Can I switch to a fixed interest rate if I have a variable interest rate loan and I think interest rates are going to rise?Please speak to your Business Banker if you'd like to switch to a Business Fixed Rate Loan.
Can I change the security on my business variable loan from residential to commercial or from commercial to residential?Due to the different security risks, a change to the type of security will change the interest charges applicable to your loan. Please speak to your Business Banker for your options.
- No, a redraw facility is not a feature of our business fixed or variable loans. As an alternative you may want to consider our Business Line of Credit account, as it allows you to deposit and withdraw funds up to an approved credit limit as often as you like.
- Yes, our Business Variable Rate Loan enables you to make unlimited additional repayments.
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