Choice Commercial Easy Refinance
From 6.99%
*Promotion Rate
About Choice Commercial Easy Refinance
- Max LVR: 80%
- Max Loan Amount: $3,500,000
- Clear Credit History
- 100% Offset Facility Available
- Principal & Interest and Interest Only
- Available to NDIS Properties
Loan Purpose and Rate
Owner Occupied or Investment - P&I
6.99% (LVR ≤ 60%, Max Loan $3M)
- Interest rate from 6.99% P.A.
- Comparison rate from 7.11% P.A.
Owner Occupied or Investment - IO
7.39% (LVR ≤ 60%, Max Loan $3M)
- Interest rate from 7.39% P.A.
- Comparison rate from 7.51% P.A.
Product Summary
| Security type | Commercial |
| Loan Amount | $150,000 to $3,000,000 |
| Maximum LVR | 80% |
| Loan Term | Up to 359 Months |
| Borrower Type | Individual, Company or Trust |
| Loan Purpose | Re-finance of either owner occupied or investment of commercial properties |
| Repayment Method | Direct debit from nominated bank account |
| Redraw Facility | Available |
| Repayment Options | Principal and Interest & Interest Only (Up to 5 years) |
| Lender’s Protection Fee | From 0.50% |
| Application fee | $0 |
| Annual Fee | $0 |
Document Checklist
Income Documents - PAYG
- Latest 2 Payslips, or
- Employment Letter
- 3 Months' Salary Credit
Income Documents - Self Employed - Sole Trader / Partnership
- Personal Bank Statements showing 6 months of salary/dividend credits, or
- Latest personal tax returns and company tax returns, or
- Latest business or personal tax assessment notice confirming tax return status
Income Documents - Self Employed - Company
- Latest company bank statements/financials showing turnover/trading history, or
- Latest company / business tax returns, or
- Latest Tax Assessment Notice confirming tax return status
Income Documents - Trust
- Latest trust statements/financials showing turnover/trading history, or
- Latest company/business tax returns, or
- Latest Tax Assessment Notice confirming tax return status