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As your customer’s business grows and opportunities arise, St.George can deliver finance solutions, rather than simply handing your customer an off-the-shelf package.

Whether your customer is looking to restructure or expand their business, overhaul the way they manage their cash flow, or they simply need a hand managing their debtors, our Relationship Managers work to add genuine value to their business.

A fixed rate loan is a way for your customers to obtain finance for their business, with the added security of always knowing what their repayments will be. It makes budgeting simpler, because cash flow forecasting and planning can be completed without the added pressure of managing fluctuations in the interest rate.

You can use your customer’s residential property as security and access lower interest rates.

A fixed rate loan can be structured on an interest only basis or principal and interest fully amortising basis. 

Benefits at a glance

  • Various repayment options including paying interest in advance
  • Interest rate and repayments fixed for the term of the loan period, eliminating the risk of interest rate volatility during that period.
  • A range of security options are available
  • A fixed rate loan can be structured on an interest only basis or principal and interest fully amortising basis. 

If your customers are looking for a flexible interest rate option, then a variable rate loan could be just the answer. That's because your customers can make additional repayments without incurring penalties.

You can use your customer’s residential property as security and access lower interest rates.

A variable rate loan can be structured on an interest only basis or principal and interest fully amortising basis. 

Benefits at a glance

  • Flexible repayment terms
  • Interest rates aligned to market movement
  • Make additional repayments, without incurring penalties
  • A range of security options are available

The St.George Business Maximiser is the line of credit that works with your customers, to help them get ahead. One of the advantages is that they can pay off their business debt faster.

Even when they’ve paid off their loan, it will keep on working as a flexible credit limit that they can use to take advantage of any other opportunities that might arise.

Your customers can make day-to-day transactions, as well as borrow money for business all from the same account. By using residential property as security, the Business Maximiser allows your customer to borrow money at competitive rates.

Your customer can use the Business Maximiser for their banking, with no fixed monthly repayments required.

Benefits at a glance

  • Combine working accounts and loan accounts into one
  • Deposit income directly into the account
  • Keep their credit limit open
  • No fees for the first fifteen transactions a month
  • Access funds in a variety of ways including cheque, online, telephone banking or in branch
  • Link their account to Business Banking Online for access 24 hours, 7 days a week1
  • Variable interest rate

A Bank Bill is an unconditional written order by one party addressed to a Bank to pay a fixed sum - the bill's face value - at a fixed time to the Bank. A Bank Bill is a bill of exchange.

Under a  Bill Acceptance / Discount facility St.George will discount bills and provide the discounted funds on drawdown. On maturity the customer indemnifies St.George for the full face value.

Bank Bill facilities are generally provided for a set term. The term of the Bill will be renegotiated by drawing a fresh Bank Bill for an agreed number of days at each rollover.

St.George provides four facility options that offer a range of strategies for managing interest rate risk. 

Floating rate bills

The interest rate at which a Floating Rate Bill is discounted is determined by Financial Markets on a daily basis. This Bank Bill facility is offered for terms of up to 185 days. If the current bill is to be rolled, there would be negotiation of the interest rate, which will be applied to the new bill, effective from the commencement date of that new bill.

It is possible that the interest rate may differ on each rollover, depending on the market rate at the time.

Fixed rate bills

With Fixed Rate Bills your customer will have the reassurance of an interest rate that is fixed for a specified time. Terms are available for any period from 1 Year.

When negotiating the interest rate, a range of options are available to provide true flexibility. These options include principal reductions, progressive draw-downs and forward starts.

If the customer wishes to terminate the Fixed Rate Bill facility prior to maturity, a break cost may be payable. While the interest rate is fixed for your nominated term, rollover of the bills can occur - usually on a monthly, quarterly or semi-annual basis- when interest payments are required.

Collared rate bills

To reduce the cost of establishing an interest rate cap, your customer may be willing to forego some of the benefit that can be gained from a falling interest rate. With a Collared Rate Bill structure, both a cap and a floor are established simultaneously. This may be the preferred option for customers who are seeking protection from rates rising above a certain level while believing that interest rates will not fall below a certain level.

The interest rate cap limits the interest rate to be paid in a rising interest rate market, while at the same time allowing the customer to benefit from falling interest rates down to the level of the interest rate floor. If the floating bill rate is below the floor level at rollover, the customer will pay the floor rate.

Costs of establishing a Collared Rate Bill structure depend primarily on the levels of the cap and floor that are chosen. It is possible to arrange the interest rate collar for zero cost.

Like Fixed Rate Bills, Collared Rate Bills are also potentially subject to break costs if the customer wishes to terminate the facility prior to maturity.

Capped rate bills

While customers utilising Floating Bill facilities face exposure to short term interest rate movements, a Capped Bill facility can provide a limit to the interest rate paid. In exchange for this protection the customer pays a premium to the Bank.

The premium for the purchase of the interest rate cap is determined by a number of factors including, the size of the loan, the length of the term to maturity and the proximity of the capped rate to the current rate at which they could otherwise borrow.

As demonstrated in the following example, a Capped Rate Bill provides protection from increasing interest rates, while at the same time giving the customer the opportunity to participate in interest rate falls. In the event that the floating bill rate is trading below the capped rate at the time of rolling the bill, the customer will only pay the lower floating bill rate.

Fluctuating cash flows can make it difficult to manage everyday expenses. An overdraft gives your customer the flexibility to draw extra money when they need it.

Our Commercial Overdraft is an everyday business transaction account with an approved facility limit that allows fully-fluctuating balances within this limit.

With an approved credit limit, an overdraft can put your customer in the driving seat to manage fluctuating cash flows and help in a variety of common business situations.

A Commercial Overdraft can generally be secured by a mortgage over residential or commercial security and in some cases, other supporting security. 

Benefits at a glance

  • Reduce timing differences between payment of creditors and receipt of money from the borrower’s debtors
  • Pay interest only on the funds withdrawn
  • Variable interest rate
  • Fluctuating balance with no set repayments
  • Access funds in a variety of ways including cheque, online, telephone banking or via a branch

Important information

1. Subject to systems maintenance and availability.

Finance offered by St.George – A Division of Westpac Banking Corporation ABN 33 007 457 141 AFSL and Australian credit licence 233714. Eligibility criteria applies. Credit criteria, fees, charges, terms and conditions apply and are available on request. Please speak to your business finance specialist to find out more.

The information on our website is prepared without knowing your personal financial circumstances. Before you act on this, please consider if it's right for you.

Before making a decision, it's best to read the terms and conditions which are available on application. The information on our website is prepared without knowing your personal financial circumstances. Before you act on this, please consider if it's right for you.