Products & Services
ANZ Commercial Bills
A Short or Long Term Answer for Major Cash Needs.
At a Glance
| Purpose | Short or long-term finance for any approved commercial or investment purpose. |
| Interest Rate | Available on application. Contact a Manager for a quote. |
| 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). |
| Repayment Frequency | The face value of the Bill is repaid at the end of each rollover period. |
| Repayment Source | All payments are debited from a nominated ANZ account |
| 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. Please ask your local ANZ Rural Manager for relevant details. |
Commercial Bills are often the ideal option for short or long-term financing, and 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.
If you'd like further details or a quote, please contact us by sending an e-form or contact an ANZ Manager.
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