With a Rural Bank Term Loan you can confidently make plans for growing your business, undertake investments and make capital improvements or property purchases knowing that you have ready access to the financial products and services needed to make it possible.
- Fixed for terms of 1 to 5 years
- Or tailor your loans with a combination of fixed and variable rate
- Minimum loan amount $50,000
- Must be predominantly for business purposes
- Interest in advance available on fixed rate term loans
- Choose between interest only or principal and interest repayments
- Structure repayment cycles to match your anticipated cash flows
- Switch from variable to fixed interest and vice versa during the term of the loan
- Make additional repayments, reducing your debt and interest expense ($10,000 limit applies to fixed rate loans)
- Redraw during a variable rate period without penalty (minimum amount applies)
Information is subject to change. All applications for loans or credit are subject to normal lending criteria. Terms, conditions, fees and charges may apply and are available by phoning our Customer Service Centre on 1300 660 115, online, or by visiting your local branch. Products are issued by Rural Bank Limited.