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Business Revolving Credit Plan

Business Revolving Credit Plan
Business Revolving Credit Plan

Business Revolving Credit Plan

Continued access to funds for working business capital


  • Re-use previously paid amounts on your originally approved credit limit

  • Fixed monthly repayments that are calculated up-front
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About the Business Revolving Credit Plan

The Business Revolving Credit Plan gives you immediate funds to help manage your month-to-month business cash-flow requirements. Your limit is restored on a rolling basis, to accommodate multiple business expenses. There is an equal monthly installment.

How it works
How it works

How it works

How it works

  • The approved loan amount is paid directly into your business account
  • Your monthly repayment is calculated over a pre-arranged period, with a minimum term of 60 Your monthly repayment terms can run for up to 60 months
  • You can reuse paid off funds, provided at least 15% of the approved loan amount has been paid back Reuse paid off funds if 15% of the balance has been paid back
  • When the prime interest rate goes down, your loan term reduces, and you pay it off faster When the interest rate goes down, your loan term reduces
  • When the prime interest rate goes up, your repayment stays the same and the loan term increases, allowing you to manage your business cash-flow When the interest rate goes up, your repayment stays the same
What you get
What it costs

What it costs

What it costs

  • The Revolving Credit Plan requires a minimum monthly repayment which includes the interest and capital Revolving credit requires a minimum monthly repayment
  • View account fees here

What this means for you

  • Use your revolving credit facility to cover your day-to-day financial obligations over the course of business projects Use your revolving credit facility to cover your day-to-day financial obligations
  • Subject to good payment history, your credit limit is automatically restored when 15% of the original loan amount has been repaid Subject to good payment history, your credit limit is automatically restored when 15% is repaid
  • No further credit approval is required to access the 15% of your account. It can be accessed through your internet banking No further credit approval is required to access the 15% of your account

Enquire about a Business Revolving Credit Plan

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