Finder makes money from featured partners, but editorial opinions are our own.

Bendigo Business Flexi Loan

Switch between interest-only and principal and interest payments. Find out your interest rate and fees once you apply.

No reviews yet. Write a review

Start comparing

How does the Bendigo Bank Business Flexi Loan work?

The Business Flexi Loan from Bendigo Bank is a term loan that is suitable for a range of commercial and business purposes. The amount you're approved for is dependent on your business's financial situation. The loan terms depend on the interest rate, which can be fixed or variable.

Loan terms of between 1 year and 10 years are available for a fixed rate loan and 1 to 20 years are available with a variable rate. Bendigo Bank will advise the interest rate and fees when you apply.

Features of the Bendigo Business Flexi Loan

The Flexi Loan includes the following features:

  • Various repayment options. Bendigo Bank offers a range of repayment options with this loan. You can choose between principal and interest repayments or interest-only repayments and you're able to make your repayments online, over the phone or in a Bendigo Bank branch.
  • Fixed or variable rates. This loan is available with a fixed or variable rate. The variable rate option can extend up to 20 years.
  • Repayment methods. Repayments can be made over the phone, online or in a branch.
  • Online banking. You can keep an eye on how much you owe by signing up for online banking.
  • Access to half-yearly statements. Bendigo Bank will send a statement free of charge every six months so you can see how much you have left to pay.
  • Redraw facility. With the variable loan rate option, you can redraw funds whenever necessary. The minimum redraw amount is $5,000.
  • Loan terms. You can choose a fixed rate loan with a lifetime of 1 year to 10 years. With a variable rate, this extends from 1 to 20 years. However, terms for both loans can be extended based on the security offered.
  • Loan amount. When you apply for a loan, the bank will take into account your current assets and liabilities, any outstanding debt, and the kind of security you will put forward. This information will help determine how much you will be able to borrow.

How much does the loan cost?

The total fees associated with this loan depend on the details of your application. However, to give you some idea, here is an outline of fees that you can expect to pay:

  • Establishment fee
  • Service fee
  • A principal reduction fee of $50. This will be charged when you make additional repayments and reduce your loan principal.

How to apply for the Bendigo Business Flexi Loan

In order to be eligible for this business loan, you must meet the following requirements:

  • Be 18 years or older
  • Be using the loan for business or commercial purposes
  • You must not currently be bankrupt or insolvent
  • You must have an Australian Business Number (ABN) or Australian Company Number (ACN).

Once you are sure you meet these criteria, click on "Go to Site" to make an enquiry with Bendigo Bank.

Being able to switch between loan types might seem ideal for your business. However, it's important to compare other business loans as well, before going ahead with your application.

Comparison of other business loans

Whilst we don't directly compare Bendigo Business Flexi Loan, you can compare other business loans offering similar features.

1 - 5 of 5
Updated regularly
Product AUFBL Min. Loan Amount Max. Loan Amount Loan Term Upfront Fee Filter Values
Lumi Unsecured Business Loan
Lumi Unsecured Business Loan
$5,000
$500,000
3 months to 5 years
2.5% establishment fee
Apply for up to $500,000 from Lumi and benefit from short loan terms, no early repayment fees and once approved receive your funds in just one business day.
Go to siteMore Info
Valiant Finance Business Loan Broker
Valiant Finance Business Loan Broker
$5,000
$20,000,000
3 months to 7 years
$0 application fee
A Business Lending Specialist from Valiant Finance can give you access to competitive business loans from over 80 lenders. Loans between $5,000 and $20 million are available. Request a call – your loan can be funded in 1 business day.
Enquire now
ebroker Business Loan
ebroker Business Loan
$5,000
$5,000,000
1 month to 30 years
$0 application fee
Small business loans available between $5,000 and $5,000,000. Get access to 70+ non-bank lenders on this independent platform.
Enquire now
ScotPac Boost Business Loan
ScotPac Boost Business Loan
$10,000
$500,000
3 months to 3 years
$0 application fee
A business loan for any industry. Borrow between $10,000 and $500,000, with approved loans funded within 24 hours. Minimum monthly turnover of $10,000 and 1 year of trading history required.
Go to siteMore Info
Prospa Business Loan
Prospa Business Loan
$5,000
$500,000
3 months to 3 years
3.5% origination fee
Small business loans are available from $5,000 - $500,000 on terms of up to 3 years. At least six months trading history and a monthly turnover from $5,000 is necessary.
Go to siteMore Info
loading
More resources on Finder

More guides on Finder

  • Business car loans

    If you're after a business car, compare your vehicle finance and car loan options and get your business on the road.
  • Caveat Loans

    Need quick finance for your business? Find out how caveat loans work and if they're right for your business.
  • Unsecured business loans

    Are you looking for a business loan but don't have an asset to offer as security? You still have loan options available. Find out what you need to know about unsecured business loans and how to compare them.

  • BOQ Cash Flow Finance Loan

    As well as bridging financial gaps, BOQ’s Cash Flow Finance funding grows alongside your business’s profit margins and capacity. Receive up to 80% of the value of outstanding invoices to keep your business moving.
  • Do you know your business credit score?

    This guide will take you through what a business credit score is and show you how to get it for free.

  • Spot factoring

    Is your business in a cash flow squeeze? Find out how spot factoring can ease your cash flow troubles in as little as 24 hours, even if you have no collateral.
  • How to split profits in a small business partnership

    What you need to know about dividing profits in a small business partnership.
  • Business loan requirements – how banks assess your application

    Want to be approved for a business loan from a bank? This is how a bank will assess your application.
  • Compare loans to buy an existing business

    Find out how to achieve your small business dreams by getting funding to buy a small business.
  • Purchase order finance

    Using your purchase orders to secure funding helps your business supply customers while increasing production capacity.

Ask a question

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms Of Service and Finder Group Privacy & Cookies Policy.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Go to site