The TOP - 8 business lines of credit for 1 year - 28.08.2019

Bankchart.com.au has surveyed the terms of the offered business lines of credit for 1 year in the national currency. Our website's analysts have studied the loan offers from all Australian banks. Review date - 28.08.2019

As of 27 August 2019 the loans under review have been offered by 8 banks.  The average interest rate under such loans equals 6,97 % p.a. The total number of the loan programs available for the specified loan terms is 13.

The most affordable business loan is offered by Suncorp Bank. The comparison rate under "Business Essentials (1 Year Fixed)" loan program constitutes 4,60 % 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-8 business lines of credit loan programs for 1 year, as of 27 August 2019

#

Bank

Interest Rate, %

1

4,60

interest rate, %

rate type

fixed

max. sum

$ 999 999,00

3

5,04

interest rate, %

rate type

variable

facility fee

$ 20,00, monthly

4

5,48

interest rate, %

rate type

variable

facility fee

$ 40,00, fortnightly

5

5,80

interest rate, %

rate type

variable

6

5,80

interest rate, %

rate type

variable

7

7,61

interest rate, %

rate type

variable

administration

$ 400,00, annual

8

12,95

interest rate, %

rate type

variable

max. sum

$ 100 000,00

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