The Finance Algorithm
Lending and bank accounts, both associated with BSB number 939 200 logoLending and bank accounts, both associated with BSB number 939 200

Practice Finance Loan

Practice Finance Loan

Business loansRates on applicationBank updated 22 Sept 2026

At a glance

Pricing
Rates on application

Fees

13 fees published, grouped by when they're charged.

  1. When you take it outVaries2 fees, each listed below
  2. While you hold it1.00% of balance every 6 monthsBank Guarantee Fee
  3. When you close it or pay it offUp to $3903 fees, each listed below

When you take it out2

  • Application fee

    Processing fee for loan application payable at settlement

    Varies
  • Fixed rate lock fee

    0.15% of the original Fixed Rate loan amount. Payable to secure the fixed interest rate on a fixed rate loan for 90 days from the date this fee is received (this date is also referred to as the fixed…

    0.15% of transaction

While you hold it1

  • Bank Guarantee Fee

    Charged bi-annually on bank guarantee

    1.00% of balance every 6 months

When you make a transaction2

  • Telegraphic transfer fee - deposits

    When funds are transferred to your account (by SWIFT or telegraphic transfer) from a bank in Australia or overseas (in Australian dollars or a foreign currency)

    $30
  • Telegraphic transfer fee - withdrawals

    When you request us to transfer funds from your account (by SWIFT) to a bank in Australia (in Australian dollars). When you request us to transfer funds from your account (by telegraphic transfer) to…

    $30

If a payment is late or fails1

  • Payment dishonour fees

    You may be charged a fee by an external bank or financial institution for a transaction relating to your loan (eg. if a payment to your loan made from another bank is dishonoured, the other bank may…

    Varies

When particular things happen4

  • Audit certificate fee

    When you or an auditor request an audit certificate for your account

    $25
  • Break costs

    Payable if at any time before the fixed interest period expires. You make additional repayments above the minimum required payments exceeding $10,000 for each 12 month period within a fixed interest…

    Varies
  • Transaction trace fee

    When you request us to investigate and trace a transaction

    $20
  • Variation fee

    Plus any solicitor's or mortgage processing costs, valuation costs if applicable and any government fees which may vary from state to state. Payable when we agree to vary your loan or any security -…

    $299

When you close it or pay it off3

  • Business finance Discharge fee

    Payable for requests to fully repay all money owing and discharge all securities.

    $100
  • Discharge fee

    Payable when we are requested to discharge all securities. Customers also pay the actual solicitors' or mortgage processing servicers' costs, which include,for example, search fees and postage, valua…

    $390
  • PPSR Release Fee

    Payable for preparation of release documentation and release of registration of security interests on the PPSR when all money owing is being repaid in full.

    $330

Features

RedrawDigital bankingUnlimited transactions

Eligibility and limits

None published.

Published by AMP - My AMP under the Consumer Data Right, last changed by them on 22 Sept 2026. Figures are shown as the institution publishes them and can change without notice; confirm on their site before applying. The Finance Algorithm earns nothing from any product listed here.