Specialised term lending for a specific purpose
The Bill Rate Term Loan is designed to provide commercial property investors with a facility that has the flexibility of a variable rate loan, with the security of known interest rates for 90 or 180 days at a time.
- A flexible loan specific for the commercial property investment industry
- Set interest rates for a chosen period
| Feature |
Description |
| Loan amount |
Minimum loan amount; $500,000 |
| Interest rate options |
Your Suncorp term loan rates are calculated using a competitive base rate plus a customer margin.
Set your interest rate from 30 days to 5 years. The rate is based on Suncorp's bill rate for your chosen periods. |
| Repayment options |
Principal and Interest;
Interest only monthly in arrears or;
Interest only payments in advance |
| Interest Charging option |
Interest is charged monthly in arrears or can be paid in advance |
| Loan term |
Minimum: 1 year
Maximum: 5 years |
| Security |
Security over the investment or development property would be required, however other forms of security may also be sought. |
Fees
| Item |
Description |
| Establishment Fee |
Fee varies, depending on the loan amount, however there is a minimum of 0.25% or $5000. |
| Other fees and charges apply. Please contact your Business Banking Manager on 1300 65 11 25 for more information |
