Small Business Finance Fees and Charges

Transcription

1 Small Business Finance s and Charges September 2002

2 Small Business Finance Loan Approval Loan Administration Charge The Loan Administration Charge is payable in arrears., ANZ Business Loan (formerly known as the Fully Drawn Advance ), ANZ Franchise Loan, ANZ Business Mortgage Loan, ANZ Structured Business (or Farm) Finance, ANZ Commercial Bills, and Indemnities/Bank Guarantees (IGs). This fee is based on the amount of the business lending facility approved by ANZ at the time the application is made: > For a new facility or an increase to an existing facility amount. > To convert an existing facility to another lending facility. > To change the security provided for a facility (at the customer s request). > To vary the term of a facility or to switch from a variable to a fixed rate or vice versa. Subject to negotiation and will be detailed in any subsequent Letter of Offer. ANZ Business Money Saver Residential Investment Loan and ANZ Business Saver Loan. Business Residential Investment Loans (Variable Rate, Fixed Rate, and Interest-in-Advance) ANZ Home Loan (in a Company Name), and ANZ Home Equity Loan (in a Company Name). ANZ Business Loan (formerly known as the Fully Drawn Advance ) and ANZ Franchise Loan. > Loan Approval up to $50,000 > Loan Approval over $50,000 $20 per month No fee applies $100 per $ per ANZ Business Residential Investment Loan, ANZ Business Money Saver Residential Investment Loan, ANZ Business Saver, ANZ Home Equity Loan (in a Company Name), ANZ Home Loan (in a Company Name). Regardless of amount of facility, this fee covers security document preparation, application and loan establishment costs. ANZ Business Mortgage Loan Credit Facility The Credit Facility is payable in arrears. $30 per month Temporary Overdraft Increase > Up to $19,999 > $20,000 to $49,999 > $50,000 and above ANZ Business Credit Facility ANZ Business Cheque Plus $100 $200 $100 > Limit less than $50,000 > Limit of $50,000 - $1,999,999 > Limit of $2,000,000 and above $100 per $ per Price on application ANZ Business Credit Line ANZ Business Credit Facility ANZ Business Cheque Plus $50 per month $30 per ANZ Business Credit Line $35 per Indemnities/Bank Guarantees (IGs) > Limit less than or equal to $10,000 > Limit greater than $10,000 (fee is charged yearly in advance) $250 pa price on application

3 Renegotiation Handling ANZ Structured Business Finance / Commercial Bill $125 per rollover ANZ Business Residential Investment Loan, ANZ Business Money Saver Residential Investment Loan, ANZ Business Saver, ANZ Home Equity Loan (in a Company Name), ANZ Home Loan (in a Company Name). > If no change to loan term, amount or security, and not changing to Interest-Only repayments. > If changing loan term, amount, security or changing to Interest-Only repayments. ANZ Business Loan (formerly known as the Fully Drawn Advance ), ANZ Business Mortgage Loan, and ANZ Franchise Loan. Renewal of a fixed rate term (no change to security). This fee is charged at the time a fixed rate loan is renewed for a further fixed rate term, and the ability to renew a further fixed rate term was not incorporated into the current letter of offer. $400 Locked Rate ANZ Fixed Rate Loans This fee is payable, at application, to lock in the interest rate current at the time of application for a loan which is to be drawn down up to 60 days in the future. This feature is available on ANZ Fixed Rate Business Mortgage Loans, ANZ Fixed Rate Home Loans (in a Company Name), and ANZ Fixed Rate Business Residential Investment Loans. No Loan Approval applies to loans where a Locked Rate is paid. No discounts are permitted. Refunds are not available unless the loan is not approved by ANZ. This facility is only available on loans up to,000 and fixed rate terms of up to 5 years. The percentage value is variable and is available on application. plus a % of the loan amount Other s, Margins, s Volume Margin ANZ Structured Business Finance (SBF) / Commercial Bill (CB) Up to 1.25% of SBF or CB face value, Rate, or Margin Late Payment Loan Type Charged monthly where the whole or any part of the loan repayment has been unpaid for 30 days or more. When this fee is charged it must be paid immediately along with the outstanding repayment. $30 Overdraft Debit interest on Overdrafts (ie. business cheque accounts with a credit limit) is charged on the Overdraft balance at ANZ s Retail or Business Mortgage Index Rate published weekly in The Australian Financial Review, plus a margin of up to 4.75% pa. ANZ Retail Index Rate or Business Mortgage Index Rate plus a margin Early Repayment Administration Applicable to all ANZ fixed rate loans or other ANZ loans during a fixed rate period. Only applies to loan agreements made on or after 1 November May apply if you fully or partially repay your loan. Overdraft Excess Debit interest on overdrawn accounts (with a credit limit) applies to the amount exceeding the approved overdraft limit only and is charged at the Overdraft plus 4% pa. Overdraft plus 4% pa. Establishment Credit Risk Margin Esanda Finance This fee applies to all contracts irrespective of the amount financed and the customer s current Esanda borrowings. ANZ Structured Business Finance (SBF) / Commercial Bill (CB) $250 min A % of the SBF or CB face value Maximum Rate Letter by the Bank undertaking to issue a Guarantee ANZ Structured Business Finance / Commercial Bill Indemnities / Bank Guarantees. A charge added to the yield rate $50 min

4 Loan Securities Transaction fees associated with ANZ Business Credit Facility Free collections A collection is a cheque or merchant summary slip deposited to your account Free transactions # A transaction is any deposit, or withdrawal, or transfer Additional Transactions/Collections Formerly known as Excess Transactions/Collections 15 per month 13 per month of which 3 can be withdrawals $5 Type Lodgement > Registration Charge for lodgement for registration of ANZ Mortgages, Discharges of Mortgage, Transfers of Land, Assignment or Re-Assignment of Life Policies and other documents. > Original registration by ANZ With or without notice of intention to register > Re-registration of a Bill of Sale Charge for lodgement for registration of Bills of Sale, Crop Liens and Stock Mortgages (per process) # Bank fees, Government charges, periodical payments, direct debits, balance enquiries and transactions at non-anz ATMs are not counted towards the free transaction limit. For transactions at non-anz ATMs in Australia a $1.50 fee applies for withdrawals and a $1.25 fee applies for enquiries. Transaction fees associated with ANZ Home Equity Loan (in a Company Name) Production Production of Certificate of Title and/or other security documents. Settlement Sale surrendering documents and receiving money; or Purchase payment of money upon receipt of documents $85 (per process) $150 Free transactionsˆ A transaction is any customer initiated withdrawal. Excess transactions A transaction is any deposit, or withdrawal, or transfer 3 per month ˆ Deposits, Bank s and Government charges are not counted towards the free transaction limit. $5 Search Search of government records eg. Bills of Sale, Business names, Certificates of Title, Powers of Attorney, Register of Companies. Document Preparation > Mortgage over Property, Lien over Shares, Charge over Term Deposit, Cross Guarantee. > Mortgage Debenture Charge applies for each of the above security documents prepared by ANZ. eg where two Mortgages over Property are prepared, the total Document Preparation is $400. $50 (per search) $200 $250 Preparation and/or Execution > Preparation and/or Execution of Discharge of Mortgage. > Preparation and/or Execution of Consent to Lease and Deed of Priority. Other Services If ANZ deals with, varies or supplements its security documentation to comply with your requirements, ANZ may charge a fee. An estimate of the fee can be provided once your specific requirements have been ascertained.

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