Finty
Queensland Country Bank

Queensland Country Bank Specialised Fixed

Term loan

Our Specialised Residential Loans are designed for purchase of residential property in company and company trustee entities, offering the flexibility and structure required to support tax-effective strategies and asset protection goals.

Written byDavid Boyd
Interest rate a year, from
6.49%
Establishment fee
$150
Monthly fee
Not published
Borrow
From $10,000

Monthly repayment

$100,000 over 3 years

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What it would cost

At the lowest published rate of 6.49%. The rate you are offered depends on your business, and the establishment fee is not included.

Monthly repayment
$3,064
Total repayments
$110,320
Interest
$10,320

Loan details

Rates

Interest rate (a year)
6.49%
Rate type
Fixed
Security
Not published
Type of finance
Term loan

Limits and fees

Loan amount
From $10,000
Loan term
1 year to 3 years
Establishment fee
$150
Monthly fee
Not published

How it compares

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

Setup fee

$150

A typical setup fee is $26.

Longest term

3 years

3 years is the usual longest term.

Pros and cons

Pros

  • One rate for everyone. Everyone approved gets 6.49%, so the rate you see is the rate you get.
  • A fixed rate. Your repayments stay the same for the whole loan, which makes it easier to budget.
  • 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

  • A $40 late payment fee. Setting up automatic repayments avoids it.

Similar loans

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