Premier Commercial
From 7.39%
*Full Doc LVR 60%
About Premier Commercial
- Max LVR: 75%
- Max Loan Amount: $40,000,000
- No Clawbacks
- Full Doc, Lite Doc, Lease Doc, Rural >= 100 Acre, SMSF, Commercial Advantage, Development, Residual Stock
- Broadest Mortgage Product Range of All Non-Banks
Loan Purpose and Rate
Full & Lease Doc
7.39% PI (LVR ≤ 60%, Loan Amount ≤ $3m )
- Interest rate from 7.39% P.A.
- Comparison rate from 7.91% P.A.
Lite Doc
7.99% PI (LVR ≤ 60%, Loan Amount ≤ $3m)
- Interest rate from 7.99% P.A.
- Comparison rate from 8.51% P.A.
Loan Purpose and Rate - SMSF Commercial
SMSF Commercial Loans ≤ $3m
7.39% (LVR ≤ 60%)
- Interest rate from 7.39% P.A.
- Comparison rate from 7.91% P.A.
SMSF Commercial Loans $3m - $10m
7.79% (LVR ≤ 60%)
- Interest rate from 7.79% P.A.
- Comparison rate from 8.31% P.A.
Loan Purpose and Rate - Commercial Advantage
Loan Amount: ≤ $5m
8.79% (LVR ≤ 70%)
- Interest rate from 8.79% P.A.
- Comparison rate from 9.37% P.A.
Loan Amount: $5m - $15m
9.49% (LVR ≤ 65%)
- Interest rate from 9.49% P.A.
- Comparison rate from 10.09% P.A.
Loan Purpose and Rate - Development
Loan Amount: ≤ $5m
9.79% PI (LVR ≤ 70%)
- Interest rate from 9.79% P.A.
- Comparison rate from 10.37% P.A.
Loan Amount: $5m - $15m
10.49% PI (LVR ≤ 65%)
- Interest rate from 10.49% P.A.
- Comparison rate from 11.09% P.A.
Loan Purpose and Rate - Residual Stock
Loan Amount: ≤ $5m
7.99% PI (LVR ≤ 70%)
- Interest rate from 7.99% P.A.
- Comparison rate from 8.55% P.A.
Loan Amount: $5m - $15m
8.24% PI (LVR ≤ 65%)
- Interest rate from 8.24% P.A.
- Comparison rate from 8.80% P.A.
Loan Purpose and Rate - Rural Property >= 100 Acres
Loan Amount : <= $2M
9.24% (LVR ≤ 55%)
- Interest rate from 9.24% P.A.
- Comparison rate from 9.78% P.A.
Product Summary
| Security type | Commercial |
| Loan Amount | $100,000 to $40,000,000 |
| 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) |
| Application Fee | From 1.50% |
| Pre-Assessment Fee | $950 Individual; 0.3% Company Applicant |
| Settlement Fee | $120 |
Document Checklist
Income Documents - PAYG and SE Full Doc
- 2 Payslips and Employment Letter/Contract + employment verification call, or Bank Statements
- Most recent 2 years Company Tax Returns & Financial Statements
- Most recent 2 years Personal Tax Returns & Notice of Assessment
- Or 1 Year Financials and Tax Returns + Latest ATO lodged BAS Statement
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)