In some cases, yes. This will depend on the type of loan, equities in your home to support the loan, and your business plan.
You have 60 days from the start of the loan (date of the loan documentation) to draw down your loan. After you have returned the loan documentation with your signature, they’ll place the funds into the ASB account of your choosing.
Generally, you’ll be paying for a loan approval fee that’s 1% of the loan amount with a minimum fee of $25, and early repayment fee of $20 (if applicable), and account and service fees and charges. On top of these fees are Business and Rural variable base rates such as a business base rate of 9.13% p.a., rural base rate of 5.93% p.a., floating base rate of 1.74% p.a., and corporate indicator rate of 3.33% p.a..
Sign up didn't go quite the way it was meant to. But Kate called and she walked through everything so we could work out what went wrong. she was patient, friendly, supportive and kept me calm to finally get plan registration sorted ( still can't log in though - she must be magic )
Found it really easy to find what i needed and also got a call regarding what deals might be best suited etc. Saves a lot of time. Highly reccommend glimp
I’ve just had a great experience with Kurt from glimp compare. He helped me through the process from the time I clicked onto the website, via the chat function. Long story short I have signed up to a new power and broadband provider with significant cost savings. There was no pressure at any stage, just respectful guidance and facilitation to initiate the new supply.
Good options, but ideally an option to combine & compare cost for best mobile + broadband option would be nice.
Easy site to navigate. Gave me great options that suit my household including reputable providers I wasn't familiar with.