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A National Australia Bank Market Rate Facility is suited to businesses that need a capital injection to fund business growth and want a flexible loan, which gives them control over interest rate pricing periods and the option to make principal repayments.
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What is it?
A loan facility that gives you the ability to fix and reset competitive interest rates for fixed periods throughout the life of your business loan. You can also make principal1 repayments at the end of each pricing period which gives you control and allows you to manage your loan in a way that best matches your financial situation.
Benefits you can enjoy
- Tailoring - you can select from a range of pricing periods, giving you more control over the interest rate you pay, and how often the interest rate is reset.
- Flexibility - you have the option of making principal repayments through the term of the facility or make interest only payments during the term of the facility and pay the full principal amount at the end. You can also capitalise interest (up to the approved loan amount) and pay the full principal and interest amount at the end.
- Simplicity - multiple loans in the same currency can be opened under one master facility currency limit.
- Frees up your cash flow - interest is only paid at the end of each pricing period.
- Saves Time - automated repricing means you don't have to contact us prior to each pricing period, unless you wish to change your existing pricing instructions.
- Multi Currency option - Facility can be approved in SGD, AUD, USD, CAD, JPY, EURO, CHF, GBP, HKD and NZD.
Features at a glance
- Fixed rate pricing periods of monthly, quarterly and half-yearly.
- Interest paid in arrears at the end of the pricing period.
- Automated repricing.
- Flexible principal repayment options available.
1Principle repayments can be scheduled and contracted or made on the last day of a fixed rate pricing period.
Principle repayments made in accordance with contracted repayment schedules or on the last day of a fixed rate pricing period can be made without incurring any costs, otherwise break cost administration fees and break costs may be payable.
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Important Facts
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Interest rate
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Available on application |
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Interest type
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Fixed rate pricing periods are applied to this facility |
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How is interest calculated
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Interest is calculated daily and charged on the last day of the pricing period. |
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Minimum term
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3 months |
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Maximum term
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15 years - suject to annual review |
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Minimum facility limit
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$500,000 |
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Maximum facility limit
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Unlimited |
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Repayments
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Interest Only. The borrower has the ability to make ad-hoc principal repayments on the last day of the pricing period if desired. The borrower can also have contracted/scheduled principal repayments if desired.
The facility is repayable in full at the end of the facility term.
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Additional information
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Singapore Currency Facilities - a National Australia Bank Current Account is required.
Foreign Currency Facilities - a National Australia Bank Call Account in the applicable foreign currency is also required. |
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Terms and Conditions
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National Australia Bank's usual lending criteria applies. Terms and Conditions available on request. Fees and charges payable. Facility limit can be reduced or cancelled by you or us at any time |
where to from here?
If you have more questions or need further assistance, contact your National Australia Bank Relationship Partner or call (65) 6419 6875.
Important information - Foreign currency loans may be subject to foreign currency fluctuations which may affect your costs in local currency terms. Exchange controls may also be applicable to the foreign currencies. Adverse exchange rate movement may result in capital losses in local currency terms.
The information is current as at December 2008 and is subject to change The information does not purport to be a complete description of the product, is of a general nature only and should not be relied upon in making any decision. The product is only available to approved business customers. © National Australia Bank Limited ABN 12 004 044 937 (incorporated in Australia) UEN S81FC2979B.
National Australia Bank Limited, Singapore. UEN. S81FC2979B.
National Australia Bank Limited ABN 12 004 044 937 is incorporated in Australia.
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