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No interest is payable for the life of the loan. Instead, you’ll be charged an Establishment Fee – one simple fee based on the amount you ask for in your loan application.1
See below for the full table of fees:
As this information has been prepared without having regard for your individual and/or business objectives, financial situation or needs, you should, before acting on this information, consider its appropriateness to your circumstances. This information is current as at 2 February 2022 and is prepared without taking into account your individual and/or business needs and objectives. CommBank has the right to change or cancel this offer at any time without notice. The statements and content of this fact sheet have been sourced from various government publications and summarised. CommBank disclaims, to the extent permitted by law, all warranties, representations or endorsements, express or implied, with regard to the material and does not accept any liability in relation to the quality, operability or accuracy of the material.
This information is current as at date of publication and is prepared without taking into account your individual and/or business needs and objectives.
1 The Establishment Fee is financed through your loan account and is non-refundable (whether you use your Limit or not). The Establishment Fee is capitalised and added to the principal of your loan and will be paid by instalments as part of the principal from when your account is setup. If you (or, if you default, we) terminate the loan before the end of the Term and the principal (including the remaining Establishment Fee) becomes payable, no part of the Establishment Fee will be refunded.
2 A lending decision within 24 hours is subject to the Bank's eligibility and suitability criteria.
3 These products are only available to approved business customers and for business purposes only. Customers need to meet eligibility criteria of the Government SME Recovery Loan Scheme Rules including, impacted by Coronavirus or other eligible criteria, be a small to medium sized business with an annual turnover of less than $250 million in the financial years 2019-20, 2020-21 and/or 2021-22 and have an ABN. This offer cannot be used to purchase residential property or financial products, or to provide loans to associated entities. Applications for finance are subject to the Bank’s eligibility and suitability criteria and normal credit approval processes. Applications available to 30 June 2022. You can view the Business Finance Terms and Conditions and should consider them before making any decision about these products and services. (The Business Boost Loan refers to the Better Business Loan in the Business Finance Terms and Conditions.) Full Terms and Conditions are included in the Loan Offer. Bank fees and charges may apply.
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