BUSINESS LOAN VEHICLE
Loan to buy new or demo business vehicle up to 4.5 tonne GVM, $20-150K with vehicle taken as security over the loan.
Category: Business Loans Last Updated October 29, 2024 Effective November 1, 2024
General Lending Rates
Rates listed below are for a FIXED P&I product. Additional Information Rate fixed for the term of the loan
Interest Rate
7.35% PA
7.35% 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 Features
- Digital Banking Additional Information: SCCU NetBanking
- Npp Enabled
- Other Additional Information: Terms from 1yrs to 5years available
- Other Additional Information: extra repayments allowed
Product Eligibility
- Residency Status Additional Information: Registered Australian Business
- Other Additional Information: Capacity to repay the loan
- Other Additional Information: For Purchase of new vehicle registered in business name
- Business Additional Information: sole trader, company or partnership
Bank Fees and Charges
- Direct Debit Dishonour (Event), Amount: 15.00. Additional Information: Charged if your direct debit payment is dishonoured due to insufficient funds
- Loan Variation (Event), Amount: 150.00. Additional Information: When there is a variation made to the terms of an existing loan agreement. For example principal reduction, change to loan term.
- Business Loan Establishment Fee (Upfront), Amount: 375.00.
- Business Loan Security Variation (Event), Amount: 150.00. Additional Information: chargeable per security
- Business Loan Trust (Event), Amount: 132.00.
- Business Monthly Fee (Periodic), Amount: 8.00.
- Security Guarantee Fee (Event), Amount: 200.00. Additional Information: If you require or elect to have a guarantor for your loan, this fee is charged to cover the additional administration costs. This fee is charged per guarantor.
Limitations & Restrictions (Constraints)
- Min Limit of 20000.00
- Max Limit of 150000.00
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