There is now a new loan product available for commercial funding under $1 million. Previously commercial loans had a higher interest rate than residential loans, were limited to a Loan to Value Ratio of 60-70% and the loan term was typically 10 years, making monthly repayments high.

In contrast, new commercial lending has a loan rate on par with residential loans, currently offering a variable rate of 4.39%, or fixed 3 year rate of 4.39%*. An offset account is available, and the loan term can be up to 25 years depending on the type of security. The Loan to Value Ratio can be up to 75%, and the application fee is $800, with no ongoing fees on the variable loan*.

This is a significant improvement in the terms of commercial lending, and ideal for new loans, or refinancing of existing commercial loans. Please give me a call on (02) 9908 9888 to discuss further.

Comparison Commercial Lending Terms














*Rates and Fees are indicative only and subject to change without notice.

Patricia Williams is a credited representative (CRN 400458) of BLSSA Pty Ltd (Australian Credit License No. 391237).