Questions? We have answers
Below are answers to some frequently asked questions about Business loans.
- How much control will I have over my repayments?
- If you wish to make changes to your repayment amount or frequency, you will need to get in touch with our team so we can assess your eligibility prior to any changes.
- What is the impact of choosing a loan with a longer term?
- Increasing your loan term will mean you make smaller repayment instalments, but your interest expense will increase, as you 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 eligibility criteria to refinance.
- What is the interest rate for Heartland Business Loan?
- Interest rates start from 11.99 % p.a.
- Is there a minimum or maximum loan amount?
- Yes. The minimum loan amount is $10,000 and the maximum loan amount $100,000.
- Can I take out a loan if I don’t bank with Heartland?
- Yes, you do not need to be an existing customer with Heartland to apply for a business loan.
- How do I receive my funds once my loan has been approved?
- Once all documentation is finalised, our team will work with you to organise funding for your business loan on an agreed date.
