Small Business Loan

This loan is a multi purpose business lending facility incorporating a combination of the features from a Business Loan and a Line of Credit.
This business facility incorporates an optional split for a revolving line of credit.

This credit facility provides both split loan and split revolving lines of credit capability, providing members with the option to separate business portions within the credit facility.

Please note that if the optional Line of Credit is applied for then a $750 application fee applies.

In addition to satisfying normal MCU credit guidelines, borrowers need to meet the following criteria:

• The property must be zoned "Residential" in some way, by their local authority (e.g. Rural Residential, Res A, Res B, Park Residential, etc).
• Amount up to 75% of the valuation of the security property.

Note: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

View full Schedule of Comparison Rates (pdf).

View Loan Fees and Charges (pdf).

Terms, conditions, fees and charges apply and are available on request. This offer is subject to change without notice.

Loans

• Business Loans
  • Small Business Loan
  • Overdraft
• Home Loans
• Car Loans
• Personal Loans
• Green Loans
• Top Up Loan