Rates & fees guide
Compare current interest rates and fees for Business Overdraft, Asset Finance, Equipment Line and Term Loan. All rates and fees and the full cost of the facility are clearly communicated in the loan agreement.
Business Overdraft
Access funds when your business needs them. A Business Overdraft gives you ongoing access to working capital to manage cash flow, cover day-to-day expenses and act on opportunities with confidence.
Rates
Annual turnover | Corporate > $10m | Established business $5m - $10m | Established business $1.5m - $5m | Small business $250k - $1.5m |
Variable rate | 14.95% p.a. | 17.95% p.a. | 19.95% p.a. | Property owner 20.95% p.a. Non-property owner 24.95% |
Fees & charges
Limit | Annual fee |
|---|---|
Limits up to $100k | $495 |
Limits over $100k | $795 |
Equipment Line
A revolving facility enabling equipment, fitouts purchases and imports. You can access funds from an approved limit as needs arise, providing certainty for both current and future business investments.
Rates
Annual turnover | Corporate > $10m | Established business $1.5m - $10m | Small business $250k - $1.5m |
Fixed rate | 11.95% p.a. | 14.95% p.a. | 16.95% p.a. |
Fees & charges
Fee | Amount |
|---|---|
Early repayment | If you choose to repay your fixed-rate loan early, an early repayment amount will apply. This amount is calculated at the time of payout. |
Asset Finance
Purchase vehicles, machinery and equipment without paying the full cost upfront. Asset Finance is a convenient way for businesses to invest in the assets they need while preserving cash flow and supporting long-term growth.
Rates
Annual turnover | Corporate > $10m | Established business $1.5m - $10m | Small business $250k - $1.5m |
Fixed rate Property owner | From 7.95% p.a. | From 7.95% p.a. | From 7.95% p.a. |
Fixed rate Non-property owner | From 8.25% p.a. | From 8.95% p.a. | From 10.45% p.a. |
Fees & charges
Fee | Amount |
|---|---|
Establishment fee | $499 added to the loan |
Early repayment | If you choose to repay your fixed-rate loan early, an early repayment amount will apply. This amount is calculated at the time of payout. |
Term Loan
With a Term Loan, you can borrow from $500,000 to $2,000,000 Funds can be used for any business purpose including capital projects, expanding premises, building a second store or acquiring a larger warehouse.
Rates
Annual turnover | Corporate > $10m | Established business $1.5m - $10m | Established business $1.5m - $5m | Small business $250k - $1.5m |
Variable rate | 14.95% p.a. | 17.95% p.a. | 20.95% p.a. | 23.95% p.a. |
Fees & charges
Fee | Amount |
|---|---|
Establishment fee | 3% of the loan amount |
Account fees
Fee | Amount |
|---|---|
Dishonour payment fee | $25 in the event of a failed direct debit |
Dishonour payment fee | $5 in the event of a failed direct debit |
Need help?
Get in touch with us if you need help or have any questions regarding our products and fees. Simply email contact@shift.com.au or call 1300 249 649