Commercial Loan

If you've been tempted by the returns that commercial property is currently offering – or simply looking for a way to stop paying rent on your business premises, the Commercial Property Loan is the perfect solution for you. With the option to borrow up to 70% of the property's value, no annual reviews, and a redraw facility should the unexpected occur, the dream of owning a commercial property can now become reality!

Product Details

Key Features

Loan Purpose: To purchase or refinance Commercial, Industrial, Retail or Residential property in capital city areas and selected metro areas. Release of equity for investment is also available.
Borrower Type: Available to borrowers providing full supporting documentation and evidence of income
Loan Term: 20 Years
Minimum Loan Amount: $100,000
Maximum Loan Amount: $3,000,000
Maximum LVR: 70%
Mortgage Insurance: No Mortgage Insurance. Title Insurance required.
Mortgage Insurance Capitalisation: N/A
Interest Calculation Calculated on the daily balance and debited monthly in arrears.

Other Features

Extra Repayments Yes
Redraw Facility Available as required via internet banking at no cost
Repayment Frequency Monthly and fortnightly
Internet & Phone Banking Yes
Debit Card No
Interest Only Period Up To 5 Years
Suitable for Overseas Borrowers: No
Suitable for Self Employed:
Additional Information: No annual review or revaluation required.


Establishment Fees On Application
Ongoing Fees None
Valuation Fees On Application
Discharge Fees $0
Lenders Legal Fees On Application
Early Repayment Fees Year 1 - 3 months additional interest, Year 2 - 2 months additional interest and Year 3 - 1 month additional interest
Redraw Fees 0


What you need to know:
Terms and conditions, fees and charges, normal lending criteria apply. Details available on request.

Comparison rates are based on a loan of $150,000 over 25 years.

Warning: The comparison rate is true only for the example or examples given and may not include all fees and charges. Different terms, fees or other loan amounts may result in a different comparison rate. A comparison rate schedule can be found on our website.

When considering which is the best home loan for you, mortgage rates are indeed important but you also need to look at your overall situation and what flexibility you need as well as any related fees initial or ongoing fees.