BetterBusiness Loan 

If you’re seeking to fund business growth, expansion or finance any worthwhile business purpose, a BetterBusiness Loan could provide you with the flexibility and benefits you need.

This loan facility offers the flexibility of fixed, variable or capped interest rates, with a choice of repayment options to suit your cash flow requirements.

Features
A BetterBusiness Loan is available for business loans over $50,000 where the loan term is not less than one year. You have the choice of the following interest rate options:

Fixed Rate (minimum loan amount $50,000) – can be fixed for between one and seven years (up to ten years for agribusiness customers), protecting you from upward movements and providing the assurance of fixed payments.

Fixed Rate Residentially Secured- linked to Fixed Rate Home Loan Interest Rate – (minimum loan amount $100,000) – can be fixed for between one to five years, is a Fixed Rate loan with a lower interest rate than the standard Fixed Rate Loan. The interest rate moves in line with the Home Loan interest rate.

Variable Rate – allows you to benefit from downward interest rate movements and flexibility to redraw funds paid in addition to the minimum loan repayments.

Variable Rate Residentially Secured – the applicable rate is the Residential Equity Rate. This allows you to benefit from download interest rate movements and gives you the flexibility to redraw funds paid in addition to the minimum loan repayments.

Capped Rate (minimum loan amount $100,000) - limit your exposure to increased interest costs that would result from rising interest rates, without limiting your ability to benefit from falling interest rates.

Flexible loan structuring
Your loan can be split between fixed and variable interest rates.

At the end of any fixed interest rate period, you have the ability to switch from a fixed rate to a variable rate at no cost.

For a variable rate loan, you can switch to a fixed rate at any time at no cost.

Interest-only or principal and interest repayments are available.

Flexible terms
Terms are available ranging from one up to 30 years (depending on security provided) to meet your funding needs .

How can your business benefit?
A BetterBusiness Loan allows you to:

• better manage your cash flow with flexible repayment options
• manage your interest rate risk by providing flexibility around fixed and variable rates
• benefit from a fee-free re-draw facility

Important information about advice
As this advice has been prepared without considering your objectives, financial situation or needs, you should, before acting on the advice, consider its appropriateness to your circumstances. View our Financial Services Guide (PDF 59kb).

Other important information
Applications for finance are subject to the Bank's normal credit approval. Full terms and conditions are included in the Loan offer. Bank fees and Government charges may apply.