fee -
Comments *Lowest rate is 14.95% Annual Percentage Rate (APR). Prospa uses a risk-based pricing model to determine applicable rates using factors such as industry, years in business, cash flow and creditworthiness. Rates for Line of Credit range from 14.95% to 29.95% APR. The lowest rate is only available to applicants with the strongest cash flows, business experience and credit ratings. Approval is subject to credit assessment. Fees, terms and conditions apply. These rates apply to Prospa’s Line of Credit product only. See prospa.com for more details.