Suncorp Business Essentials Term Loan

Rates

• Rate type

  fixed

• Variable rate

  n/a

• Fixed 1 year rate

  4.10% p.a.

• Fixed 2 year rate

  4.15% p.a.

• Fixed 3 year rate

  4.25% p.a.

• Fixed 4 year rate

  4.30% p.a.

• Fixed 5 year rate

  4.35% p.a.

• Fixed 6 year rate

  n/a

• Fixed 7 year rate

  n/a

Fees

• Upfront fee

  $0 for loans settled by 31 January 2020

• Ongoing fees

  $15 per month

• 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

  no

• Card access

  no

• Cheque access

  no

• Other benefits

  $0 Establishment fee for loans settled by 31 January 2020 (usually $800 or 0.3% of loan amount if over $500,000, maximum $3000)

• Other restrictions

  none