Premier Commercial
From 8.09%
*Promotion Rate
About Premier Commercial
- Max LVR: 75%
- Max Loan Amount: $25,000,000
- No clawbacks
- Full Doc, Lite Doc, Lease Doc, SMSF, Development, Residual Stock, Rural
- Broadest mortgage product range of all non-banks
Loan Purpose and Rate
Full & Lease Doc
8.09% PI (LVR ≤ 60%, Loan Amount ≤ $3m )
- Interest rate from 8.09% P.A.
- Comparison rate from 8.62% P.A.
Lite Doc
8.59% PI (LVR ≤ 60%, Loan Amount ≤ $3m)
- Interest rate from 8.59% P.A.
- Comparison rate from 9.12% P.A.
Loan Purpose and Rate
SMSF - Loan Amount: ≤ $3m
8.09% PI (LVR ≤ 60%)
- Interest rate from 8.09% P.A.
- Comparison rate from 8.62% P.A.
SMSF - Loan Amount: $3m - $5m
8.39% PI (LVR ≤ 60%)
- Interest rate from 8.39% P.A.
- Comparison rate from 8.92% P.A.
Loan Purpose and Rate
Development - Loan Amount: ≤ $5m
9.99% PI (LVR ≤ 70%)
- Interest rate from 9.99% P.A.
- Comparison rate from 10.58% P.A.
Development - Loan Amount: $5m - $15m
10.69% PI (LVR ≤ 65%)
- Interest rate from 10.69% P.A.
- Comparison rate from 11.29% P.A.
Loan Purpose and Rate
Residual Stock - Loan Amount: ≤ $5m
8.49% PI (LVR ≤ 70%)
- Interest rate from 8.49% P.A.
- Comparison rate from 9.05% P.A.
Residual Stock - Loan Amount: $5m - $15m
8.79% PI (LVR ≤ 65%)
- Interest rate from 8.79% P.A.
- Comparison rate from 9.36% P.A.
Loan Purpose and Rate
Rural Property ≥ 100 acres
9.74% PI (LVR ≤ 55%, Loan Amount: ≤ $2m)
- Interest rate from 9.74% P.A.
- Comparison rate from 10.32% P.A.
Product Summary
| Security type | Commercial |
| Loan Amount | $100,000 to $25,000,000 |
| Maximum LVR | 75% |
| Loan Term | Up to 30 years |
| Borrower Type | Individuals, Company or Trust |
| Loan Purpose | Purchase / Refinance / Cash Out / Debt Consolidation / Business / Investment / Construction |
| Repayment Method | Direct debit from nominated bank account |
| Redraw Facility | Available on Principal and Interest term; not available to Development, Residual Stock or SMSF |
| Interest structure | Principal and Interest & Interest Only (Up to 5 years) |
| Full & Lease Doc (LVR ≤ 60%) | 8.09% P.A. (PI) |
| Lite Doc (LVR ≤ 60%) | 8.59% P.A. (PI) |
| LMI | Not required |
| Application fee | From 1.5% |
Document Checklist
Income Documents - Full Doc
- 2 Payslips and Employment Letter/Contract, or
- Last 2 years' financials / Tax Assessment Notices
Income Documents - Lite Doc
- Borrower Repayment Declaration, plus one of:
-
Accountant's Letter;
12 months BAS;
12 months Trading Statements
Income Documents - Lease Doc
- Current Lease Agreement
Income Documents - Residual Stock
- Existing Account Statements
- Marketing Strategy / Intend to sale remaining stock
Income Documents - Development Finance
- Builder’s and Developer’s CVs
- Development Feasibility Analysis
- Copy of Plans & Specification
- Copy of Fixed Price Building Contract
- Copy of Building & Planning Permits (if available)
- Copy of GST Declaration & Letter from Accountant outlining GST margin scheme cost base
Income Documents - SMSF
- SMSF Trust deed and the Bare Trust deed
- Current lease agreement
- Copy of last 12 month SMSF Financials (SMSF asset and contribution statement or evidence the existing fund is being rolled over into the SMSF)
Loan Calculator
Refer to credit team for calculator and servicing requirements
Please click on the link to download the calculator for serviceability calculations.
* 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.