Finty
Queensland Country Bank

Queensland Country Bank Specialised Variable

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

6.49%

interest rate a year, from

Establishment fee
$150
Monthly fee
Not published
Borrow
From $10,000

Loan details

Rates

Interest rate (a year)
6.49%–8.99%
Rate type
Variable
Security
Not published
Type of finance
Term loan

Limits and fees

Loan amount
From $10,000
Loan term
Not published
Establishment fee
$150
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

$3,624

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

Setup fee

$150

A typical setup fee is $26.

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 6.49% to 8.99%, and only some people get the starting rate.
  • A variable rate. Your repayments can rise if the lender lifts its rate, though they can also fall.
  • 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.