Commercial comparison page

SmartSuite Commercial Full Doc

SmartSuite Commercial Simple Doc

A fully featured traditional commercial loan secured by commercial or residential properties for owner or investment use A Lease-Doc product for investors seeking a simplified assessment and a standalone facility for investment use

Rates & Fees

Rates & Fees

Rates & Fees

Rates & Fees

Rates & Fees

Interest rate Interest rate:Interest rate Interest rate:Interest rate Interest rate:Interest rate Interest rate:Interest rate
Rate type Rate type:Variable rate Rate type:Fixed rate Rate type:Variable rate Rate type:Fixed rate
Application fee Application fee:<$900k  Fee: $500
 ≥$900k  Fee: $0.5% of loan amount
Application fee:<$900k  Fee: $500
≥$900k  Fee: $0.5% of loan amount
Application fee:<$900k  Fee: $500 Application fee:<$900k  Fee: $500
Settlement fee Settlement fee:Not applicable Settlement fee:Not applicable Settlement fee:Not applicable Settlement fee:Not applicable
Deferred establishment fee Deferred establishment fee:1.5% of the contracted loan amount if the loan is discharged within 4 years of settlement Deferred establishment feee:1.5% of the contracted loan amount if the loan is discharged within 4 years of settlement Deferred establishment fee:1.5% of the contracted loan amount if the loan is discharged within 4 years of settlement Deferred establishment fee:1.5% of the contracted loan amount if the loan is discharged within 4 years of settlement
Monthly administration fee Monthly administration fee:$25 Monthly administration fee:$25 Monthly administration fee:$25 Monthly administration fee:$25

Features

Features

Features

Features

Features

Offset facility Offset facility:not available Offset facility:not available Offset facility:not available Offset facility:not available
Redraw Redraw:yes Redraw:yes Redraw:yes Redraw:yes
Online and Phone Banking Online and Phone Banking:yes Online and Phone Banking:yes Online and Phone Banking:yes Online and Phone Banking:yes
Repayment options Repayment options:Principal & Interest
Interest Only
Repayment options:Principal & Interest
Interest Only
Interest Only Period Interest Only Period:5 years (≤70% LVR)
3 years (>75% LVR)
Interest Only Period:5 years
Extra repayments allowed Extra repayments allowed:Unlimited Extra repayments allowed:Up to $20,000 p.a Extra repayments allowed:Unlimited Extra repayments allowed:Up to $20,000 p.a
Minimum Loan Amount Minimum Loan Amount:$150K Minimum Loan Amount:$150K Minimum Loan Amount:$150K Minimum Loan Amount:$150K
Loan term Loan term:up to 25 Years Loan term:up to 25 Years Loan term:up to 25 Years Loan term:up to 25 Years
Loan Split Loan Split:yes Loan Split:yes Loan Split:yes Loan Split:yes
Construction Construction:Not available Construction:Not available Construction:Not available Construction:Not available
Maximum loan to property value(LVR) Maximum loan to property value(LVR):75% up to $1m
70% up to $5m
Maximum loan to property value(LVR):75% up to $1m
70% up to $5m
Maximum loan to property value(LVR):65% less than $900,000 Maximum loan to property value(LVR):65% less than $900,000
Bridging finance available Bridging finance available:Not available Bridging finance available:Not available Bridging finance available:Not available Bridging finance available:Not available
Available for cash out / equity release Available for cash out / equity release:subject to LMI requirements Available for cash out / equity release:subject to LMI requirements Available for cash out / equity release:subject to LMI requirements Available for cash out / equity release:subject to LMI requirements

How to apply

To apply, or for more information, arrange a broker chat