Business Vehicle Loan
Low rate flexible loan, for business vehicles up to 3 tonne
Category: Business Loans Last Updated July 11, 2024 Effective November 1, 2024
General Lending Rates
Rates listed below are for a FIXED product. Additional Information The loan purpose must be to purchase or refinance a car up to 5 years old from year of manufacture (currently from 2019) which must be used as security on the Business Vehicle loan.
Interest Rate
6.49% PA
6.49% PA
Comparison Rate
0.00%PA*
0.00%PA*
Product rates will vary depending upon your financial position< LVR, and other criteria. The product may also vary depending upon the rate type, repayment type, or loan purpose. We encourage you to contact us for a full understanding of the product and terms.
Product Variations
Product rates and conditions will usually vary based on the LVR and other conditions..
Business Vehicle LVR
- Lending Rate Type: Fixed
- Interest Rate: 7.99%, Comparison Rate 0.00%
- Repayment Type:
- Loan Purpose:
Product Features
- Digital Banking
- Other Additional Information: Flexible repayment frequency - pay weekly, fortnightly or monthly
- Other Additional Information: No penalties for additional repayments or early payout
- Other Additional Information: No monthly account fees
Product Eligibility
- Business - Business And Non-personal Entities.
- Other Additional Information: Terms, conditions, fees, charges and lending criteria apply and are available on application
Bank Fees and Charges
- Business Vehicle Loan Application Fee (Upfront), Amount: 250.00. Additional Information: Application fee per loan for sole traders and partnerships
- Business Vehicle Loan Application Fee (Upfront), Amount: 350.00. Additional Information: Application fee per application for companies.
- Substitute Of Security Fee (Event), Amount: 75.00.
Limitations & Restrictions (Constraints)
- Min Limit of 20000.00 Additional Information: Minimum loan size is $20,000.00
Document Downloads
brc-8-6-2-fees-and-charges.pdf (129.8 KB)
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