Line of Credit
ScotPac’s Line of Credit gives you access to funds when you need them, offering the agility your business deserves. With flexible drawdowns and transparent fees, you can grow your business on your terms.
- From
- 19.95%
- Fixed
Interest Rates
| Type | Rate | Comparison | Applies To |
|---|---|---|---|
| Fixed · 2 years Rate is fixed for the term of the loan. Rates from 19.95% for limits greater than $200,000. Rates from 24.95% for limits between $50,000 and $200,000. Interest rates are determined by several factors, including the business’s risk profile, and the loan amount. Businesses with stronger asset bases, solid credit histories, and secured loans typically benefit from lower interest rates. | 19.95% | — | — |
Fees
| Fee | Type | Amount |
|---|---|---|
| Establishment Fee An establishment fee of 3% will apply for facility limits from $50,000 to $200,000. An establishment fee of 2% will apply to limits greater than $200,000.
| Upfront | 3% of transaction |
| Monthly Admin Fee Charged monthly · A monthly admin fee of $85 is applicable to the Line of Credit product. | Ongoing | $85.00 |
| Dishonour or Missed Payment Fee All repayments are schedule by direct debit. A fee will be charged upon the dishonour or non-payment of any scheduled direct debit request. | Dishonour | $25.00 |
Features
- Redraw facility
- Withdraw as much or as little* as you like, up to your facility limit, and only pay for what you use. *Minimum withdrawal amount of $5,000 applies for redraw amounts.
- Extra repayments
- Use as much or as little* of your facility limit as you like. ScotPac will not charge any penalties for early payout. *If your owing balance is $0, your line of credit will stay active for 3 months. After a 3 month period, you will need to reapply for your Line of Credit.
Eligibility
- Minimum turnover — $50,000.00 p.a.Monthly Turnover: Your business must have a minimum turnover of $50,000 per month in total sales.
- There is no security upfront required for funding under $100,000. For funding over $100,000 an applicant must, at minimum, own property. For funding over $200,000, property security will be required.
- Required Documents: When you submit your application through our easy to use online portal, you will need to provide: Six months of business bank statements, a completed application including privacy consents, and Photo ID for all directors and borrowers. For secured loans, additional documentation related to your collateral may also be required.
- Business customersApplicant must have an ABN and have been trading for at least 12 months, with records of consistent sales. Business Owners must be 18 years or older and either an Australian citizen or permanent resident. Entities trading greater than 12 months are eligible to apply for limits up to $200,000, while entities that have been trading greater than 36 months are eligible to apply for limits up to $500,000.
Constraints
- ScotPac’s Line of Credit lets you borrow what you need for up to 2 years, repaying and re-drawing as needed. After 2 years, your redraw option will no longer be available, however, you can continue your repayment for an additional 2 years. You can also apply to refinance your existing facility into a new Line of Credit at any time throughout the entire period, with the option to increase your facility limit and extend your term. — Maximum Term
- Security requirements vary based on loan size and risk profile. — Varied Security Requirements
- Repayments are required at a minimum of 1% of the facility limit per week. — Minimum Repayments
- Minimum limit
More Information
Published by ScotPac Business Finance under the Consumer Data Right · Last updated 10 July 2026 · Product ID LOC26