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Business Finance

Thu, 2009-04-23 14:23 — administrator

Fighting Fund Business Finance Current as at 14th April 2009

 

FEATURES
 * Fighting Fund Offer

BUSINESS EDGE  
Residential Security

 * Fighting Fund offer

BUSINESS EDGE
Commercial Security

 BUSINESS EDGE  

Residential Security
Commercial Security
RATES, variable
RATE
4.99%

12 month variable rate
4.99%

12 month variable rate
7.39%
MIN LOAN AMT
$250,000
$250,000
$250,000
MAX LOAN AMT
$5m
$5m
$2m
MAX LVR
80%
70%
70%
80%
APP FEE ** 0.5% of loan amount,  minimum charge $700 ** 0.5% of loan amount,  minimum charge $700 0.5% of loan amount,  minimum charge $700
MONTHLY FEE
NO (< $3m)
NO (< $3m)
NO
ANNUAL FEE
NO (< $3m)
NO (< $3m)
NO
INTEREST ONLY (OPTION 1-5 YEARS)
YES
YES
YES
MAX TERM
30 Years
15 Years
30 Years (Resi)
15 Years (Comm)
REDRAW
(MIN $1000)
Only available on P&I facilities
Only available on P&I facilities
Only available on P&I facilities
REDRAW FEE
$100
$100
$100
EXIT FEES
YES ***
YES ***
N/A

*   Lending offer is available for applications until 30th June, with drawdown by 31st of August 2009.
     Lending is for new money only.
     Fighting Fund 12 month variable introductory rate of 4.99% (Business Edge Reference Rate less appropriate margin).
     At the end of the introductory period loan will revert to a standard Business Edge Loan.
** Limit Establishment Fee – 0.90% of total limit with 0.40% waived subject to minimum 3 year term.
*** Please note – if loan is refinanced to another financial institution or paid out within 3 years the waived portion of the
     Limit Establishment Fee (0.40%) is to be charged.
No deviation to offer is permitted
 4.99% p.a. offer converts to standard variable Business Edge Loan after 12 months introductory term, with option to fix the interest rate. Minimum $250K and maximum $5 million. Up to 30 year term. Lending criteria, and fees and charges apply. Terms and Conditions apply and are available on request. Offer and rates are current as at 27/03/2009 and subject to change without further notice.




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