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Business Finance > Interest In Advance Term Loan |
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Interest In Advance Term Loan
We offer tailored lending facilities to meet your business needs. Your choice of an Interest in Advance term loan for both Business Solutions and Commercial Solutions lending products is available.
| Account Details |
| Loan Type |
Interest only |
| Statement |
Half yearly |
| Interest |
Fixed |
| Calculated |
On the balance |
| Charged |
Annually in Advance |
| Term |
Up to five years
Prepaid interst period - 12 months |
| Payments |
Annually in Advance |
| Redraw Facility |
No |
| Fixed Rate Lock |
Yes |
| Fees |
- Application Fee:
New and/or Increased Facilities |
Application Fee |
Up to $50,000 |
$350 |
$50,001 to $249,999.99 |
$750 |
$250,000 plus |
0.50% |
- Annual administration fee is applicable
- Document Preparation Fees.
- Valuation Fees (if applicable).
- Statutory fees and charges.
- Annual Review Fee - $50 or 0.25% of the total business lending facility
limits, whichever is the greater, to a maximum of $800.
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