Choice Commercial Easy Refinance
From 7.99%
*Promotion Rate
About Choice Commercial Easy Refinance
- Max LVR: 80%
- Max Loan Amount: $3,000,000
- Promotion Rate: 7.99% LVR 60%
- 100% Offset Facility Available
- Principal & Interest and Interest Only
- Available to NDIS Properties
Loan Purpose and Rate
Owner Occupied or Investment - P&I
7.99% (LVR ≤ 60%)
- Interest rate from 7.99% P.A.
- Comparison rate from 8.19% P.A.
Owner Occupied or Investment - P&I
8.19% (LVR ≤ 70%)
- Interest rate from 8.19% P.A.
- Comparison rate from 8.39% P.A.
Owner Occupied or Investment - IO
8.39% (LVR ≤ 60%)
- Interest rate from 8.39% P.A.
- Comparison rate from 8.59% P.A.
Owner Occupied or Investment - IO
8.59% (LVR ≤ 70%)
- Interest rate from 8.59% P.A.
- Comparison rate from 8.79% 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) |
| Variable Rate (LVR ≤ 60%) | 7.99% P.A. (PI) |
| Application fee | $0 |
Document Checklist
Income Documents - PAYG
- Latest 2 Payslips, or
- 3 months Bank Statements evidencing salary credits and Employment Letter
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
Loan Calculator
Refer to credit team for calculator and servicing requirements
* The comparison rate is based on a secured loan of $150,000 and a term of 25 years.
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.