Loan Products

 

An interest-only loan for low LVR transactions secured by property in major metro areas (clean credit only)

Acceptable Borrowers Company or individual (provided funds used predominantly for business purposes)
Loan Purpose Any worthwhile business or investment purpose (‘non-coded’ loan)
Eligible Security Property (Residential, Commercial, Industrial, Land, No Rural)
Eligible Postcodes Metro Plus
Loan Amount $250,000- $10,000,000
Loan Term 6 months – 36 months
Maximum LVR Residential Up to 60.00%
Maximum LVR Commercial/Industrial Up to 50.00%
Maximum LVR Land Up to 45.00%
Interest Rate From 7.95%
Establishment Fee 1.65%
Interest Payments
  • Monthly in Advance
  • Capitalisation possible within LVR guidelines
Valuation
  • Valuation commissioned by and addressed to Assetline Capital (‘Market’ and ‘Forced Sale’ basis)
  • No valuation required for LVR’s less than 30%
Joint and Several Guarantees
  • All third-party security providers
  • All directors (particularly shareholder directors) of the borrowing entity
  • Any corporate shareholder of the borrowing entity
Main Supporting Documentation
  • Signed Application For
  • Borrower ID
  • Mortgage Statements
  • Rates Notices
  • Insurance Polices