- Clients with borrowings wanting a variable rate exposure.
- Daily reset: changes daily in line with market movements
- Low cost loan
- Multiple drawdowns available
Maximum loan term
- 10 years (or evergreen by agreement)
- Loan term set when facility is established (in the case of multiple drawdowns – eg, for a construction loan)
- As per State Borrowing Program approvals and approvals by relevant administering department
For more information about this product log in to QTC Link.