Business Variable Construction

 General Lending Rates

 Product Features

• Other Additional Information: Flexible repayment frequency - pay weekly, fortnightly or monthly / monthly for Interest Only

• Other Additional Information: Free up extra cash by paying only the interest portion of the loan for up to five years, then reverts to P&I

• Other Additional Information: With our Construction Loan option you can withdraw your funds gradually over a period of 12 months while you build so you only pay interest on the portion of the loan you have drawn; keeping your money in your pocket for longer

 Product Eligibility

• Business - Business And Non-personal Entities.

• Other Additional Information: Terms, conditions, fees, charges and lending criteria apply and are available on application

 Bank Fees and Charges

• Security Handling Fee (Event), Amount: 150.00. Additional Information: Charged per occurrence. Payable in the following circumstances; deed of priority, title production, variation of priority, consent or name change.

• Discharge Of Mortgage (Event), Amount: 350.00. Additional Information: For the preparation of a discharge of mortgage.

• Documentation Fee (Event), Amount: 200.00. Additional Information: Payable in the following circumstances: preparation of an additional mortgage; preparation of a guarantee; or where documents have been cancelled or redone, at your request, after contracts have been issued.

• Valuation Fee (Event), Amount: 0.00. Additional Information: Valuation Fee at cost and payable by member.

• Business Loan Application Fee (Upfront), Amount: 600.00. Additional Information: Application Fee of $600 for loans up to $80,000 or 0.75% of loan for loans greater than $80,000

• Business Loan Application Fee (Upfront), Amount: Not Listed.. Additional Information: Application Fee of $600 for loans up to $80,000 or 0.75% of loan for loans greater than $80,000

• Progress Draw Fee (Event), Amount: 400.00. Additional Information: Payable per property when a loan will be drawn progressively for either construction or major renovation purposes. The fee includes the cost of all progress draws and the final inspection.

 Limitations & Restrictions (Constraints)

• Min Limit of 20000.00 Additional Information: Minimum loan size is $20,000.00

 Document Downloads

  brc-8-7-1-business-lending-terms-conditions.pdf (459.8 KB)