Bendigo Bank Business Loan
Term loan
Your choice of a fixed interest rate or a variable interest rate, with customised repayments to suit you and your business.
- Establishment fee
- Not published
- Monthly fee
- Not published
- Borrow
- $10,000 to $15,000,000
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
- $10,000 to $15,000,000
- Loan term
- Not published
- Establishment fee
- Not published
- Monthly fee
- Not published
How it compares
Against the other business loans we compare. Typical means the middle half of them.
Most you can borrow
$15,000,000
Typically you can borrow up to $5,000,000.
Pros and cons
Pros
- Room to borrow more. Up to $15,000,000, more than the typical $5,000,000, which can cover bigger costs in one loan.
- 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.
- No early repayment fee listed. You can pay the loan off early, or refinance, without a penalty. Check the terms to be sure.
Cons
Nothing stands out.