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| General Details |
|---|
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Institution: |
Members Equity Bank
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Contact Number: |
13 15 63
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Product Name: |
Small Business Loan
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Apply: |
|
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| Product Details |
|---|
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Loan Type: |
Fully Drawn Advance
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Repayment Type: |
Interest Only OR Principal & Interest
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Security Type: |
Commercial
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Min Margin: |
-
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|
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Max Margin: |
-
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Interest Calculated: |
Daily
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Min Loan Amount: |
$100,000.00
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Max Loan Amount: |
$1,000,000.00
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|
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Min Loan Term: |
1
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Max Loan Term: |
15
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LVR: |
72
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Is LVR Negotiable: |
True
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Terms & Conditions Avail: |
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Overdraft Annual Review: |
|
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| Interest Rates |
|---|
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Variable Rate: |
7.49%
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Base Rate: |
-
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Default Rate: |
-
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1 Yr Fixed: |
-
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|
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2 Yr Fixed: |
-
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3 Yr Fixed: |
-
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|
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4 Yr Fixed: |
-
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5 Yr Fixed: |
-
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6 Yr Fixed: |
-
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7 Yr Fixed: |
-
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| Fees |
|---|
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Establishment Fee: |
0.2
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Line Fee: |
-
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|
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Valuation Fee: |
on app
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Legal Fee: |
on app
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|
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Limit Fee: |
-
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Unused Limit Fee: |
-
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|
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Drawdown Fee: |
-
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Overdraft Fee: |
-
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|
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Discharge Fee: |
-
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Over Limit Fee: |
-
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Temp Overdraft Fee: |
-
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Switching Fee: |
-
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Service Fee: |
-
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Service Fee Frequency: |
n/a
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Early Termination Fee: |
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Comments: |
application fee 0.2% min $500
Legal and valuation fees available upon application.
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| Access to Account |
|---|
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Redraw Avail: |
|
Redraw Fee: |
$20.00
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Cheque Access: |
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Cheque Fee: |
-
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Credit Card Access: |
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Credit Card Fee: |
-
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ATM Access: |
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ATM Fee: |
-
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EFTPOS Access: |
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EFTPOS Fee: |
-
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Phone Access: |
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Phone Fee: |
-
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Internet Access: |
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Internet Fee: |
-
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Business Card Avail: |
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Business Card Fee: |
-
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Other Access: |
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Other Fee: |
-
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