Commercial Term Loan requiring first mortgage security. Borrowers can choose from Interest Only, Principal and Interest, with variable and fixed rate options.
Category: Business Loans Last Updated May 22, 2024 Effective November 1, 2024
General Lending Rates
Rates listed below are for a FIXED P&I product. Additional Information Interest rate is only applicable for loans up to $1,500,000. Loans in excess of $1,500,000 are subject to negotiation
Interest Rate 6.60% PA
Comparison Rate 0.00%PA*
Product rates will vary depending upon your financial position< LVR, and other criteria. The product may also vary depending upon the rate type, repayment type, or loan purpose. We encourage you to contact us for a full understanding of the product and terms.
Product Variations
Product rates and conditions will usually vary based on the LVR and other conditions..
OtherAdditional Information: 7 Year Maximum Loan Term (interest Only)
OtherAdditional Information: 20 year Maximum Loan Term Principal & Interest
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Product Eligibility
OtherAdditional Information: Maximum LVR % - Commercial: 70%
OtherAdditional Information: Maximum LVR % - Specialised: 50%
OtherAdditional Information: Maximum LVR % - Industrial: 50%
OtherAdditional Information: Maximum LVR % - Rural: 40%
OtherAdditional Information: Maximum LVR % - Residential: 80%
OtherAdditional Information: Maximum LVR % - Light Industrial 70%
Bank Fees and Charges
Application Fee (Upfront), Amount: Not Listed.. Additional Information: 0.60% of loan amount/negotiable. Payable at acceptance of offer
Valuation Fee (Upfront), Amount: 0.000000. Additional Information: Cost dependent on circumstance. Payable upon completion of valuation
Security Documentation Fees (Upfront), Amount: 0.000000. Additional Information: Dependent on transaction complexity, solicitor used, state of security and more. Payable at loan drawdown
Discharge Administration Fee (Exit), Amount: 350.000000. Additional Information: $350, per request, per security. Payable with any partial or full release of security (applies to each security)
Early Repayment Fee (Exit), Amount: Not Listed.. Additional Information: Break cost are payable. These are calculated on a case by case basis.
Consent To Lease Fee (Event), Amount: 150.000000. Additional Information: $150, per request, per lease agreement.
Variations (Event), Amount: 150.000000. Additional Information: Variation to existing facility, $150 per event
Late Payment Charge (Event), Amount: 65.000000. Additional Information: Payable when your facility remains in arrears for more than 30 consecutive days.