Market Rate Loan

 General Lending Rates

 Product Features

• Other Additional Information: It's for businesses that want to have the flexibility to have multiple loans within one facility that has an overall limit starting from $500,000.

• Other Additional Information: It has a transparent interest rate linked to the Bank Bill Swap Bid rate.

• Other Additional Information: Choose a rollover period between 1 and 6 months. At the end of each rollover period, your interest rate will update based on the current BBSY.

• Other Additional Information: Set different repayment schedules for each loan within the facility to suit your business cash flow.

• Other Additional Information: Get expert advice from our Global Markets specialists to help you minimise your exposure to market interest rate fluctuations.

• Other Additional Information: The Market Rate Loan facility supports up to 25 participating entities.

• Other Additional Information: You can allow your entities to manage their individual cash flow requirements.

• Other Additional Information: Structure your loan to flexibly manage cash flow and your exposure to market rate changes

• Other Additional Information: For example, one of your loan accounts may have a 6 month reset period, while another may have a 1 month reset period.

• Other Additional Information: Choose to pay a fixed interest rate, or explore a range of Interest Rate Risk Management (IRRM) options offered by our Global Markets team.

• Other Additional Information: IRRM structured solutions are available on loan accounts of $500,000 or more.

• Other Additional Information: Make interest only or principal plus interest repayments based on your business needs, and the type of investment you're making.

• Other Additional Information: Loans can be fully secured, partially secured or unsecured.

• Other Additional Information: Secure your loan with residential property, commercial property or other business assets.

• Other Additional Information: View all your accounts in one place with CommBiz, keeping your banking and administration fast and straightforward.

 Product Eligibility

• Other - Eligible Businesses Include:. Additional Information: Applications for finance are subject to the Bank's eligibility and suitability criteria and normal credit approval process.

• Other - Eligible Businesses Include:. Additional Information: Medium to large sized Australian businesses and not-for-profit organisations.

• Other - Eligible Businesses Include:. Additional Information: You must use the loan for business purposes only.

• Other - Eligible Businesses Include:. Additional Information: You must meet the Bank's lending policies and credit risk requirements.

• Other - You're More Likely To Be Approved If:. Additional Information: You haven't been overdrawn or had your account in arrears anytime in the past 3 months.

• Other - You're More Likely To Be Approved If:. Additional Information: You haven't been declared bankrupt in the last 5 years.

• Other - You're More Likely To Be Approved If:. Additional Information: You haven't had any accounts in collections in the past 6 months.

• Other - You're More Likely To Be Approved If:. Additional Information: You have a minimum 30% deposit as well as cash reserves to demonstrate that you can operate the busines for at least the first 3 months.

 Bank Fees and Charges

• Establishment And Security Processing Fee (Upfront), Amount: 0.00. Additional Information: Fee charged to establish or refinance a facility. This may be a dollar amount or percentage of the facility limit. This may be charged at establishment, limit increase or loan term extension.

• Line Fee (Variable), Amount: Not Listed.. Additional Information: Fee charged for making the facility available. Calculated as a percentage of the total facility limit.

• Usage Fee (Variable), Amount: Not Listed.. Additional Information: Fee charged for using the facility. Calculated on your total borrowed amount (not your total limit).

• Other Fees Apply (Variable), Amount: Not Listed.. Additional Information: Rates and fees differ based on the type of security you provide for your loan, your loan amount and other factors. We'll confirm what they are in your Letter of Offer.

• Un-used Limit Fee (Variable), Amount: Not Listed.. Additional Information: Fee charged for making the facility available. Calculated as a percentage of the unused amount of the facility.

• Early Repayment Adjustment Fee (Variable), Amount: Not Listed.. Additional Information: Fee charged when a customer makes a repayment on the loan prior to the scheduled reset date (irrespective of the circumstances causing the early repayment) and the Bank makes a loss due to the pre-payment.

• Upfront Dollar Fee (Upfront), Amount: Not Listed.. Additional Information: Fee charged to establish an Interest Rate Risk Management (IRRM) arrangement as part of your facility.

• Scheduled Dollar Fee (Variable), Amount: Not Listed.. Additional Information: This fee applies only if you have an Interest Rate Risk Management (IRRM) arrangement. It is a fixed dollar amount, agreed with the CommBank Global Markets team when your loan is set up. It is charged on each reset date during your IRRM agreement—these are scheduled points when your interest rate terms are reviewed.

• Interest Rate Risk Management (irrm) Break Cost (Variable), Amount: Not Listed.. Additional Information: Fee charged when a customer repays their loan prior to maturity under an Interest Rate Risk Management (IRRM) arrangement and the Bank makes a loss due to the pre-payment.

• Liquidity Fee (Variable), Amount: Not Listed.. Additional Information: Fee charged for making the facility available. Calculated as a percentage of the amount drawn.

• Rollover Fee (Variable), Amount: Not Listed.. Additional Information: Fee charged to roll over a loan to the next reset period.

• Rate Reset Fee (Variable), Amount: Not Listed.. Additional Information: Fee charged when you choose a shorter interest rate reset period on your loan.

 Limitations & Restrictions (Constraints)

• Min Limit of 500000.00