Personal Loans

Latest Offers: Business Loan - Citibank Business Credit

In business cash flow is critical. Often businesses have much more owing to them than they have to pay out but it's all about timing. Rather than stress out over bills, wouldn't it be nice to now that you have a Credit Line of up to $50,000 as and when you need it?

Key Features for Citibank Business Loan:

Flexibility of a card for ATM withdrawals or retail transactions AND a cheque book where cards are not accepted
Low ongoing rate of 14.99% p.a.(3) on everyday purchases and cash advances for business or investment purposes only
Withdraw any amount you choose within the approved limit
No local ATM/ EFTPOS transaction fees or cash advance fees#
Low annual fee of $125
Low one time establishment fee of $199
Limits of $5,000 to $50,000(1)
Interest is charged only on the outstanding balance

Terms & Conditions

Existing customers are not eligible for this offer. Applications may not be accepted if you have been approved for another Citibank offer in the last 9 months. Allow up to 10 working days to process your application. To process your application, Citibank will need to verify your identity and income. To verify your identity we will ask you to confirm details provided on your application. Please provide a contact telephone number that will be easy for us to contact you. Please notify your payroll department or accountant (if self employed) to ensure that they are willing to confirm your income details.
1 The credit line of $5,000 to $50,000 is subject to Citibank credit criteria.
2 Application must be a sole trader/sole proprietor to be able to combine their business and personal income to service the application and access higher credit limits.
3 Interest rate is 14.99% p.a. This interest rate is variable and subject to change. Terms and conditions apply and are available on request. Other fees and charges may apply.
# Currency conversion fees applies to transactions made in a foreign currency. Other service fees and charges including late payment fee and dishonour fee may apply.

Uses of Business Credit

Business Credit is a flexible and convenient way to manage your cash flow with ease. Business Credit represents a long-term finance solution to help you to effectively manage your day-to-day cash flow needs. You can use Business Credit again and again and you pay only for what you use. Business Credit can be used just like a credit card or cheque account.

What can I use Business Credit for?

For business or investment purposes only - the intended use of your Business Credit account must be for business or investment purposes only.

Smooth normal seasonal fluctuations in your business cycle - Business Credit can act as a convenient, low cost finance tool to smooth the troughs of your regular business cycle.

Manage temporary cash flow shortages - if your vendors, people and debtors all have to be paid in the same week and you are still awaiting payment from your customers, Business Credit offers peace of mind by helping you to cover temporary cash flow shortages.

Fund increases in current assets (i.e. stock, debtors, etc) or the payment of peak or unexpected operating expenses - use Business Credit to capitalise on investment opportunities or fund increases to your current assets.

Write cheques where only cheques are accepted - use your Business Credit cheque book to pay for items where cards are not accepted.

Use as a safety net in the event of an unlikely emergency - no matter how diligent your planning or how thorough your management of your business, emergency situation can and will happen. In an emergency, your Business Credit account can help you to cover unforeseen expenses.

Home Credit Cards Home Loans Personal Loans Bank Accounts FX Trading Insurance	Articles Legal Notice Sitemap Contact Links Credit Cards Personal Loans
© 2005-2008 Bemoney Trust Reasonable efforts are made to maintain accurate information. However, information is presented without warranty. When you click on the "apply online" link you will have an opportunity to review the credit terms and conditions on the issuer's web site.

Flexible Business Loan - with Australia's self-employed in mind.
Business Credit gives you a low ongoing rate on purchases and cash advances with borrowing up to $50,000.