The ANZ Business Term Loan is available as a variable or fixed interest rate loan. You can split your loan between variable and fixed rates to balance flexibility and security.
ANZ lending criteria and fees apply to ANZ Term Loans.
Key Features
Loan approval fee
From $75
Switching fee
A $300 switching fee may be payable any time you choose to switch from a variable rate loan to a fixed rate loan, or vice versa.
Redraw
ANZ Redraw facility is only available on variable rate loans. This facility allows you access to funds you have repaid to your loan, in addition to your scheduled loan repayments. Fees may apply. Subject to approval.
Interest only repayments
Available for up to five years. Conditions apply and subject to approval.
Repayments
Payments can be made weekly, fortnightly, monthly or quarterly.
Lump sum repayments
On a variable rate loan, lump sums may be paid at any time without charge. Fees may apply to lump sum payments on fixed rate loans.
Loan term
Up to 15 years.
Minimum loan amount
$5,000
Statements
Detailed account statements are issued six monthly (other statements frequencies available on request).
Security
Various forms of security may be considered, such as the fixed assets of your business, subject to ANZ lending criteria.
Additional features
Available as fixed interest rates, variable rate, or in combination.
Options for security.
ANZ Redraw facility to allow you to access funds you have repaid (variable rate loans only). Subject to approval.
