Finty
Beyond Bank Australia

Beyond Bank Australia Business Line of Credit (Sec)

Line of credit

A Business overdraft provides ongoing access to funds when you need them. Use the overdraft to combine your business loan and working capital requirement in one flexible revolving line of credit.

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

Interest rate a year, from

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Loan details

Rates

Interest rate (a year)
9.09%
Rate type
Variable
Security
Not published
Type of finance
Line of credit

Limits and fees

Loan amount
$10,000 to $2,000,000
Loan term
Not published
Establishment fee
$595
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

$2,000,000

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

Pros and cons

Pros

  • One rate for everyone. Everyone approved gets 9.09%, so the rate you see is the rate you get.
  • No early repayment fee listed. You can pay the loan off early, or refinance, without a penalty. Check the terms to be sure.

Cons

  • 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.