As one of Australia’s big four bank’s ANZ has been able to standout with their competitive products. They offer attractive rates and higher loan-to-value ratios for commercial loans secured by residential property. With a range of loan products available, this lender has become a staple source of financing for Australia’s small and mid-sized businesses. It has won several awards, including CANSTAR’s 5-star rating for Business Loans. ANZ offers low doc options, start-up financing, property development loans and more, all with a focus on today’s business customer needs. This means you can expect fast approval times, flexible repayment options and a forward-thinking perspective on the realities of starting and running a business today.
Competitive loans for both small and large businesses
Greater flexibility for qualified borrowers
Dedicated Relationship Managers for some products
Customer service not strong for smaller commercial loans
Strict lending criteria
Annual loan reviews for some products
A customisable option, with the award-winning ANZ Business Loan, you choose if your loan is secured or unsecured, fixed or variable rate, and if you’ll pay your interest in advance or in arrears. ANZ’s bundle option also makes this an attractive commercial financing product. For a set monthly fee, you can bundle your loan with your business credit card, savings account, merchant services and business overdraft protection. Borrow a minimum of $10,000.
With the ANZ Tailored Commercial Facility, qualified borrowers get maximum flexibility, giving you more control of your business finances. Tailor your loan type and choose the term for each type you want to use. This helps you to reduce your business’s risk to interest rate changes. With a dedicated point of contact with the bank, you can get in touch with your ANZ Relationship Manager or Market Advisor to discuss instant changes to your loan type and repayment option when your business circumstances change.
A supportive financing option for today’s agriculture businesses, ANZ Agri Finance offers flexible repayment options, including seasonal options and useful features that let you pay down your loan early or redraw on your extra repayments when you need the cash. This dynamic lending product was designed to make business growth more accessible to Australia’s agribusinesses, from start-ups to family-run farms. Borrow a minimum of $10,000.
For borrowers with a residential property as security, the ANZ Business Mortgage loan offers a low-cost option. It comes with a low rate and flexible repayment options. Choose from a fixed or variable interest rate. To save on the cost of the loan, you can link to your ANZ Business Mortgage Loan Offset Account. The minimum loan amount is $25,000.
To help you manage your business expenses with confidence and stay on top of your cash flow, ANZ Business Overdraft is a line of credit loan with flexible repayment options. You can withdraw the money you need to cover business expenses, drawing down from the money you deposit from your business. As a line of credit loan, there is no minimum or maximum term. To make managing your funds easy, the loan comes with an online transaction account.
When you need to purchase inventory, equipment or other capital, ANZ Commercial Bill Facilities lets you make your financing work for your needs. You can choose to secure your loan with different assets or opt for an unsecured loan. Tailor your repayment options to suit your business, whether you need principal or interest-only reduction, balloon repayments, seasonal or progressive draw-downs. For eligible business customers, you can even tailor your bill facility types, using Variable, Fixed, Capped, Range or a combination of two or more. Loan amounts start at $500,000 with a maximum term of five years.