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Business Line of Credit

Allows access to the equity in a property as a line of credit. For customers that want to decide how often and how much to pay off their line of credit limit.

 

Key Benefits

  •          Use Equity in a property to invest in other assets for the business
  •          Flexible repayment frequency with no minimum or maximum repayments required
  •          Immediate access to funds via ATMs, branch network, telephone or internet banking
  •          Unlimited additional repayments

 

Product Overview

Loan Purpose

Available for either Business or Investment Purposes

Loan Amount

Minimum $10,000
Maximum $1,000,000

Loan Term

No set maximum  term

Acceptable Collateral Types

Residential and/or Commercial Property
Cash (Suncorp Term Deposits) may be used

LVR

80% Residential
70% Commercial
100% Cash

Repayment Type

Interest Only

Additional Repayments

Additional repayments allowed.

Cashback

Not applicable

Add Loan (Further Advances)

Limit increases available (fees appy*)

Service Fee*

$80 Quarterly

 

This information is for use by Brokers only. Not to be disclosed, copied or provided to anyone except authorised parties. Not to be provided or shown to applicants or customers. Information is current at 01/09/2015 and may be subject to change without notice. Loan products are issued by Suncorp-Metway Ltd ABN 66 010 831 722 Australian Credit Licence 229882 to approved applicants only. Terms, conditions, fees and charges apply and are available on request.  

 

*Other fees and charges apply.