Bill facility

The BetterBusiness bill facility is a loan that offers a range of repayment options to help you take care of short and long-term financial needs.

A bill is your promise to pay back the loan at a later date. We give you an amount less than the face value (settlement price) of the bill. On a specific future date (maturity date), you pay back the settlement price plus interest.

The loan allows you to manage cash flow more effectively by making payments only on the maturity of the bill. It also provides interest rate protection and flexibility.

Features

• A minimum borrowing amount of $500,000
• A variable facility that offers an interest rate on a short-term basis (providing the flexibility to reset your rate every 30, 60, 90, 120, 150 or 180 days)
• Fixed rates are available for up to seven years
• Principal reductions at each rollover can be established

Bill rates are based on market-related rates.

Choose the structure that is right for you
Your BetterBusiness bill facility can be used as a revolving line of credit (where you draw down funds as you need them) or a term loan (if you want to pay it back over time).

Interest rate management options
By attaching interest rate risk management solutions to your bill facility, you can protect your business from adverse interest rate movements or take advantage of positive fluctuations over an agreed period.

You may include one of the following interest rate risk management solutions in your BetterBusiness bill facility:

• Cap Advantage
• Range Advantage
• Rate Reset Advantage
• Forward Start Advantage
• Principal Range Advantage
• Participator

• Important information about advice. As this advice has been prepared without considering your objectives, financial situation or needs, you should, before acting on this advice, consider its appropriateness to your circumstances.
• Flexi Bill Solution – Cap Advantage, Flexi Bill Solution – Range Advantage, Flexi Bill Solution – Rate Reset Advantage, Flexi Bill Solution – Forward Start Advantage, Flexi Bill Solution – Principal Range Advantage, Flexi Bill Solution – Participator are issued by the Commonwealth Bank of Australia, view our Financial Services Guide (PDF 59kb)
• View a Product Information Document (PID) for Cap Advantage (PDF 123kb) for more information about this product.
• View a Product Information Document (PID) for Range Advantage (PDF 125kb) for more information about this product
• View a Product Information Document (PID) for Principal Range Advantage (PDF 128kb) for more information about this product.
• Applications for finance are subject to the Bank’s normal credit approval. Full terms and conditions are included in the loan offer. Bank fees and charges may apply.
• If you have a complaint, the Bank’s dispute resolution process can be accessed on 13 2221.