Recommended for
- Clients looking to borrow funds or invest surpluses around a term of 30 days.
- Suitable for local governments, government-owned corporations and statutory authorities.
Key features
Interest rate
- Variable, calculated daily (based on the Reserve Bank of Australia’s official cash rate), plus a margin to reflect QTC’s ongoing cost of funding
Maximum loan term
- Subject to regular review
Key benefits
- Low cost loan
- Same day access to funds
- Evergreen limit or approved fixed term
- Manage short-term deficit and surplus balances through one account
- Multiple drawdowns available
Limits
- Approved by the State Borrowing Program (total limit only not drawdowns)
For more information about this product log in to QTC Link.
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