Interest-only Long Term loan for Agribusiness customers
The Agribusiness Long Term Loan is a cost efficient, flexible product that allows you to nominate a fixed or variable rate and the interest charging period. This product is available for a range of Agri lending purposes.
The loan can:
- Be split between variable and fixed
- Have a redraw facility attached (not available during fixed rate periods)
- Fix your interest rate for 30, 90 or 180 days and reset your rate at the end of each interest rate period.
| Feature |
Description |
| Loan amount |
Minimum: $500,000 |
| Interest Rate |
Your Suncorp term loan rates are calculated using a competitive base rate plus a customer margin.
- Fixed;
- Variable or;
- A combination of both
|
| Repayment options |
Interest only payments in advance
Interest only payments in arrears
Structured repayments to suit cashflow and seasonal fluctuations |
| Interest charging options |
Interest charging every;
- month
- quarter or
- half-yearly
|
| Term |
Minimum: 1 year
Maximum: 15 years |
| Security |
Many forms of security may be accepted including residential, commercial or rural property, business assets, or a combination of these. |
| Redraw facility |
If you have a variable interest rate, you can use a redraw facility and make one free redraw per month. |
| Progressive drawdown |
The progressive drawdown allows finance to be paid in multiple stages, up to your approved limit. |
Fees
| Item |
Description |
| Establishment Fee |
Fee varies, depending on the loan amount. Minimum of $950. |
| Account Maintenance Fee |
$300 per half year. |
| Other |
Other fees and charges apply. Please contact your Agribusiness Manager on 1300 65 11 25 for more information. |
