Suncorp Business Essentials Loan

Rates

• Rate type

  variable

• Variable rate

  4.35% p.a.Residential Security Rate

• Fixed 1 year rate

  none

• Fixed 2 year rate

  none

• Fixed 3 year rate

  none

• Fixed 4 year rate

  none

• Fixed 5 year rate

  none

• Fixed 6 year rate

  none

• Fixed 7 year rate

  none

Fees

• Upfront fee

  $800

• Ongoing fees

  $0

• Late payment fee

  $20.00

• Exit fee

  $350

• Early repayment penalty

  $1200 if within first 4 years plus any discount or rebate given up to a maximum $2000

• Transaction fee

  n/a

Features

• Repayment frequency

  monthly

• Repayment types

  Principal & Interest, Interest Only

• Extra repayments allowed

  yes

• Redraw allowed

  none

• Card access

  no

• Cheque access

  no

• Other benefits

  No minimum loan term. When you link your variable Business Essentials Loan to your Business Everyday account, you’ll be able to offset your business income and savings against your loan to reduce your interest repayments.

• Other restrictions

  none