Loanpal Prime Commercial

  
    
        
        Commercial Full Doc
        Commercial Alt Doc
        Commercial Lease Doc
      

    Loan PurposePurchase, refinance or equity release of residential or commercial property
Suitable BorrowersCompany, trust or individualCompany, trust or individualCompany, trust or individual
Property TypeO/O and INVO/O and INVINV only
Min Loan Amount$250,000$250,000$100,000
Max Loan AmountUp to $15,000,000Up to $15,000,000Up to $15,000,000
Maximum LVRUp to 80%Up to 80%Up to 70%
Loan Term10 - 30 years10 - 30 yearsUp to 30 years
Income DocumentationFull financials
and tax returnsBAS, bank statements
or accountant letterLease agreement
and rental income
Cash OutUnlimitedUnlimitedUnlimited
Debt ConsolidationUp to 5 unsecured debts (<3 credit cards, ATO debts not accepted)
Credit HistoryDefault paid up to $500 may be considered
Repayment OptionsP&I or IO up to 5 years
Split LoanUp to 5 loan splits
Repayment MethodsDirect Debit | BPAY | Pay anyone

  


  
  Commercial Full DocLoan 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 DocLoan 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 DocLoan 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

Loanpal Prime Commercial — Interest Rates and Fees

      Commercial Full Doc
      
        TypeLVRRate p.a.

        OO or INV

P+I or IOUp 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 LoansLoan > $3M, POA and 1.80% establishment fee

      
    

      Commercial Alt Doc
      
        TypeLVRRate p.a.

        OO or INV

P+I or IOUp to 65%8.54%
Up to 70%8.74%
Up to 75%8.94%
Up to 80%9.44%
Jumbo LoansLoan > $3M, POA and 1.80% establishment fee

      
    

      Commercial Lease Doc (Investment Only)
      
        TypeLVRRate p.a.

        INV

P+I or IOUp to 50%8.14%
Up to 65%8.29%
Up to 70%8.44%
Jumbo LoansLoan > $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)
      
SettlementEstablishment 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)
      

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 ）