Questions? We have answers
Below are answers to some frequently asked questions about Business loans.
- How much control will I have over my repayments?
- All businesses go through ups and downs, and we want to support you through both. If you wish to make changes to your repayments, get in touch with your Relationship Manager who can assess your eligibility and provide you with options.
- What is the impact of choosing a loan with a longer term?
- A longer loan term means smaller monthly repayments, but the total interest will increase as you will pay interest for a longer period of time.
- Can I consolidate a Heartland Business Loan with a loan from another bank?
- Yes, if you meet our criteria to refinance.
- What is the interest rate for Heartland Business Loan?
- Interest rates start from 12.00% p.a.
- Is there a minimum loan amount?
- The minimum loan amount is $10,000.
- Can I take out a loan if I don’t bank with Heartland?
- Yes, you do not need to be an existing Heartland customer to apply for a business loan.
- How are my goods paid for once my loan has been approved?
- Once all documentation is finalised, our team will work with you to organise paying your invoices on an agreed date.
