‘Business Freedom’ Overdraft

Once your Business Freedom Overdraft is established you have the flexibility drawing on your available credit limit whenever the need arises without having to reapply – that means no more loan applications or new loan fees each time you need more funds.

You only pay interest on your drawings - not on your credit limit.

Plus you can split your overall credit limit for different loan purposes into Access Accounts and manage each portion separately.

Business Loan Consultants

Features

Monthly Fee		$40 per month (levied on the first Access Account only)
Reference Rate		10.50% p.a. variable. There is no fixed rate option. Interest is calculated daily and charged monthly.
Deposit		borrow up to 75% of purchase price or valuation** of approved commercial/rural property (you can also use residential property as security)
Terms		Principal and Interest: up to 15 years Interest Only: up to 5 years
Access Accounts		Unlimited free Access Accounts - with up to 4 free credit limit adjustments per year.
Repayment Flexibility		There are many repayment options.
Interest Savings		You only pay interest on the amount drawn. Save interest by depositing all your income and savings and drawing them back whenever you need.
Easy Access		Easily access credit funds by: Writing a cheque; ATM or EFTPOS using Loan Express Cashcard; ‘smartlink’ Internet & Phone Banking transfer BPAY® Direct Debit and Electronic Periodical Payment Withdrawing cash or counter cheque at our branches Withdrawing cash at Bank@Post outlet using Loan Express Cashcard
‘smartlink’ Internet and Phone Banking		Allows you to check your loan balance, account history and send us secure emails.
Statements		Up to one free transaction statement per month Free interest statements showing interest paid Your statement delivered directly to your accountant via BankLink
Commercial Insurance		We may be able to help you protect the commercial property you use as loan security

This is not an offer to lend – loans are subject to terms & conditions and fees and charges apply – full details on application.
** Under our current commercial lending policies – we require approved commercial/rural security and we are unable to accept applications for Unsecured loans; Loans with security over leasehold properties eg. hotels, motels; ‘Balance sheet’ lending; Loans for ‘start up’ business ventures or rural enterprises (where income to service the loan will derive from that venture) or enterprise; or Loans for property development where the security involves the development property only with valuation based on completed blocks/units etc.
BPAY® is a trade mark of BPAY Pty Ltd (ABN 69 079 137 518)