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The main feature of this commercial loan is that you can use it for whatever you need to, as long as it's a worthwhile purpose for your business. This means the funds can be used for anything that can help your business grow, whether it be purchasing that space that would help get more foot traffic, a marketing idea, or consolidating the debt that has accrued over the years. You can also use it to cover operational costs. Find out how this loan works and if it's the right option for your business.
0.5%
Upfront Fee
Up to 5 years
Loan Term
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Product Name | Bank Australia Commercial Loan |
---|---|
Min. Loan Amount | $10,000 |
Max. Loan Amount | No maximum amount |
Loan Security | Secured |
Upfront Fee | 0.5% |
Loan Term | Up to 5 years |
You have to be a member of Bank Australia to apply for this loan. You need to submit your personal data and assets and liabilities situation, which Bank Australia will then use to determine whether or not you can get this loan.
Once you submit your loan application you will have a response within the next 24 to 48 hours. You can submit your application by telephone, online or in person at a Bank Australia branch.
Here are some features of the commercial loan offered by Bank Australia:
Here are the fees associated with this loan:
There are no other fees, such as a monthly fee, associated with this loan. Once you pay the establishment fee, you're ready to go!
Some documents you need to provide in order to be eligible for this loan include:
Some other information you need to provide:
With flexible repayments offered and start-ups able to apply, this commercial loan offered by Bank Australia is one to consider for your growing business needs. However, consider a range of business loans before applying.
Whilst we don't directly compare Bank Australia Commercial Loan, compare other business loans offering similar features.