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Can I progressively draw down a Business/Commercial Loan Fixed?

April 26, 2017Business Commercial draw fixed loan progressively

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Can I progressively draw down a Business/Commercial Loan Fixed?

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A Business/Commercial Loan Variable would better suit this purpose. You can’t add to the principal balance of a Business/Commercial Loan Fixed during the fixed interest rate period. If more than one drawing is required while the rate is fixed for a period of time, break costs may be incurred.