Macquarie Fully Drawn Advance
Term loan
Financing solution for investment and business growth.
- Establishment fee
- Not published
- Monthly fee
- Not published
- Borrow
- From $1,000,000
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
- From $1,000,000
- Loan term
- Up to 5 years
- 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.
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.
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.