CBA are helping small businesses dream big with a special 4.50% p.a. variable interest rate offer on their Better Business Loan, for approved applications submitted by 30 August 2019.
Offer details are below.
Loan amount: $150,000 to less than $1m. New borrowings only.
Establishment fee: 0.50% upfront (minimum of $500). Other fees and charges apply.
Loan term: Up to 3 years.
CommBank transaction account: Customer must hold a transactional or savings account with us by 30 August 2019.
Total borrowings: Customers total borrowings with CommBank must not exceed $1m, and must be wholly or predominantly for business and commercial purposes. Loan purpose exclusions:- Offer not available for certain loan purposes, such as Self-Managed Super Funds and Commercial Property Investment or Development. Additional exclusions apply for ABCD Commercial applications.
Why choose a BetterBusiness Loan?
• A BetterBusiness Loan is a flexible loan customers could tailor to suit their business. If they need capital to grow their business and can provide property or cash as security, it may be a good option.
• Customers could borrow over $150,000 secured with residential or commercial property, cash or a combination of both.
• Customers can choose between Interest Only or Principal and Interest repayments that meet business cash flow needs.
• Customers can make extra repayments with the ability to redraw available funds online via NetBank, CommBiz and the CommBank app (variable rate loans only).