Business Account
Our Business Transaction Account is ideal for small businesses, and suited to the everyday to help keep your business running. Discover more and apply here.
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Interest only repayments
Yes
Business lending
Residential lending rates
Our Business Loan offers you an interest only business loan option at low residential lending rates.
Product Name |
Rate
(Variable) |
Comparison Rate |
---|---|---|
Business Loan | 8.52% p.a. | n/a |
Credit products issued by Police & Nurses Limited (P&N Bank) ABN 69 087 651 876 AFSL/Australian Credit Licence 240701. Lending criteria, terms & conditions, fees & charges apply. Rates subject to change. Target Market Determinations (TMDs) are available for products.
Comparison rate calculated on a loan amount of $150,000 over a term of 25 years based on monthly repayments. For variable Interest Only loans, comparison rates are based on an initial 3 year Interest Only period. For fixed Interest Only loans, comparison rates are based on an initial Interest Only period equal in length to the fixed period. During an Interest Only period, your Interest Only payments will not reduce your loan balance. This may mean you pay more interest over the life of the loan.
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.
Monthly maintenance fee | $8 |
Establishment fee (includes one valuation) | |
All properties | 0.6% of loan amount (minimum $650) |
Switch Fee | $300 |
Other fees & charges that apply to all of our accounts can be found on our fees and charges page.
Disclaimer
Other fees & charges that apply to all of our accounts can be found on our fees and charges page.
To use this website you are required to read the Credit Guide (which you agree to be provided by accessing this link). Lending criteria applies. Terms and conditions apply and are available on request. Rates stated are subject to change without notice. Fees and charges are payable.
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