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COVID-19 Business Support: No Monthly Service fees for Commercial Loans for an additional six months

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Published on 25 Sept 2020

A reminder that our Financial Assistance Package is available to help small - mid business Members who are impacted by the COVID-19 pandemic. We are providing relief assistance on all types of home loans, personal or car loans, overdrafts or credit cards and all commercial loan repayments. If you wish to apply for financial relief, please complete our Financial Assistance application form and one of our friendly staff will contact you to assist.

Furthermore, under the SME Guarantee Scheme, Unity Bank will be able to offer an unsecured 3-year term loan to all business customers with a turnover of less than $50 million. For the first six months, payments are deferred and interest to be capitalised. After the deferral period, you can choose to pay Principal and Interest payments, or in certain circumstances Interest Only payments with full clearance of the debt at the end.

These loans will be offered to new and existing members at a variable interest rate and a minimum establishment fee of $500.

To get started or find out more, request a call back from our Lending Specialist or call 13 24 40 to arrange a discussion about your business needs today. 

This information has been prepared without having regard for your individual and/or business objectives, financial situation or needs, you should, before acting on this information, consider its appropriateness to your circumstances. Unity Bank reserves the right to change or cancel these offers at anytime without notice. These products are only available to approved business customers and for business purposes only. This offer cannot be used to refinance existing debt or purchase an asset. Applications for finance are subject to Unity Bank’s credit eligibility criteria, terms and conditions, fees and charges. 

 

COVID-19 Business Support: SME Guarantee Loan Scheme - Stage 2

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Published on 27 Oct 2020

On 1 October 2020, the Australian Government announced the commencement of the second stage of its economic plan to cushion the economic impact of the coronavirus known as COVID-19 and help build a bridge to recovery. The extension of the ‘Coronavirus SME Guarantee Scheme’ will ultimately support small and medium enterprises to get through the impact of the Coronavirus Pandemic. We are participating in this government backed loan scheme to fund small and medium business through this period of COVID-19 disruption.;

Under the scheme, Reliance Bank will offer an unsecured 5-year term loan to approved business customers with a turnover of less than $50 million. For the first six months, payments are deferred and interest to be capitalised. After the deferral period, you can choose to pay Principal and Interest payments, or in certain circumstances Interest Only payments with full clearance of the debt at the end.

These loans will be offered to new and existing members at a variable interest rate and a minimum establishment fee of $500.

To get started or find out more, request a call back from our Lending Specialist or call 13 24 40 to arrange a discussion about your business needs today.

Credit eligibility criteria, terms and conditions and fees and charges apply.

These products are only available to approved business customers and for business purposes only. This offer is to assist with working capital and other cash flow requirements but cannot be used to refinance existing debt. Loan applications between $10,000 and $40,000 will be accepted for assessment, and applications above $40,000 will be determined on a case by case basis. View our current terms and conditions and consider them before making any decision about these products. Any advice or information on this site does not take into account your personal objectives, financial situation or needs and you should consider whether it is appropriate for you. Please review our Disclosure Documents before acquiring any product.

 

Important Changes to BPAY Payments via Phone Banking

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As part of our ongoing commitment to the security of our Member’s funds, we will be reducing the daily BPAY limit for Members making payments via Phone Banking.

Read more: Important Changes to BPAY Payments via Phone Banking

   

Saving for an emergency

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Creating an emergency fund may seem daunting for some. A lot of people may think you need to put away hundreds of dollars each week, which is delaying them from starting one. It doesn't matter how much you are putting in this account as long as you have begun.

Read more: Saving for an emergency

   

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