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The Commonwealth Bank's BetterBusiness Loan is ideal for those who need medium- to long-term capital to begin or expand your business. It also gives businesses the freedom to tailor a loan to their specific needs, with a varied loan term of 12 months to 30 years, depending on options selected.
Depends on application and whether or not security provided
Upfront Fee
$3,000,000
Max. Loan Amount
1 to 30 years
Loan Term
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Product Name | Commonwealth Bank BetterBusiness Loan |
---|---|
Min. Loan Amount | $10,000 |
Max. Loan Amount | $3,000,000 |
Loan Security | Secured |
Upfront Fee | Depends on application and whether or not security provided |
Loan Term | 1 to 30 years |
When applying for this loan you will be given four interest rate options to choose from, each with its own benefits. Two of the options allow you to secure property against this loan. For the fixed rate options available, the borrowing limit on this loan is a minimum of $10,000. For the residential secured loans there is a minimum of $100,000. The loan terms for the fixed rate options are from 12 months to 7 years.
There are a number of features with this loan, including:
There are a number of fees with this loan, including:
These fees are dependant on how much you decide to borrow and the type of security that is offered on the loan.
Click on the 'Go to site' button and ensure you meet the following requirements before applying for this loan:
The BetterBusiness Loan offered by Commbank can help expand your business but it's important to consider whether this loan is right for your needs. Compare business loans before making a final decision.