A short or long-term answer for major cash needs
Often the ideal option for short or long-term financing, Commercial Bills can be an excellent answer when you need a significant injection of cash above $500,000. Normal terms are from one to six months for variable rate facilities and from one to five years for fixed rate facilities.
With fixed rate facilities, your interest rate remains constant for the term of each drawing, which may include several rollovers. With variable rate facilities, the interest rate is fixed for each bill but will vary at each rollover.
Your commitment is to repay the face value of each bill. If you roll the bill, you pay the difference between the face value and the discount amount of the new bill.
Borrowing via a commercial bill facility offers the flexibility to:
- adjust the principal amount borrowed each rollover (or interest payment period) in line with business cash flow requirements, within a specified limit
- manage the associated interest rate risk by applying a Tailored Business Facility solution to the Commercial Bill borrowings.
How to apply
For businesses with turnover $5M to $40M
1800 602 761 - 8am-8pm (AEST) weekdays
Contact your nearest Business Banker
For corporates & large corporates with turnover more than $40M
Email Corporate Banking
1300 883 798
Intl: +61 3 9601 1260
Short or long-term finance for any approved commercial or investment purpose.
For variable rate facilities the interest rate is a standard variable rate plus a margin. For fixed rate facilities the interest rate is confirmed at each drawdown.
Up to five years.
Variable or fixed with the ability to package a range of interest rate risk management products.
$500,000 (higher amounts and reductions in multiples of $5,000).
One, two, three, four, five or six months for variable rate facilities and three or six months for fixed rate facilities.
The face value of the Bill is repaid at the end of each rollover period.
Unsecured or secured by residential, rural or commercial property and/or business assets, or a combination of these.
Fees and charges
Fees and charges are payable.