Commercial loans.
Commercial lending - the SmartSuite way
When it comes to commercial lending, Adelaide Bank has got you covered. Our new SmartSuite Commercial range has everything you need to sell commercial loans to your clients. As well as offering a traditional Full Doc loan, we have introduced two new products, Lo Doc and Simple Doc, which are specifically designed to meet the needs of the small commercial investor or business operator
Full Doc, Lo Doc, Simple Doc - packed with features
Secured by either commercial or residential property. SmartSuite Commercial loans feature:
- up to 75% LVR
- a maximum loan term of 25 years
- principal & interest or interest only options
- no annual reviews
Who, what and how much?
SmartSuite Commercial is available to companies, trusts and individuals, borrowing from $150,000 up to $3 million to:
- purchase a commercial property for investment or owner use (Simple Doc available for investment only).
- refinance an existing commercial loan
- release equity for business or investment purposes
Maximise borrowing potential with longer loan terms
With a longer loan term, your clients can maximise their borrowing potential and create a repayment program that meets their individual investment needs. SmartSuite Commercial offers a repayment period of up to 25 years.
Flexible repayment options without penalty
The ability to make extra repayments without penalty on a commercial loan is a much sought after option. SmartSuite Commercial repayment options enable your clients to pay down their loan faster and in many cases, without penalty.
What are acceptable security types?
All security properties must be multi-use. Specialised security is not acceptable.
A range of acceptable property types includes:
- commercial property (including offices)
- industrial property (including warehouses and workshops)
- retail property (including shops)
- residential property
Refer to SmartSuite Commercial Fact Sheet for unacceptable security types.
What are the acceptable security locations?
Properties located in capital cities and major regional centres. Major regional centres are generally defined as being population centres of > 100,000.
For more details please refer to the SmartSuite Commercial Location Guide.
Where residential securities are involved, standard Adelaide Bank residential location policy applies.