The rates outlined below are effective 01 March 2025. The following fees and charges may apply to all business loans.
These should be read in conjunction with the fees and charges specified for the product in your agreement schedule.
Administration charges
| Fee type | Fee amount |
|---|---|
| Establishment Fees | |
| Application Fee | Negotiated |
| Solicitor's Fee | At cost to BCU* |
| Valuation Fee | At cost to BCU* |
| Lenders Mortgage Insurance | At cost to BCU* |
| Production Fee For a Third Party to Produce a Document | At cost to BCU* |
| Bank Cheques | $0.00 |
| Title Search Administration Fee (per loan) | |
| Administration Fees (where applicable) | |
| Consent Fee | $200.00 |
| Construction Loan Drawdown Fee | $50.00 |
| Partial Security Release | At cost to BCU* |
| Transfer of Security | At cost to BCU* |
| Discharge of Mortgage | |
| Without settlement (per document) | $350.00 |
| With settlement (per document) | $395.00 |
| Withdrawal of Caveat | |
| Without settlement (per document) | $55.00 |
| With settlement (per document) | $160.00 |
General fees
| Fee type | Fee amount |
|---|---|
| Overlimit Management Fee If an overdraft or line of credit account exceeds the approved limit by more than $50 within the month. |
$10.00 |
| Late Payment Notification Fee When payment to a commercial loan becomes overdue by 11 and 30 days. |
$5.00 |
| Management Administration Fee When payment to a commercial loan becomes overdue by more than 90 days. |
$50.00 |
| Collection Agent Administration Fee Payable when you are in arrears for more than 90 days and we choose to engage an external collection agent. |
$100.00 |
Fixed rate loan fees
| Fee type | Fee amount |
|---|---|
| Rate Lock-in Fee When you elect to lock in a fixed interest rate for up to 90 days before funding to avoid any uncertainty with rate changes. |
$650.00 |
| Break Cost Fee May apply if the Fixed Rate Loan is not fully drawn, part of the loan is prepaid, or the product is switched prior to the fixed rate period ending. |
Calculated amount |
| Fixed Rate Adjustment Cost Fee May apply if the Fixed Rate Home Loan is paid out any time prior to the fixed rate period ending. |
Calculated amount |
Business overdraft facility management fee
Facility management fee charged half yearly on 30 June and 31 December, based on the facility limit.
| Fee type | Fee amount |
|---|---|
| Limit up to $20,000 |
$35.00 |
| Limit between $20,001 and $100,000 |
$125.00 |
| Limit between $100,001 and $300,000 |
$150.00 |
| Limit $300,001 and above |
$175.00 |
External dishonour fees
| Fee type | Fee amount |
|---|---|
| Direct debit | $6.00 |
Other fees
| Fee type | Fee amount |
|---|---|
| Manual trace | $40.00 |
| Statement Retrieval Fee Statement retrieval if more than 12 months old. |
$2.50 |
Government charges
State and federal governments apply various charges relating to the loan amount, security, purchase of property and property settlement, for example:
- Stamp duty
- Registration/discharge of securities
- Duty on duplicate documents
- Searches of land titles
Where applicable these fees and charges are payable by yourself in addition to those shown above.
Further details of applicable government charges are available upon request at any bcu branch or from your Relationship Manager.
Handy hint: You can print or save a copy of this document as a PDF using your browser print function.
Important information
BCU Bank can change the standard fees and charges that apply to loan accounts from time to time. Please refer to the terms of your credit contract.
* At cost to BCU refers to costs incurred by BCU Bank resulting from the provision of a product or service requested by the customer, which will be passed on to the customer.