How often do I make business loan repayments — weekly, fortnightly or monthly? - AAP Finance Brokers

How often do I make business loan repayments — weekly, fortnightly or monthly?

How often do I make business loan repayments — weekly, fortnightly or monthly?
How often do I make business loan repayments — weekly, fortnightly or monthly?
Posted by on 07/02/2014 in

This depends on the type of product you use. If it is an overdraft then all you need to do is cover your monthly interest costs which are calculated daily on what you use and then charged monthly. Commercial Bill or Market Rate products rely on interest up front depending on your season requirements, and Business Loans can be repaid weekly, fortnightly or monthly via principal and interest rate repayments. To ensure you have he right structure make sure you speak with us and your accountant.