Our Commercial Loan (P&I) is a variable rate loan for commercial purposes.
Category: Business Loans Last Updated November 21, 2023 Effective May 3, 2024
General Lending Rates
Rates listed below are for a VARIABLE INVESTMENT P&I product. Additional Information Interest rate applicable for residential security.
Interest Rate 9.88% 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..
INVESTMENT, VARIABLE, 10.88%
Lending Rate Type: Variable
Interest Rate: 10.88%, Comparison Rate 0.00%
Repayment Type: Principal And Interest
Loan Purpose: Investment
Product Features
Redraw
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: 350.00. Additional Information: Payable for further advance. Valuation fees are payable at cost.
Additional Valuation Fee (Variable), Amount: Not Listed.. Additional Information: Payable at cost.
