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ANZ Commercial Bill

A Short or Long-term Answer for Major Cash Needs.

Often the ideal option for short or long-term financing, Commercial Bills can be an excellent answer when you need a significant injection of cash – above $100,000. Normal terms are from seven to 180 days with a variable or fixed interest rate.

With fixed rate bills, your interest rate remains constant for the term of the facility, which may include several rollovers. With variable rate bills, the interest rate is fixed for each period. If the period is extended or rolled over, the interest rate may vary.

Your commitment is to repay the face value of the Bill at the end of the term of the loan agreement.

Borrowing via a Commercial Bill facility offers the flexibility to:

  • Adjust the principal amount borrowed each rollover (or interest payment period) in line with business cash flow requirements, within a specified limit.
  • Manage the associated interest rate risk by applying a Structured Business Finance solution to the Commercial Bill borrowings.

Standard Features

Purpose Short or long-term finance for any approved commercial or investment purpose.
Interest Rate Available on application.
Term Up to five years (longer terms available on application).
Interest Types Variable, fixed or maximum (capped) interest rate structures.
Minimum Amount $100,000 (higher amounts and reductions in multiples of $5,000).
Interest Frequency 30, 60, 90, 180 days (longer terms may be negotiated).
Repayment Frequency The face value of the Bill is repaid at the end of each rollover period.
Security Unsecured or secured by residential, rural or commercial property and/or business assets, or a combination of these.
Fees and Charges Fees and charges are payable.
Click here to refer to the ANZ Business Banking Finance Fees and Charges brochure for relevant details.

For further information phone us on 1800 801 485, 8am – 8pm AEST Monday to Friday.