The TOP - 9 business credit line for 1 year21.06.2018
Bankchart.com.au has surveyed the terms of the offered business credit line for 1 year in the national currency. Our website's analysts have studied the loan offers from all Australian banks. Review date - 21.06.2018
As of 14 June 2018 the loans under review have been offered by 9 banks. The average interest rate under such loans equals 7,62 % p.a. The total number of the loan programs available for the specified loan terms is 12.
The most affordable business loan is offered by Commonwealth Bank of Australia. The comparison rate under "Business line of credit (residental security)" loan program constitutes 5,23 % p.a. The table below shows the best offers by each bank selected by Bankchart.com.au (in terms of costs) for the aforementioned terms.
The TOP -9 business credit line loan programs for 1 year, as of 14 June 2018
rate type: variable
facility fee: $ 20,00, monthly
rate type: variable
facility fee: $ 40,00, fortnightly
rate type: variable
approval fee: $ 350,00
facility fee: $ 10,00, monthly
administration: $ 250,00, one-time
max. sum: $ 500 000,00
rate type: variable
approval fee: 0,75%
facility fee: $ 25,00, monthly
rate type: variable
administration: $ 400,00, annual
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Published: 21 June 2018
Author: Prostobank Consulting
Source: https://bankchart.com.au