Finty
Auswide Bank

Auswide Bank Business Line Of Credit

Line of credit

A business line of credit allowing flexibility to draw up to your approved credit limit.

Written byDavid Boyd
Establishment fee
Not published
Monthly fee
$25
Borrow
$50,000 to $5,000,000

Interest rate a year, from

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Loan details

Rates

Interest rate (a year)
9.88%–10.41%
Rate type
Variable
Security
Not published
Type of finance
Line of credit

Limits and fees

Loan amount
$50,000 to $5,000,000
Loan term
Not published
Establishment fee
Not published
Monthly fee
$25

How it compares

Against the other business loans we compare. Typical means the middle half of them.

Most you can borrow

$5,000,000

Typically you can borrow up to $2,000,000.

Pros and cons

Pros

  • Room to borrow more. Up to $5,000,000, more than the typical $2,000,000, which can cover bigger costs in one loan.
  • No early repayment fee listed. You can pay the loan off early, or refinance, without a penalty. Check the terms to be sure.

Cons

  • Your rate isn't known until you apply. It's set by your credit history and finances, anywhere from 9.88% to 10.41%, and only some people get the starting rate.
  • A variable rate. Your repayments can rise if the lender lifts its rate, though they can also fall.

Similar loans

Business loans of the same kind from other lenders that start at a similar interest rate.