CreditPlus
Flexibility to purchase plant, vehicles and capital equipment.
- Flexibility to draw down funds at any time for any purpose
- Easy, instant access through internet and telephone banking
- No penalties for early partial or total repayment
- Reduce the interest you pay by only drawing down as you need it
More detail
Convenient credit when you need it
A revolving credit facility1 (minimum loan amount is $500,000) that’s secured against the value of your plant, vehicles and equipment2. CreditPlus is a quick and easy cash flow facility3 that allows you to draw down when you need it, and you don’t have to tell us how you’re using it.
Reducing your interest
Use your surplus cash to repay your loan over and above your monthly repayments which will reduce the amount of interest you pay. You have the flexibility to redraw these funds again as you need to.
Flexible repayments
Repayments (combined principal and interest) are made monthly by direct debit. You can make additional repayments of $1000 or more at any time. CreditPlus has no fixed term and there are no penalties for early partial or total repayment. The interest rate applicable to CreditPlus is reviewed quarterly, in line with the market.
Help with importing assets
If you’re buying plant or equipment from overseas, we can even help you bring it into the country, using the asset as security.
24-hour access
Credit Plus can be accessed through internet banking, PC Business Banking and telephone banking. Minimum drawdown is $1000.
No transaction fees
No fees are charged for drawdowns or repayments.
