Business Fixed Rate Loan - Interest Only
Finance your business with the peace of mind of a set fixed interest rate, no monthly fees and certainty of set repayments for a fixed period
Category: Business Loans Last Updated March 6, 2024 Effective May 3, 2024
General Lending Rates
Rates listed below are for a FIXED Owner Occupied Interest Only product. Additional Information Secured by Residental Property up to $1,000,000
Interest Rate
5.99% PA
5.99% PA
Comparison Rate
0.00%PA*
0.00%PA*
Product rates will vary depending upon your financial position< LVR, and other criteria. The product may also vary depending upon the rate type, repayment type, or loan purpose. We encourage you to contact us for a full understanding of the product and terms.
Product Variations
Product rates and conditions will usually vary based on the LVR and other conditions..
Business Fixed Rate - Residential Secured
Minimum: 1 PERCENT Maximum: 80 PERCENT
- Lending Rate Type: Fixed
- Interest Rate: 6.29%, Comparison Rate 0.00%
- Repayment Type: Interest Only
- Loan Purpose: Owner Occupied
Business Fixed Rate - Residential Secured
Minimum: 1 PERCENT Maximum: 80 PERCENT
- Lending Rate Type: Fixed
- Interest Rate: 5.99%, Comparison Rate 0.00%
- Repayment Type: Interest Only
- Loan Purpose: Owner Occupied
Business Fixed Rate - Residential Secured
Minimum: 1 PERCENT Maximum: 80 PERCENT
- Lending Rate Type: Fixed
- Interest Rate: 5.99%, Comparison Rate 0.00%
- Repayment Type: Interest Only
- Loan Purpose: Owner Occupied
Business Fixed Rate - Residential Secured
Minimum: 1 PERCENT Maximum: 80 PERCENT
- Lending Rate Type: Fixed
- Interest Rate: 5.99%, Comparison Rate 0.00%
- Repayment Type: Interest Only
- Loan Purpose: Owner Occupied
Business Fixed Rate - Commercial Secured
Minimum: 1 PERCENT Maximum: 80 PERCENT
- Lending Rate Type: Fixed
- Interest Rate: 7.44%, Comparison Rate 0.00%
- Repayment Type: Interest Only
- Loan Purpose: Owner Occupied
Business Fixed Rate - Commercial Secured
Minimum: 1 PERCENT Maximum: 80 PERCENT
- Lending Rate Type: Fixed
- Interest Rate: 7.29%, Comparison Rate 0.00%
- Repayment Type: Interest Only
- Loan Purpose: Owner Occupied
Business Fixed Rate - Commercial Secured
Minimum: 1 PERCENT Maximum: 80 PERCENT
- Lending Rate Type: Fixed
- Interest Rate: 6.99%, Comparison Rate 0.00%
- Repayment Type: Interest Only
- Loan Purpose: Owner Occupied
Business Fixed Rate - Commercial Secured
Minimum: 1 PERCENT Maximum: 80 PERCENT
- Lending Rate Type: Fixed
- Interest Rate: 6.99%, Comparison Rate 0.00%
- Repayment Type: Interest Only
- Loan Purpose: Owner Occupied
Business Fixed Rate - Commercial Secured
Minimum: 1 PERCENT Maximum: 80 PERCENT
- Lending Rate Type: Fixed
- Interest Rate: 6.99%, Comparison Rate 0.00%
- Repayment Type: Interest Only
- Loan Purpose: Owner Occupied
Product Features
- Digital Banking
- Extra Repayments Additional Information: Make extra repayments up to $10,000 per year
Product Eligibility
- Business - Business And Non-personal Entities.
- Other Additional Information: Terms, conditions, fees, charges and lending criteria apply and are available on application
Bank Fees and Charges
- Security Handling Fee (Event), Amount: 150.00. Additional Information: Charged per occurrence. Payable in the following circumstances; deed of priority, title production, variation of priority, consent or name change.
- Portability Fee (Event), Amount: 300.00. Additional Information: Charged per occasion when you wish to change the security(ies) against an existing loan(s) and there is no change to the existing loan(s) amount, loan interest rate or type, term of the loan(s), product type, borrowers or mortgagors. Discharge fees may also apply.
- Discharge Of Mortgage (Event), Amount: 350.00. Additional Information: For the preparation of a discharge of mortgage.
- Documentation Fee (Event), Amount: 200.00. Additional Information: Payable in the following circumstances: preparation of an additional mortgage; preparation of a guarantee; or where documents have been cancelled or redone, at your request, after contracts have been issued.
- Valuation Fee (Event), Amount: 0.00. Additional Information: Valuation Fee at cost and payable by member.
- Break Cost Fee (Event), Amount: 0.00. Additional Information: Break Cost Fees apply to Fixed Rate Loans only. A Break Cost Fee will be payable by you where a ‘Break Event’ occurs. Refer to the Lending Terms & Conditions document for the definition of a ‘Break Event’ and for details of how a Break Cost fee is calculated.
- Business Loan Application Fee (Upfront), Amount: 600.00. Additional Information: Application Fee of $600 for loans up to $80,000 or 0.75% of loan for loans greater than $80,000
- Business Loan Application Fee (Upfront), Amount: Not Listed.. Additional Information: Application Fee of $600 for loans up to $80,000 or 0.75% of loan for loans greater than $80,000
- Annual Review Fee (Periodic), Amount: 100.00. Additional Information: $100 or 0.25% of outstanding loan amount/credit limit at the time of review, whichever is greater. Applicable to business loans/business lines of credit settledbefore 1 July 2012, and payable at time of review
Limitations & Restrictions (Constraints)
- Min Limit of 20000.00 Additional Information: Minimum loan size is $20,000.00
Document Downloads
brc-8-6-2-fees-and-charges.pdf (130.1 KB)
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