BCU leads the way with business lending

BCU offers a range of competitively priced, flexible business finance options to help grow your business... whether for the purchase of an existing business, expansion, plant and machinery, purchase of premises or any worthwhile business need.

With a BCU business loan you have the choice of fixed or variable interest rate options with no ongoing fees and charges and no penalty for early payout or redraw.* Repayments can be tailored to suit your cashflow cycle with monthly, quarterly, 6 monthly or annual repayment options. And to help you manage your cashflow, BCU has overdraft and line of credit facilities.

Depending on the amount you borrow a discount may apply to the interest rate you are charged. Those on a Flexi-Rate Business Loan receive a discount of 0.4%pa off the standard variable rate while BCU members on a Premier Rate Business Loan receive a discount of up to 0.7%pa off the standard variable rate. Unlike many financial institutions, BCU doesn't charge you an annual fee for the privilege of receiving the discounted rate.

Overdraft

BCU's business overdraft gives you control of a fluctuating cash flow giving you a safety net that irons out the peaks and troughs to ensure you can cover your costs when times are slow. The overdraft is generally secured against property and can be established with access via cheque, direct credit, direct debit, internet and ATM making it a flexible option for businesses.

Line of credit

This internet-based product can be used in conjunction with an overdraft. It suits business members who have wildly fluctuating cah flows to provide funds to cover the lean times.

Features at a Glance

* Loans subject to assessment criteria. Fees and Charges may apply. Terms and Conditions available on request. Fees and charges may apply when re-financing. Penalty fees apply for early payout on a fixed rate loan