A revolving line of credit for businesses
The Business Line of Credit can be a vital tool for many businesses. It is a "come and go" revolving credit facility commonly used for short-term working capital and seasonal business requirements. It allows the principal to be repaid and redrawn at any time up to your approved credit limit.
You get:
- Attractive interest rates paid on credit balances
- Competitive set up and on going costs
- 10 fee free transactions per month (excluding external credit transfers via Internet banking and non Suncorp ATM fees, Bpay and Internet business transactions)
| Feature |
Description |
| Amount |
Minimum: $50,000 |
| Interest rate |
Interest rates are calculated using Suncorp's 30 Day Bank Bill rate plus a customer margin. Interest is charged to the facility monthly
Interest is calculated on the daily outstanding balance. |
| Repayments |
No set Principal repayments. |
| Term |
No minimum or maximum term. The facility is subject to annual review. |
| Security |
Many forms of security may be accepted including residential, commercial or rural property, business assets or a combination of these. |
| Access |
Access your fund within your approved limit at any time, using Internet Banking, card or cheque. |
Fees
| Item |
Description |
| Establishment Fees |
$750 (minimum). The fee varies, depending on the approved amount. Please contact your business banking manager for more information. |
| Quarterly maintenance fee |
0.75%p.a. of Overdraft Limit (minimum charge $150 per quarter). |
| Transaction Fees |
First 10 transactions per month are free (excluding external Internet transactions, Business Internet transactions, non Suncorp ATMs and Bpay)
$0.50 cents per transaction after your free transaction limit
Free Transfers between Suncorp accounts
Fee payable for Non Suncorp ATM enquiries |
| Other fees |
Other fees and charges apply. Please contact your Business Banking Manager or call 1300 65 11 25 for more information. |
