The short-term working capital solution that is more flexible than a term loan which could be more cost-effective than an overdraft.
Need to know
The ANZ Business Flexible Facility uses your home or other residential property as security. A first registered mortgage over the property is required.
The benefits of a revolving line of credit with the convenience of a current account. Access your account anytime, the way that suits you - online, over the phone, via EFTPOS, at ATMs or in person at your local branch.
Lower interest rates
Get lower interest rates than you would with unsecured business lending, because your credit is secured against your home or other residential property. Interest is only charged on the credit you use.
With no fixed or regular repayments, you can draw down, repay and redraw funds at any time, within your credit limit.
Rates and fees
Monthly account fee
No charge for automated— or manual— transactions
Monthly Overdraft Management fee
0.50% p.a. calculated and charged monthly as a percentage of the highest agreed flexi limit during that month (minimum $5 a month)
Cheque clearance fee – $0.25 per cheque deposited
Cash handling fee for deposits of $3,000 and over per business processing day – 0.25% of total cash deposited
Up to 1% of loan amount with a minimum of $250
Interest is calculated daily on the outstanding amount only. Floating interest rates apply
Maximum and minimum credit limits may apply in ANZ’s discretion