Business Low Rate Loan

 General Lending Rates

• Lending Rate Type: Variable
• Interest Rate: 8.47%, Comparison Rate 0.00%
• Repayment Type:
• Loan Purpose: Investment

• Lending Rate Type: Variable
• Interest Rate: 17.13%, Comparison Rate 0.00%
• Repayment Type:
• Loan Purpose: Investment

 Product Features

• Other Additional Information: Ability to capitalise interest monthly (subject to approval and conditions).

• Digital Banking Additional Information: Enjoy secure Online Business Banking at your fingertips. As a customer on this account you may also be entitled to apply for our Online Business Banking service. If you apply for that service you will be provided with a separate Product Disclosure Statement and your use of the service will be a matter of separate agreement with us. Separate fees are applicable for this service.

• Extra Repayments Additional Information: Make extra repayments without penalty. Pay more than your minimum repayments at any time to help reduce your loan term.

• Other Additional Information: Pay monthly, quarterly, half yearly, annually.

• Redraw Additional Information: On-line redraw facility for quick access to surplus funds (costs apply).

• Other Additional Information: Ability to change your scheduled interest payment and scheduled repayment dates (please note that we may not allow more than one change to the due date within the same interest raising period).

• Other Additional Information: Principal and interest or choose to pay interest only for one to five years before starting principal and interest repayments.

 Product Eligibility

• Business - Business Purposes Only. Additional Information: Loan funds are for the purpose of capital acquisition or investment in your business.

• Other - Relationship Managed Customers Only (limited Exceptions May Apply).. Additional Information: Only available to relationship managed customers (limited exceptions may apply).

• Other - Security. Additional Information: Residential or Commercial property and other assets can be used as security and must meet Bankwest lending criteria.

 Bank Fees and Charges

• Bank Cheque Fees (Event), Amount: 10.00. Additional Information: Multiple fees instances may apply, however this may be shown as a total amount in your contract.

• Legal Fee (Variable), Amount: Not Listed..

• Loan Maintenance Fee (Variable), Amount: Not Listed.. Additional Information: A $240 annual Loan Maintenance Fee applies to this account and is raised based on the interest raising period selected, either monthly, quarterly, half yearly or annually and is payable in arrears.

• Establishment Fee (Variable), Amount: Not Listed.. Additional Information: Notified on application

• Variation Fee (Variable), Amount: Not Listed.. Additional Information: A fee is payable if you apply to vary any of the terms of this Agreement.

• Legal Document Preparation Fees (Variable), Amount: Not Listed.. Additional Information: Multiple fees instances may apply, however this may be shown as a total amount in your contract.

• Legal Document Registration Fees (Variable), Amount: Not Listed.. Additional Information: Multiple fees instances may apply, however this may be shown as a total amount in your contract.

• Legal Document Stamping Fees (Variable), Amount: Not Listed.. Additional Information: Multiple fees instances may apply, however this may be shown as a total amount in your contract.

• Settlement Attendance Fee (Variable), Amount: Not Listed..

• Legal Document Discharge Preparation Fees (Variable), Amount: Not Listed.. Additional Information: Multiple fees instances may apply, however this may be shown as a total amount in your contract.

• Registration Of Security Documents Fees (Variable), Amount: Not Listed.. Additional Information: Multiple fees instances may apply, however this may be shown as a total amount in your contract.

• Stamp Duty On Security Documents Fees (Variable), Amount: Not Listed.. Additional Information: Multiple fees instances may apply, however this may be shown as a total amount in your contract.

• Title Search Fees (Variable), Amount: Not Listed.. Additional Information: Multiple fees instances may apply, however this may be shown as a total amount in your contract.

• Asic Company Search Fees (Variable), Amount: Not Listed.. Additional Information: Multiple fees instances may apply, however this may be shown as a total amount in your contract.

• Personal Property Securities Register (ppsr) Fees (Variable), Amount: Not Listed.. Additional Information: Multiple fees instances may apply, however this may be shown as a total amount in your contract.

• Business Name Registration Search Fees (Variable), Amount: Not Listed.. Additional Information: Multiple fees instances may apply, however this may be shown as a total amount in your contract.

• Valuation Fees (Variable), Amount: Not Listed.. Additional Information: Multiple fees instances may apply, however this may be shown as a total amount in your contract.

• Personal Property Securities Register (ppsr) Registration Of Charge Fees (Variable), Amount: Not Listed.. Additional Information: Multiple fees instances may apply, however this may be shown as a total amount in your contract.

• Personal Property Securities Register (ppsr) Minor Amendment Of Financing Statement Fees (Variable), Amount: Not Listed.. Additional Information: Multiple fees instances may apply, however this may be shown as a total amount in your contract.

• Quantity Surveyor Fees (Variable), Amount: Not Listed.. Additional Information: Multiple fees instances may apply, however this may be shown as a total amount in your contract.

• Project Engineer Fees (Variable), Amount: Not Listed.. Additional Information: Multiple fees instances may apply, however this may be shown as a total amount in your contract.

• Refinance Fee (Variable), Amount: Not Listed.. Additional Information: Refinance Fee is calculated on the portion of the Facility that is refinanced with another lender and is subject to our discretion.

• Covenant Breach Fee (Variable), Amount: Not Listed.. Additional Information: A fee is payable on breach of any covenant contained in the Offer Letter.

• Renegotiation Fee (Variable), Amount: Not Listed.. Additional Information: A fee is payable if you apply to amend any of the terms of this Agreement.

• Manual Redraw Fee (Withdrawal), Amount: 100.00. Additional Information: Where the Bank processes the redraw for you, a fee will be charged for each withdrawal. To arrange for a redraw of available funds, contact your Business Manager.

 Limitations & Restrictions (Constraints)

• Min Limit of 10000.00 Additional Information: Loans must be a minimum of $10,000 (no maximum).

 Document Downloads

  pds-20220315-103155.pdf (73.5 KB)