Commercial Loan Principal and Interest

 General Lending Rates

• Lending Rate Type: Variable
• Interest Rate: 10.88%, Comparison Rate 0.00%
• Repayment Type: Principal And Interest
• Loan Purpose: Investment

 Product Features

• Digital Banking

• Npp Enabled

 Product Eligibility

• Natural Person

• Residency Status - Must Be An Australian Resident.

• Min Age - 18.

 Bank Fees and Charges

• Substitution Of Mortgage Security (single Property) Fee - For New Loans (Event), Amount: 350.00. Additional Information: Payable for substitution of a mortgage security.

• Establishment Fee (Upfront), Amount: 1100.00. Additional Information: Payable to establish the loan. Includes: valuation fee up to $400, title search, company/ trust-borrower/ guarantor party fee, document preparation and settlement fees - document generation, distribution of documents, verification of returned documents, verification of search requirements, settlement booking, settlement attendance (PEXA or paper) and lodgement of title documents.

• Substitution Of Mortgage Security (single Property) Fee - For Variations (Event), Amount: 200.00. Additional Information: Payable for substitution of a mortgage security.

• Default Enforcement Expenses (Variable), Amount: Not Listed.. Additional Information: May apply if enforcement services are required as part of default administration

• Discharge Fee (Exit), Amount: 165.00. Additional Information: Payable for standard partial or full discharges.

• Mortgage Top Up Fee (Event), Amount: 450.00. Additional Information: Payable for further advance. Valuation fees are payable at cost.

• Valuation Fee (Variable), Amount: Not Listed.. Additional Information: RACQ Bank will cover up to $400 of the valuation cost on a new security, any cost above this is payable by the member. Any additional valuation required on an existing security will be payable at cost.

 Limitations & Restrictions (Constraints)

• Min Limit of 20000.00