Business line of credit

If you’re seeking a revolving line of credit offering flexibility, value and control, our business line of credit could be what you need.

Designed as a long-term debt facility, the business line of credit is especially suited to business expansion or investment purposes.

Features
Available for approved amounts from $50,000, our business line of credit provides:

• Complete flexibility. Designed for changing needs, this facility allows you to easily access funds up to your approved limit whenever it suits you best. There is no need to renegotiate or contact your relationship manager.
• Value for money. As this is a long-term debt facility with competitive interest rates, you pay interest only on the portion of the debt being used. A line fee is payable on the total approved limit.
• Convenience. Your lending facility and transaction account are consolidated into one account, making your money management much easier.
• Easy access. You can access your funds via electronic transfer, a branch or by cheque.

Business benefits

• Repay the facility at your own pace
• Redraw funds whenever you choose (up to the approved limit)
• Pay bills and transfer money electronically without leaving your home or office
• Save on interest costs by only paying for the funds that you use

• Important information about advice. As this advice has been prepared without considering your objectives, financial situation or needs, you should, before acting on the advice, consider its appropriateness to your circumstances. View our Financial Services Guide (PDF 59kb).
• View Terms and Conditions for Electronic Banking (PDF 135kb) and consider them before making any decision about this product.
• If you have a complaint, the Bank’s dispute resolution process can be accessed on 13 2221.
• 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.