Flexi Loan

A versatile financing solution that helps you manage interest rate risk. With Flexi Loan, you can:

• Draw down funds at will within your facility limit, creating up to 20 loan sub accounts.
• Customise each sub-account by selecting different interest rate types and repayment settings.
• Change those settings over time to match your changing cash flow requirements.
• Manage interest rate risk with fixed rates, caps and collars.

It’s an ideal solution for organisations with complex borrowing needs.

Features

• Add an integrated risk management strategy to a market interest rate sub-account with a simple letter of variation to your Flexi Loan contract.
• Manage interest rate risk with fixed rates, caps and collars. Fees are either charged upfront or included in your loan interest rate, simplifying account management.
• Combine your borrowings in a single, easy-to-manage facility.
• Create multiple sub-accounts with different interest rate settings.
• Customise your repayment schedule with step-up and step-down repayments.
• Choose between the Flexi Loan Variable Reference Rate (linked to the RBA cash rate), and the Flexi Loan Market Interest Rate (linked to the Bank Bill Swap Reference Rate).
• Lock in a fixed rate for up to seven years
• Reset a Market Interest Rate every 30, 90 or 180 days.
• Change reset periods and balances to match your changing cash flow requirements.
• Draw on the expertise of the Commonwealth Bank for advice on structuring your loan to suit your business and using integrated strategies to reduce your exposure to interest rate risk.

To see how Flexi Loan can help your business, read our case study.

Important information about advice
As this advice has been prepared without considering your objectives, financial situation or needs, you should, before acting on the advice, consider its appropriateness to your circumstances. View our Financial Services Guide (PDF 59kb).

Other important information
Applications for finance are subject to the Bank's normal credit approval. Full terms and conditions are included in the Loan offer. Bank fees and Government charges may apply.