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Businesses can apply for loans from $20,000 and have their choice of fixed or variable rates. This loan is secured and has a maximum borrowing limit of $3,000,000. Terms vary based on whether the loan is fixed or variable. The maximum term limit for a fixed loan is 15 years, while for variable loans it is 30 years. Their interest rates will depend on various factors, including the security provided. This loan comes with a monthly account keeping fee, an application fee and interest rate charges.
Application fee is available upon application
Upfront Fee
$3,000,000
Max. Loan Amount
15 to 30 years
Loan Term
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Product Name | St.George Small Business Loan |
---|---|
Min. Loan Amount | $20,000 |
Max. Loan Amount | $3,000,000 |
Loan Security | Secured |
Upfront Fee | Application fee is available upon application |
Loan Term | 15 to 30 years |
The St.George Small Business Loan has two options for your business to choose from. One is a fixed rate business loan that is commercially secured and allows the business to apply for amounts of $20,000 and above over 25 years. This has increased from 15 years. The second option to choose from is a variable rate residentially secured loan which allows you to apply for amounts of $20,000 and above with a loan term of 30 years. You ensure that you're a customer of St.George Bank, apply for the loan amount you'd like for your business and wait for approval, which can take a few business days.
Some of the features of this loan are as follows:
As the rates and fees with this loan are dependent on whether or not you decide to get a fixed rate or a variable rate loan, it's important to keep this in mind before reviewing the fees below. Some of the fees you can expect to be charged with this loan are:
However, this depends on how much you apply for with St.George.
Click on "Go to Site" and ensure that you meet the criteria that are needed for the loan. The only eligibility criterion you need to meet for this loan is to be a registered Australian business. This means you have to produce one or more of the following:
Another criterion that you need to meet is to be a St.George customer. If you're not one, they have a handy checklist that can help you get all of the documents you need in order to become a St.George customer. As the checklist varies from the ABN to the ACN, it's important that you know what you need in order to become a St.George customer before considering whether to apply for this loan. While this is a competitive business loan to consider, make sure you compare business loans to see which one meets your business needs.
Whilst we don't directly compare the St.George Small Business Loan, compare other business loans offering similar features.