ScotPac ProdLine of Credit
ScotPac’s Line of Credit gives you access to funds when you need them, offering the agility your business deserves. With flexible drawdowns and transparent fees, you can grow your business on your terms.
At a glance
- Fixed
- 19.95%
- Loan size
- $50,000 to $500,000
- Monthly fee
- $85
How it compares
This business loan in ink, against the best that every other institution publishes for anyone to apply for. Each figure is counted the same way for all of them.
Lowest advertised rate, fixed or variable, leaving out SMSF loans; secured loans usually price lower. One dot per institution, at its lowest business loan rate anyone can apply for; hover or tap a dot for its name.
Lowest advertised rate, fixed or variable, leaving out SMSF loans; secured loans usually price lower. One dot per institution, at its lowest business loan rate anyone can apply for; hover or tap a dot for its name.
| Rate | This business loan | Best anywhere | Typical institution | Where it sits |
|---|---|---|---|---|
| Business loanLowest advertised rate, fixed or variable, leaving out SMSF loans; secured loans usually price lower | 19.95% | 6.33%SCCU's BUSINESS LOAN | 7.89%of 47 institutions | 47th lowest of 47 |
| Business loanLowest advertised rate, fixed or variable, leaving out SMSF loans; secured loans usually price lower | 19.95% | 6.33%SCCU's BUSINESS LOAN | 7.89%of 47 institutions | 47th lowest of 47 |
Rates
The one rate ScotPac Prod publishes for this business loan.
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| FixedRate is fixed for the term of the loan. Interest rates are determined by several factors, including the business’s risk profile, and the loan amount. Businesses with stronger asset bases, solid credi… | P&I | 2 yrs fixed | $50,000–$500,000 | 19.95% | - | - |
Fees
3 fees published, grouped by when they're charged.
- When you take it out3.00% of transactionEstablishment Fee
- While you hold it$85 a monthMonthly Admin Fee
- When you close it or pay it offNo fee published
When you take it out1
- Establishment Fee
An establishment fee of 3% will apply for facility limits from $50,000. Discounts of up to 1% may apply to higher loan advance amounts and are subject to credit assessment. Discounted Establishment Fee for loans over $200,000
3.00% of transaction
While you hold it1
- Monthly Admin Fee
A monthly admin fee of $85 is applicable to the Line of Credit product.
$85 a month
If a payment is late or fails1
- Dishonour or Missed Payment Fee
All repayments are schedule by direct debit. A fee will be charged upon the dishonour or non-payment of any scheduled direct debit request.
$25
Features
Eligibility and limits
- Available to businesses
- Amount $50,000 to $500,000
- Minimum balance $1
- Security requirements vary based on loan size and risk profile. For funding over $100,000 an applicant must, at minimum, own property. For funding over $300,000, property security will be required.
- Required Documents: When you submit your application through our easy to use online portal, you will need to provide: Six months of business bank statements, a completed application including privacy…
- ScotPac’s Line of Credit lets you borrow what you need for up to 2 years, repaying and re-drawing as needed. After 2 years, your redraw option will no longer be available, however, you can continue y…
- Security requirements vary based on loan size and risk profile.
- Repayments are required at a minimum of 1% of the facility limit per week.
- A Line of Credit is a flexible funding solution that allows you to access funds up to a pre-approved limit, whenever you need them. You only pay interest on the amount you draw down*, not the entire…
- ScotPac's Line of Credit is a 2-year revolving line of credit. There is no penalty for early payouts.
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Published by ScotPac Business Finance under the Consumer Data Right, last changed by them on 20 Oct 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.