Lending support for SME during COVID-19

To help support your SME business during this challenging period.

For both new and existing eligible Illawarra Credit Union Customers

The offer at a glance:

  • A maximum loan term of 3 years;
  • Loan amount of up to $250,000 plus capitalised interest;
  • No repayments for the first 6 months (interest will be capitalised) following which principal and interest repayments will commence.

Business Unsecured Loan SME 

  • 5% p.a. (Variable)
  • 3 years Principal & Interest
  • No application fees

Things you need to know.

For both new and existing Illawarra Credit Union customers, to be eligible for the SME support loan you will need to meet the below criteria.

  • Your business has been impacted by COVID-19
  • The annual turnover is less than $50 million
  • The purpose of the loan must be for business working capital such as liquidity and operating expenditure
  • You have not accepted another SME support loan from another financial institution
  • The business is based and operates within Australia
  • You must have an ABN to apply.
Product Interest Rate Term
Business Unsecured Loan SME Product (Variable) 5% p.a. 3 years
Fees
Application Fees $0

To reduce or cancel your credit limit complete our online form or call us on 13 22 49.

important notes

Eligibility criteria, terms & conditions, fees & charges apply. Please refer to the Credit Fees and Charges brochure for current details on fees and charges applicable to our loans. 

 

Get in touch

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