Finty
Beyond Bank Australia

Beyond Bank Australia Business Investment Loan

Term loan

The Business Investment Loan gives you the freedom to grow your business and take advantage of investment opportunities when they arise whilst offering a competitive flexible interest rate with convenient access to your funds.

Written byDavid Boyd

6.94%

interest rate a year, from

Establishment fee
$595
Monthly fee
Not published
Borrow
$10,000 to $2,000,000

Loan details

Rates

Interest rate (a year)
6.94%–8.44%
Rate type
Fixed or Variable
Security
Not published
Type of finance
Term loan

Limits and fees

Loan amount
$10,000 to $2,000,000
Loan term
1 year to 5 years
Establishment fee
$595
Monthly fee
Not published

How it compares

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

Cost of $20,000 over 5 years

$4,322

Interest and fees at its starting rate. Typical is $4,473.

Setup fee

$595

A typical setup fee is $26.

Most you can borrow

$2,000,000

Typically you can borrow up to $5,000,000.

Longest term

5 years

3 years is the usual longest term.

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.
  • 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 6.94% to 8.44%, and only some people get the starting rate.
  • A higher setup fee. $595, above the typical $26. It's usually added to the loan, so you pay interest on it too.
  • A lower limit. Up to $2,000,000, less than the typical $5,000,000, so it may not cover a larger purchase.

Similar loans

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