Loans & Finance
Business
Flexi
NBS clients - Trevor and Mike – The Copier Company
How a Business Flexi Loan works
A maximum credit limit is applied to your Business Flexi Loan (based on NBS Lending Criteria) that you can repay, redraw or reduce at a pace that suits your needs.
All borrowings are set at the NBS’ current variable interest rate and calculated daily (debited monthly). With a variable rate the interest charged on your Business Flexi Loan can go up or down, depending on market changes.
You also have the flexibility to increase repayments whenever you like, or to make lump sum payments.
Talk to one of our Lending Specialists today.
Rates & Fees
| NBS Business Lending Rates | |
|---|---|
| Fixed interest rates start from | 4.45% p.a. |
| Variable and Flexi interest rates start from | 5.45% p.a. |
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Interest rates are subject to change.
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| NBS Flexi Loan Fees | |
|---|---|
| Monthly base fee | $15.00 |
| NBS Mobile and Internet Banking internal transfer fees | $0.20 |
| EFTPOS withdrawal | $0.50 |
| Other Bank ATM Transaction fees | $1.50 |
| Manual Transactions: Include cheque and staff assisted branch transactions and Internet assisted transactions | $0.50 |
| Establishment Fee | 1.00% (minimum charge $500) |
| Documentation Fee for Limit Increase | 1.00% of increase limit (minimum charge $250) |
| Discharge Mortgage Fee | $130.00 |
| Default Interest Rate | 10.00%p.a. above annual interest rate |
| Default Administration Fee | $25.00 |
| Unarranged Excess Fee | $25.00 |
| Dishonour Fee | $30.00 |
| Insurance Arrears Payment Fee | $15.00 |
| Motor Vehicle Security Variation/Security Swap Fee | $30.00 |
| Duplicate Statement Fee | $15.00 |
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Fees are subject to change.
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Terms and Conditions
All lending is subject to NBS lending criteria, as well as the terms and conditions for each specific product. These are available free of charge from any NBS branch. Establishment fees and NBS service fees may also apply.
This facility is periodically reviewed and you may be required to provide an updated valuation and income verification.