Rates, Fees & Charges
Business Finance

Business Solution Loan (L6)	Reference interest rate 10.00% p.a. variable
Business Freedom Overdraft (S26)	Reference interest rate 10.50% p.a. variable
Business Mortgage Loan (L61) (this product no longer available to new applicants - Interest Rate effective 16/10/2008)	8.92% p.a. standard variable
Business Property Loan (L62) (this product no longer available to new applicants - Interest Rate effective 16/10/2008)	9.22% p.a. standard variable
Line of Equity (L90) (this product no longer available to new applicants - Interest Rate effective 16/10/2008)	8.32% p.a. standard variable

Account Fees

Business Solution Loan (L6)	$25 per month
Business Freedom Overdraft (S26)	$40 per month (levied on the first Access Account only)

Application Fee

A once-only Application Fee is required.

Application Fee

$750 for loans up to $250,000 OR 0.3% of the loan amount for loans over $250,000.

Valuation and Inspection Fees

The property is the lender's security.

For new loans, a valuation report of your property will be required from an independent valuer. If you are building, inspection reports will also be required at various stages of construction.

The valuation is undertaken by a professional valuer who takes into account aspects of the property's worth, especially construction, location, comparable prices in the area and improvements.

These reports will be held for the term of the loan and the costs involved in obtaining them must be paid prior to the processing of your loan application.

For existing loans, your loan consultant will advise you of the requirement for a valuation.

Valuation & Inspection Fee

The amount of the fee is subject to quotation.

Legal Fees and Statutory Charges

Wide Bay will arrange for our legal counsel to prepare your loan documentation and any charges will be passed on to you. These charges will vary according to the complexity of your loan requirements. We will provide you with an estimate of the applicable fees with your loan approval.

The following fees associated with your loan set-up may apply:

• Legal counsel
• Loan Settlement fee - $160
• Fees associated with mortgage registration
• Government charges. These will vary according to the credit limit arranged

You will also have to pay your own solicitor's legal fees - you should obtain an estimate of these from your solicitor.

Other Loan Fees & Charges

Other fees and charges will also apply once your loan is approved. These fees typically apply if you miss a payment, your loan defaults - or if you repay your loan early or request the conditions of your loan to be changed. Further Fees & Charges (PDF, 237KB) may apply for banking services you use. Further details of applicable fees and charges are available on application and full details of fees and charges applicable to your loan will be notified in your credit contract.