Business Finance

Thu, 2009-04-23 14:23

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.