Business term loans

Our term loans can give you a flexible, medium-to-long term financing option to help you grow your business. 

Floating rate loans

A flexible finance option

Our floating rate loan is all about giving you the flexibility to pay it off quicker. You can change your repayment amount at any time, pay off lump sums whenever you want or pay the whole loan back early.  

Repayment options

We have three repayment options to choose from. Pick the one that best suits your business:

  • table loan - you can spread your repayments evenly over the term of the loan
  • reducing loan - gradually reduce your repayments over the loan term
  • interest only - repay only the interest portion of the loan

Other information

  • the minimum floating rate business term loan amount is $3000.
  • the maximum loan amount will depend on your security and ability to service the debt
  • interest is calculated on the daily outstanding balance and charged either fortnightly or monthly
  • repayments are automatically deducted from your nominated transaction account
  • an establishment fee up to 1% of the facility limit or loan amount applies - with a minimum charge from $400
  • a number of security options are available including residential property, commercial property or business assets 
Fixed rate loans

Have certainty of repayments

Our fixed rate loan is ideal if you need a degree of certainty when planning your finances. The interest rate and your repayments stay the same for the fixed rate term - even if market interest rates rise.

What's more, you can even fix the interest rate up to 12 months before you need the finance. That's good news if you want to plan your financing needs ahead.

Repayment options

We have three repayments to choose from. Pick the one that best suits your business:

  • table loan - you can spread your repayments evenly over the term of the loan
  • reducing loan - gradually reduce your repayments over the loan term
  • interest only - repay only the interest portion of the loan until the interest-only period ends

Other information

  • the minimum fixed rate business term loan amount is $10,000.
  • the maximum loan amount will depend on your security and ability to service the debt
  • interest is calculated on the daily outstanding balance and charged monthly
  • repayments are automatically deducted from your nominated transaction account
  • early termination or lump sum payments are available (subject to break costs), with minimum prepayment amounts of $10,000*
  • an establishment fee up to 1% of the facility limit applies - with a minimum charge from $400
  • a number of security options are available including residential property, commercial property or business assets

*For more information download the Fixed Rate Term Loan Prepayment (Break) costs PDF.