A term loan at the core of your small business finance
A flexible loan facility, designed to be the engine driving your business - for expansion, plant and machinery, to buy your business premises or any worthwhile business need
- The term loan is separate from your day-to-day cheque account
- Regular repayments allow you to manage your cashflow
| Feature |
Description |
| Competitive interest rate |
Choose between fixed or variable rates of interest. Margins apply for non-residential security |
| Repayments |
Variable Rate Loans
Principal and Interest or Interest Only repayments are available on a monthly basis. Extra repayments can be made at any time without penalty
Fixed Rate Loans
Principal and Interest or Interest Only repayments are available on a monthly basis. Extra repayments can be made at any time but if you repay more than the prepayment allowance (currently $500) in any month, an Early Payment Interest Adjustment may apply. (See fees section below.) |
| Terms |
Fixed term between 1 and 25 years |
| Security |
Small Business loans are usually secured by residential, commercial or rural property |
| Statements |
Monthly (Available more frequently but a fee may apply.) |
| Minimum loan amount |
$10,000 |
Fees
| Item |
Description |
| Establishment fees |
New Loans, Limit increases & combination facilities |
Determined at Application |
(term loan and overdraft)
Property Evaluation and other fees may also apply |
| Guaranteed Rate fee (standard fixed rate loans only) |
0.15% of loan amount |
| Monthly Account Keeping fee |
$20 Intro 6 month fixed loans
$15 all other loans |
Other fees and charges also apply. For a complete guide please download the Lending Fees and Charges brochure (PDF, 301KB) or obtain a copy from one of our
Suncorp Branches.
