Related FAQs

  • Can I pay extra off my loan?

    If you choose a Business Fixed Rate Loan you can make additional repayments up to a maximum of $10,000 per year during the fixed period. However, redrawing the additional repayments is not permitted. Alternatively, a split loan facility with a Business Line of Credit can provide you with the best of both loan types.
  • Are there any monthly fees or annual fees on business fixed rate loans?

    No, our business fixed and variable loans have no monthly or ongoing fees.
  • Can I redraw excess funds from my loan?

    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.

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