Understanding Business Loan Terminology Loan Amount Use the calculator to determine if you can afford the business loan you’re considering, or if you might need to find a less expensive option. Next, click submit to see your estimated monthly payment and total interest paid over the life of the loan. To use this business loan calculator, type in the amount you’ll need to borrow, the interest rate and the term (in months). Our straightforward business loan calculator can help you estimate your monthly payments and help you make smart business decisions. Business loans come with various annual percentage rates (APRs), loan amounts and terms, which together result in different sized monthly payments.Ĭomparing these rates and terms can be a lot to sort through, especially if it’s complex to crunch the numbers. The Target Market Determination are also available. Copies of historical TMDs for credit card products can be obtained by calling 13 11 55.A business loan provides necessary financing business owners can use for everyday operations, working capital, purchasing equipment or inventory and paying other debts. Please read the relevant Product Disclosure Statements before you make any decision regarding these products. Any advice has been prepared without taking into account your particular objectives, financial situation or needs, so you should consider whether it is appropriate for you before acting on it. Suncorp Bank is only liable for the banking products or services it provides and not the products and services of the other companies in the Suncorp Group. Products and services including banking and insurance (including home and car insurance) are provided by separate companies in the Suncorp Group. See our Cookie and Data Policy. This policy provides information about how Suncorp collects and uses data related to your online activity, and how you can choose to remain anonymous. We use cookies and other related technologies to improve and tailor your website experience. Please ensure that you read these before accessing the site. In accessing Suncorp's site you agree to our Online Terms & Privacy Statement. Registered office: Level 23, 80 Ann Street, Brisbane QLD 4000. © Copyright Suncorp-Metway Ltd ABN 66 010 831 722 AFSL No 229882 Australian Credit Licence 229882 (“Suncorp Bank”). Further discounts or margins may apply based on LVR. The interest rate offered by Suncorp Bank on the date of loan settlement will apply. LVR is the amount of the loan compared to Suncorp Bank’s valuation of property offered to secure the loan as a percentage. For loans secured by residential property with a LVR of over 80%, or for loans secured by commercial property with a LVR of over 70%, a margin will be added to your interest rate. ~ LVR stands for loan to value ratio at loan approval. Terms and conditions apply.ġ Customers will need to register for the Online Cashback to withdraw their available Cashback via their Internet Banking and the Suncorp App. Offset feature is only available on a variable loan. Offset is only available on lending where security is acceptable to the Bank. #One offset facility available per group of related borrowers. Suncorp Bank will not guarantee or otherwise support NAB's obligations under the contracts or agreements connected with the Credit Cards (other than those relating to Suncorp Internet Banking and Suncorp Telephone Banking). NAB has acquired the business relating to this credit from Citigroup Pty Ltd (ABN 88 004 325 080, AFSL and Australian Credit Licence 238098) (“Citi”) and has appointed Citi to assist to administer the Credit Cards. Suncorp-Metway Ltd ABN 66 010 831 722 (“Suncorp Bank”) promotes and distributes Suncorp Clear Options Credit Cards on NAB's behalf under an agreement with NAB. National Australia Bank Limited (ABN 12 004 044 937, AFSL and Australian Credit Licence 230686) (“NAB”) is the credit provider and issuer of Suncorp Clear Options Credit Cards. Fees, charges, terms and conditions apply and are available on request. Further discounts or margins may apply based on LVR.īusiness Lending Products are issued by Suncorp-Metway Ltd ABN 66 010 831 722 Australian Credit Licence number 229882 (“Suncorp Bank”). For variable loans secured by commercial property with an LVR of 70%, an additional margin of 0.50% p.a. Current Special Offer applies to variable loans secured by residential property with an LVR of 80%.
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