Looking to start, buy or grow your own business? Our Business Loans could provide the funding you need.
Product Features
Business Loan |
|
Minimum Loan Amount
|
$50,000 |
Maximum Loan Amount
|
- |
Maximum LVR
|
80% |
Maximum Loan Term
|
15 years |
Minimum Loan Term
|
1 Year |
Additional Repayments
|
Yes |
Redraw
|
Yes |
Principal & Interest Repayments
|
Yes |
Interest Only Repayments
|
Yes |
Split Loan
|
Yes |
Interest Rates
Business LoanResidential Security
|
Business LoanCommercial Security
|
|
Intro Variable Rate
|
3.65%pa for 12 months | 3.85%pa for 12 months |
Variable Rate
|
4.40%pa | 4.60%pa |
1 Year Fixed Rate
|
3.80%pa | 4.30%pa |
2 Year Fixed Rate
|
3.80%pa | 4.30%pa |
3 Year Fixed Rate
|
3.80%pa | 4.30%pa |
4 Year Fixed Rate
|
4.15%pa | 4.65% |
5 Year Fixed Rate
|
4.15%pa | 4.65% |
Fees & Charges
Business Loan |
|
Establishment Fee
|
$699 or 0.25% |
Annual Fee
|
- |
Other Fees | |
Redraw (online / in branch)
|
$10 / $25 |
Legal Fee
|
$430 |
Legal Fee (trust deed review)
|
$132 |
Discharge Fee
|
$300 |
Progress Draw Fee
|
$110 |
Changes to Loan Contract
|
$150 |
Product Switch
|
$300 |
Direct Debit Dishonour Fee
|
$15 |
Break Cost Fee
|
Refer to Loan Contract |
Stamp Duty
|
Subject to Government Charge |
-
The Little Details
Products issued by BankStead Capital Bank Ltd. Any advice given is of a general nature only and is not based on any consideration of your objectives, financial situation and needs. To decide if a product is right for you, please refer to the Summary of Accounts, Access Facilities and Transaction Limits. Eligibility criteria, fees and charges, terms and conditions apply. Your actual interest rate may vary depending on the security offered.
*The greater of the two is applicable
^Intro Variable Rate for the first 12 months on residentially secured business loan, after which the Business Loan Variable Rate will apply. New business only. Minimum lending amount for introductory rate is $100,000