Southern Cross Credit UnionBusiness Loan

BUSINESS LOAN

Offered by Southern Cross Credit Union

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Key Product Facts

Product type

Business Loan

Indicative rate

6.33%

Product overview

A Secured Business Loan to start, buy or grow a business. Variable and fixed rate options available

Is this product competitive?

There is no single rate or fee that determines whether a financial product is suitable or competitive for everyone. Consider the advertised rate, comparison rate, fees, term, product purpose and eligibility requirements together.

Advertised rate

6.33%

Comparison rate

N/A

Compare similar business loans

How much would $50,000 cost?

Example repayments based on borrowing $50,000 at the displayed primary rate over the product's available maximum term.

Example amount

$50,000

Estimated repayment

$974.33/ month

Example term

5 years

Illustration only: this calculation assumes a constant rate and regular monthly principal-and-interest repayments. It does not include all fees, charges, insurance or other costs, and the actual repayment offered by the provider may differ.
Estimated total repayments

$58,459.86

Estimated interest

$8,459.86

Key product details

Category
Business Loans
Subcategory
Business Loan
Purpose
INVESTMENT
Repayment type
INTEREST_ONLY