Business Vehicle Loan

 General Lending Rates

 Product Features

• Npp Payid Additional Information: Get faster payments between participating banks, anytime with Pay ID

• Npp Enabled

• Other Additional Information: 1 to 7 years

• Other Additional Information: Flexible repayment options weekly, fortnightly or monthly

• Other Additional Information: You can make extra repayments or repay your loan in full at any time. Extra repayments may enable you to redraw funds, subject to conditions

• Other Additional Information: No PPSR (Personal Property Securities Register) fee is charged during the loan application

• Other Additional Information: Set repayments that won't change during the fixed term so you can lock in certainty

• Other Additional Information: Based on your choice of business finance option you could benefit from ongoing tax benefits

 Product Eligibility

• Min Age - 18. Additional Information: Individuals must have the legal capacity to enter into the loan contract, provide acceptable identification documentation and be 18 years or older

• Business Additional Information: Business customers purchasing a vehicle that will mostly (or entirely) be used for business purposes and have been established in the business undertaking for at least 2 years with a history of profitable operations

• Residency Status - Permanent Resident. Additional Information: You must be an Australian citizen or permanent resident to apply

• Other Additional Information: Applications for credit are subject to eligibility and suitability criteria and normal credit approval process.

• Other Additional Information: New or used vehicles up to 5 years old including passenger cars, vans, utes, small trucks, minibuses and other light commercial vehicles

 Bank Fees and Charges

• Security Guarantor Fee (Upfront), Amount: 200.00. Additional Information: Payable if a guarantor is listed on the loan schedule.

• Late Payment Fee (Event), Amount: 15.00. Additional Information: A fee charged when you don't make your minimum monthly payment, plus any overdue amount

• Default Notice Fee (Event), Amount: 50.00. Additional Information: A fee charged if you default on your repayments and we issue a default notice

• Paper Statement Fee (Periodic), Amount: 2.00. Additional Information: A fee charged to cover the cost of producing and sending paper statements

• Fixed Rate Lock Fee (Event), Amount: 500.00. Additional Information: A fee charged to guarantee the fixed interest rate quoted to you at loan approval for up to 90 days from the date of approval

• Loan Establishment Fee - Business Vehicle Loan (new) (Upfront), Amount: 250.00. Additional Information: A fee charged to set up a new Business Vehicle Loan

 Limitations & Restrictions (Constraints)

• Min Balance of 0.00

• Max Balance of 150000.00