Solution Commercial
From 8.09%
*Promotion Rate
About Solution Commercial
- Max LVR: 75%
- Max Loan Amount: $2,000,000
- Rate: 8.09% LVR ≤ 65%
- No Monthly or Annual Fees
- Full Doc, Lease Doc or Alt Doc
- Set and Forget - No Annual Reviews
Loan Purpose and Rate
Full & Lease Doc
8.09% PI (LVR ≤ 65%)
- Interest rate from 8.09% P.A.
- Comparison rate from 8.55% P.A.
Alt Doc
8.49% PI (LVR ≤ 50%)
- Interest rate from 8.49% P.A.
- Comparison rate from 8.96% P.A.
Product Summary
| Security type | Commercial |
| Loan Amount | $100,000 to $2,000,000 |
| Maximum LVR | 75% |
| Loan Term | Up to 30 years |
| Borrower Type | Individuals, Company or Trust |
| Loan Purpose | New Purchase, Refinance, Equity Release |
| Repayment Method | Direct debit from nominated bank account |
| Redraw Facility | Variable rate loans only. Fee free for internet transaction. Transaction fees apply for requests that are manually processed. |
| Interest structure | Principal and Interest & Interest Only (Up to 5 years) |
| Full & Lease Doc (LVR ≤ 50%) | 8.09% P.A. (PI) |
| Alt Doc (LVR ≤ 50%) | 8.49% P.A. (PI) |
| Interest Coverage Ratio | Minimum 1.25 times |
| Application fee | 1.5% of loan amount |
Document Checklist
Income Documents (PAYG)
- Last 2 payslips PLUS
- One of the following:
- Employment letter
- 3 months bank statement
- Income statement from MyGov
Income Documents (Self-Employed)
- Last 2 years company tax returns and financial statements
- Last 2 years individual tax return and tax assessment notice
- OR
- Last 1 years materials as above PLUS
- Most recent BAS or 3 months business trading statements if tax return > 6 months old
Income Documents (Alt Doc)
- Declaration of Financial Position PLUS
- One of the following:
- Accountant Letter
- 6 months BAS
- 6 month bank statement
Prime
- Active ABN for at least 2 years
- GST registration for at least 12 months
Near Prime
- Active ABN for at least 12 months
- GST registration for at least 6 months
Lease Doc - Term remaining
- Prime : 3 years term remaining (including options)
Loan Calculator
Solution Residential Calculator
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.