Business Advantage Line of Credit
Credit up to an approved limit that’s ready when you are.
- Available 24/7 through online and electronic channels
- Use as much as you need up to your approved limit
- No fixed term to interrupt business plans
- Tailor repayments to suit your cash flow
More detail
24-hour access for easy business money management1
Your Business Advantage line of credit2 can be accessed through internet banking, PC Business Banking, telephone banking, cheques, direct debits, automatic payments, EFTPOS and ATMs.
Withdraw up to your pre-approved limit
Use your line of credit as needed, up to your pre-approved limit. The minimum limit is $20,000. Business Advantage line of credit is only available to business customers.
No fixed term
Unlike a term loan, you don’t have to repay a line of credit by a certain time. It continues to provide ongoing financial backup for your business3 and is reviewed annually.
Repayment flexibility
You can repay your line of credit as and when you like, which can help to reduce interest charges. This flexibility lets you tailor repayments to reflect your business earnings and expenditure each month. There is no penalty fee for lump sum repayments.
