BUSINESS LOAN - RESIDENTIAL SECURED - FIXED 3Y PRINCIPAL & INTEREST LVR OVER 75%
A Secured Business Loan to start, buy or grow a business
Category: Business Loans Last Updated October 11, 2024 Effective October 16, 2024
General Lending Rates
Rates listed below are for a FIXED P&I product. Additional Information
Interest Rate 6.39% 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..
, VARIABLE, 7.50%
Lending Rate Type: Variable
Interest Rate: 7.50%, Comparison Rate 0.00%
Repayment Type: Principal And Interest
Loan Purpose:
Product Features
Digital BankingAdditional Information: SCCU NetBanking
OtherAdditional Information: Terms up to 30yrs available
Product Eligibility
Employment Status - Y. Additional Information: Must be employed
Residency Status - Y. Additional Information: Must be an Australian resident
Bank Fees and Charges
Direct Debit Dishonour (Event), Amount: 15.00. Additional Information: Charged if your direct debit payment is dishonoured due to insufficient funds
Business Loan Establishment Flat (Upfront), Amount: 699.00. Additional Information: Higher of this or the Business Establishment Percentage Fee
Business Loan Establishment Percent (Upfront), Amount: Not Listed.. Additional Information: Greater of this or Business Establishment Flat
Redraw In Branch (Transaction), Amount: 25.00. Additional Information: Charged if you access advance payment on your loan in-branch.
Avm Valuation Fee (Event), Amount: 25.00. Additional Information: service that can provide real estate property valuations using mathematical modelling combined with a database.
Security Guarantee Fee (Event), Amount: 200.00. Additional Information: If you require or elect to have a guarantor for your loan, this fee is charged to cover the additional administration costs. This fee is charged per guarantor.
Property Valuation Fee (Variable), Amount: 300.00. Additional Information: If using a property as security for a loan, we need to ascertain what the property is worth. This fee covers the cost of valuing your property. Fee varies dependent on type and complexity of property.
Legal Fee Trust Deed (Event), Amount: 132.00. Additional Information: A trust deed is reviewed if a trust entity is the borrower or guarantor of the loan
Loan Discharge Fee (Event), Amount: 150.00. Additional Information: This fee covers the costs associated with releasing your title and is charged per security discharged
Business Loan Security Variation (Event), Amount: 150.00. Additional Information: chargeable per security
Guarantor Security Variation (Event), Amount: 300.00. Additional Information: Changes to a guarantor security and removing guarantor(s) from a loan. Charged per security
Home Loan Legal Fee (Event), Amount: 430.00. Additional Information: A one off fee required to document and settle your loan.
Loan Variation (Event), Amount: 150.00. Additional Information: When there is a variation made to the terms of an existing loan agreement. For example principal reduction, change to loan term.
Home Loan Product Switch (Event), Amount: 300.00. Additional Information: Variations to your loan including changing product, fixing your interest rates or switching between interest only and principle and interest repayments, will incur a product switch fee.
Limitations & Restrictions (Constraints)
Min Limit of 50000.00
Max Limit of 4500000.00 Additional Information: Maximum LVR 90%