Bank of Melbourne Bank Bill Business Loan
Term loan
Our most flexible loan for businesses looking to borrow more than $250,000 for acquisitions, capital investment or refinancing.
- Establishment fee
- Not published
- Monthly fee
- Not published
- Borrow
- From $250,000
Interest rate a year, from
Not published
Loan details
Rates
- Interest rate (a year)
- On application
- Rate type
- Not published
- Security
- Not published
- Type of finance
- Term loan
Limits and fees
- Loan amount
- From $250,000
- Loan term
- From 30 years
- Establishment fee
- Not published
- Monthly fee
- Not published
Pros and cons
Pros
- Extra repayments. Paying more than the minimum pays the loan off sooner and cuts the interest you pay.
- Redraw. You can take back extra repayments later if you need the money.
Cons
- An early repayment fee. Paying the loan off early or refinancing can cost a fee, which cuts into what you save by repaying sooner.