From 4.90%
*Promotion Rate

About Commercial Lease Doc

Loan Purpose and Rate

Principal and Interest
4.90% PI (LVR ≤ 65%)
Interest Only
5.15% IO (LVR ≤ 65%)

Product Summary

Security type Residential, Commercial  
Loan Amount $100,000 to $2,000,000 
Maximum LVR 70% 
Loan Term Up to 25 years 
Borrower Type Individuals, Company or Trust 
Loan Purpose Purchase, Refinance, Controlled equity release 
Repayment Method Direct debit from nominated bank account 
Redraw Facility Available for variable rate loans only. Fee free for internet transaction. Transaction fees apply for requests that are manually processed.  
Interest Cover Ratio Minimum 1.5 times 
Interest structure Principal and Interest & Interest Only (Up to 5 years) 
Variable Rate (LVR ≤ 65%) 4.90% P.A. (PI) 
Establishment fee Up to 1.50% of the loan amount + GST (non-refundable) 

Document Checklist

Income Documents

Loan Calculator

Servicing requirements:
Monthly Rental income / Monthly interest Expense (only IO)/10 ≥ 1.5
For example:
$2500(monthly rental) / ($245000 (loan amount) * 5.46% (interest rate) /12 months) /10 = 2.23 PASS (Refer to credit team for details)

* 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.