Solution Commercial – LoanOne

Solution Commercial

From 7.44%
*Promotion Rate
SCENARIO INQUIRY

About Solution Commercial

  • Max LVR: 80%
  • Max Loan Amount: $5,000,000
  • No Commitment Fee
  • No Monthly or Annual Fees
  • Full Doc, Lease Doc or Alt Doc
  • Set and Forget - No Annual Reviews
Application Form
CUSTOMER
VERIFICATION FORM
VALUATION FORM
DISCHARGE FORM
INCOME DECLARATION
- SELF EMPLOYED
ACCOUNTANT'S
VERIFICATION
PURPOSE OF LOAN FUNDS
DECLARATION FORM
PRICING AND EXCEPTION
REQUEST FORM

Loan Purpose and Rate - Prime <= $3M

Full & Lease Doc - OO & INV
7.44% PI & IO (LVR ≤ 65%)
  • Interest rate from 7.44% P.A.
  • Comparison rate from 7.82% P.A.
Alt Doc - OO & INV
7.99% PI & IO (LVR ≤ 50%)
  • Interest rate from 7.99% P.A.
  • Comparison rate from 8.38% P.A.

Loan Purpose and Rate - Prime $3M <= $5M

Full & Lease Doc - OO & INV
7.74% PI & IO (LVR ≤ 50%)
  • Interest rate from 7.74% P.A.
  • Comparison rate from 7.20% P.A.
Alt Doc - OO & INV
8.24% PI & IO (LVR ≤ 50%)
  • Interest rate from 8.24% P.A.
  • Comparison rate from 8.71% P.A.

Product Summary

Security typeCommercial
Loan Amount$100,000 to $5,000,000
Maximum LVR80%
Loan TermUp to 30 years
Borrower TypeIndividuals, Company or Trust
Loan PurposePurchase / Refinance / Equity Release / Debt Consolidation – Owner Occupied or Investment
Repayment MethodDirect debit from nominated bank account
Redraw FacilityVariable rate loans only. Fee free for internet transaction. Transaction fees apply for requests that are manually processed.
Interest structurePrincipal and Interest & Interest Only (Up to 5 years)
Interest Coverage RatioMinimum 1.25 Times
Pre-Assessment Fee$950 for individual applicants
Annual Fee$0
Application Fee1.50% of Loan Amount

Document Checklist

Income Documents (PAYG)
  • Latest 2 Payslips PLUS
  • One of the following:
  • Employment letter
  • 3 Months Salary Credits
  • MyGov Income Statement
Income Documents (Self-Employed Full Doc)
  • Most recent 1 year Company Tax Returns & Financial Statements
  • Most recent 1 year Personal Tax Returns & Notice of Assessment
  • Most recent BAS or 3 months Business Trading Statements if tax return is > 6 months old
Income Documents (Self-Employed Alt Doc)
  • Declaration of Financial Position PLUS
  • One of the following:
  • Accountant Letter
  • 6 months BAS
  • 6 months 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)