Many Rivers Business Loan:
Rate current on and from 25 May 2020: 7% per annum, fixed for the term of the loan. Available for current and new clients of Many Rivers.
Westpac facilitated Business Loan:
Rate current on and from 6 April 2020: 7.77% per annum (consisting of Business Development Rate of 4.77% pa + 3.00% pa margin), variable rate. Applies to current Many Rivers clients with a current Westpac Business Loan.
Please Note: A variable rate may go up or down during the term of a loan. If interest rates increase, your loan term will increase unless you increase the amount of your repayments. Alternatively, if interest rates decrease and you retain your current repayments, your loan will be repaid more quickly and the loan term may be reduced