Smart Commercial Options

Posted: 31-10-2023

We’ve evolved our commercial loan options in partnership with brokers, and we’re excited to share these smart enhancements with you, effective 31 October 2023.

More loan options for clients:

Increased LVRs to 80% across Full Doc and Alt Doc options

Reduced minimum loan size to $100K

Increased maximum loan size to $5M

Expanded security types:

Vacant (hardstand) industrial/commercial land as a standalone security, up to 65% LVR
National Disability Insurance Scheme (NDIS), up to 70% LVR
Student accommodation, up to 70% LVR
Childcare centres valued ‘as-is’, up to 65% LVR
Boarding houses for Full/Alt Doc options up to 70% LVR

A real life approach:

2% serviceability buffer
Only one requirement for servicing on Full/Alt Doc options, with Interest Coverage Ratio (ICR) no longer needed
Annual reviews not required between $1M-$3M unless the LVR is >70% and Interest Only.
Accountants letter accepted up to $3M

Bank said no? Put it to the non-bank test.

Get a fast-paced review from our scenarios team. They can tell you when ‘no’ could be ‘yes’.

Submit a scenario

Information is correct as at 31 October 2023 and subject to change at any time.

Information provided is factual information only, and is not intended to imply any recommendation about any financial product(s) or constitute tax advice. If you require financial or tax advice you should consult a licensed financial or tax adviser. Applications are subject to credit assessment, eligibility criteria and lending limits. Terms, conditions, fees and charges apply

Smart Commercial Options

More loan options for clients:

Expanded security types:

A real life approach:

Bank said no? Put it to the non-bank test.

Important Information

Invested in your success