Macquarie Revolving Line of Credit
Line of credit
Redrawable short to medium term working capital for business activities.
- 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
- Line of credit
Limits and fees
- Loan amount
- From $1,000,000
- Loan term
- Up to 5 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.
- 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.