Loanpal Prime Commercial
| Commercial Full Doc | Commercial Alt Doc | Commercial Lease Doc | |
|---|---|---|---|
| Loan Purpose | Purchase, refinance or equity release of residential or commercial property | ||
| Suitable Borrowers | Company, trust or individual | Company, trust or individual | Company, trust or individual |
| Property Type | O/O and INV | O/O and INV | INV only |
| Min Loan Amount | $250,000 | $250,000 | $100,000 |
| Max Loan Amount | Up to $15,000,000 | Up to $15,000,000 | Up to $15,000,000 |
| Maximum LVR | Up to 80% | Up to 80% | Up to 70% |
| Loan Term | 10 - 30 years | 10 - 30 years | Up to 30 years |
| Income Documentation | Full financials and tax returns | BAS, bank statements or accountant letter | Lease agreement and rental income |
| Cash Out | Unlimited | Unlimited | Unlimited |
| Debt Consolidation | Up to 5 unsecured debts (<3 credit cards, ATO debts not accepted) | ||
| Credit History | Default paid up to $500 may be considered | ||
| Repayment Options | P&I or IO up to 5 years | ||
| Split Loan | Up to 5 loan splits | ||
| Repayment Methods | Direct Debit | BPAY | Pay anyone | ||
Commercial Full Doc
Loan Purpose
Purchase, refinance or equity release of residential or commercial property
Suitable Borrowers
Company, trust or individual
Property Type
O/O and INV
Min Loan Amount
$250,000
Max Loan Amount
Up to $15,000,000
Maximum LVR
Up to 80%
Loan Term
10 - 30 years
Income Documentation
Full financials and tax returns
Cash Out
Unlimited
Debt Consolidation
Up to 5 unsecured debts (<3 credit cards, ATO debts not accepted)
Credit History
Default paid up to $500 may be considered
Repayment Options
P&I or IO up to 5 years
Split Loan
Up to 5 loan splits
Repayment Methods
Direct Debit | BPAY | Pay anyone
Commercial Alt Doc
Loan Purpose
Purchase, refinance or equity release of residential or commercial property
Suitable Borrowers
Company, trust or individual
Property Type
O/O and INV
Min Loan Amount
$250,000
Max Loan Amount
Up to $15,000,000
Maximum LVR
Up to 80%
Loan Term
10 - 30 years
Income Documentation
BAS, bank statements or accountant letter
Cash Out
Unlimited
Debt Consolidation
Up to 5 unsecured debts (<3 credit cards, ATO debts not accepted)
Credit History
Default paid up to $500 may be considered
Repayment Options
P&I or IO up to 5 years
Split Loan
Up to 5 loan splits
Repayment Methods
Direct Debit | BPAY | Pay anyone
Commercial Lease Doc
Loan Purpose
Purchase, refinance or equity release of residential or commercial property
Suitable Borrowers
Company, trust or individual
Property Type
INV only
Min Loan Amount
$100,000
Max Loan Amount
Up to $15,000,000
Maximum LVR
Up to 70%
Loan Term
Up to 30 years
Income Documentation
Lease agreement and rental income
Cash Out
Unlimited
Debt Consolidation
Up to 5 unsecured debts (<3 credit cards, ATO debts not accepted)
Credit History
Default paid up to $500 may be considered
Repayment Options
P&I or IO up to 5 years
Split Loan
Up to 5 loan splits
Repayment Methods
Direct Debit | BPAY | Pay anyone
Commercial Full Doc
| Type | LVR | Rate p.a. |
|---|---|---|
| OO or INV P+I or IO | Up to 60% | 7.74% |
| Up to 70% | 8.04% | |
| Up to 75% | 8.24% | |
| Up to 80% | 8.44% | |
| Add-on(s) | 1-Year financials: +0.4% p.a | |
| Jumbo Loans | Loan > $3M, POA and 1.80% establishment fee |
Commercial Alt Doc
| Type | LVR | Rate p.a. |
|---|---|---|
| OO or INV P+I or IO | Up to 65% | 8.54% |
| Up to 70% | 8.74% | |
| Up to 75% | 8.94% | |
| Up to 80% | 9.44% | |
| Jumbo Loans | Loan > $3M, POA and 1.80% establishment fee |
Commercial Lease Doc (Investment Only)
| Type | LVR | Rate p.a. |
|---|---|---|
| INV P+I or IO | Up to 50% | 8.14% |
| Up to 65% | 8.29% | |
| Up to 70% | 8.44% | |
| Jumbo Loans | Loan > $3M, POA and 1.80% establishment fee |
Fees and Charges
| Category | Fee Item | Commercial Full Doc | Commercial Alt Doc | Commercial Lease Doc |
|---|---|---|---|---|
| Conditional Offer | Valuation & Administration Fee | At Cost | At Cost | At Cost |
| Settlement | Establishment Fee | 1.40% | 1.55% | 1.55% |
| Lender’s Legal Fees | At Cost, plus disbursements | At Cost, plus disbursements | At Cost, plus disbursements | |
| Other Fees | Early Repayment Fee | 1 Month Interest | 1 Month Interest | 1 Month Interest |
| Discharge | Discharge Fee | $550, plus lender's legal fees at cost | $550, plus lender's legal fees at cost | $550, plus lender's legal fees at cost |
Conditional Offer
Valuation & Administration Fee
At Cost (All Products)
Settlement
Establishment Fee
Full Doc
1.40%
Alt / Lease Doc
1.55%
Lender’s Legal Fees
At Cost, plus disbursements (All Products)
Other Fees
Early Repayment Fee
1 Month Interest (All Products)
Discharge
Discharge Fee
$550, plus lender's legal fees at cost (All Products)
Loanpal Prime Commercial —Interest Rates and Fees
Acceptable Securities
Standard Securities
• Offices
• Retail shops
• Industrial warehouses
• Factories
• Professional suites
• Medical suites
• Mixed-use properties
• Shopping centres
• Commercial strata properties
• Residential unit blocks under a single title (Full Doc & Alt Doc only)
Specialised Securities Considered Case by Case
• Hotels / Motels / Pubs 60% LVR
• Serviced apartments > 50m2
• Childcare centres 65% LVR
• Boarding houses / Rooming houses 80% LVR
• Function centres 70% LVR
• Storage units > 50m² 70% LVR
• Car yards 65% LVR
• Car parks 65% LVR
• Car washes 65% LVR
• Panel beating premises 80% LVR
• Fast-food franchise premises 80% LVR
• Vacant land 65% LVR
• Other specialised commercial properties （ Please check with your BDM ）