‘Business Solution’ Loan
Whether you’re purchasing commercial property, funding a new or existing business, or refinancing an existing business loan – our ‘Business Solutions’ Loan has lots of great features and gives you the flexibility to meet changing circumstances.
| Monthly Fee |
|
$25 per month. A lower fee may apply if using residential security. |
| Reference Rate |
|
9.45% p.a. variable. There is no fixed rate option. Interest is calculated daily and charged monthly. Lower rates may apply if using residential security. |
| Deposit |
|
borrow up to 75% of purchase price or valuation**
of approved commercial/rural property. A lower deposit may apply if using residential security. |
| Terms |
|
Principal and Interest: up to 15 years
Interest Only: up to 5 years
Longer terms may be available if using residential security. |
| Repayment Flexibility |
|
Choose from weekly, fortnightly or monthly
repayments to suit your income stream. Paying more frequently or
paying additional amounts can help you pay off your loan quickly – try
our extra
repayments calculator! There are
many repayment
options.
Get ahead on repayments and you can have a repayment “holiday”! |
| Paying off your loan sooner |
|
More frequent payments, larger repayments, lump sum payments are all allowed and can help you cut down on your interest and help you pay out your loan years earlier. Check out our calculators to find out how much you can save. |
| Redraw |
|
Unlike some loans – you can access any extra money you’ve deposited into your loan*. Perfect for unexpected bills or extra money when you need it! |
| Visa Debit Card |
|
This account qualifies you for an Account Fee exemption on our Visa Debit Account. |
‘smartlink’ Internet, Mobile and Phone Banking
|
|
Allows you to check your loan balance, account history and send us secure emails. |
| Statements |
|
|
| Commercial Insurance |
|
We may be able to help you protect the commercial property you use as loan security. |
Wide Bay Australia Ltd ABN 40 087 652 060 (Australian Credit Licence No: 239686) is the credit issuer. This is not an offer to lend - credit assessment criteria, terms and conditions & fees and charge apply - full details on application. Prior to entering into a credit contract with us you should read our Credit Guide (PDF, 74KB). Loans are only available to approved applicants offering security in approved property in Australia.
** 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.
* A fee may apply for this benefit - minimum amount $1000.
