No more clawback on our commercial loans
Posted: 01-02-2023
You spoke we listened. We’re introducing the below changes for commercial loans to help you and your clients succeed.
No commission clawback for early payouts
For new commercial loan applications submitted from 1 February 2023, the commission clawback for early payments will be no more.
Australia-wide funding
With the growing demand for commercial lending, we’ve increased our ability to fund both non-metro and metro areas. These changes could help support you and your customers.
Reduced legal fees
Real life can be un-fees-ible. That’s why we’re reducing our legal fee from $1,750 (incl. GST) to $750 (excl. GST)* for commercial loan applications submitted from 1 February 2023, saving your customers. Because every little bit helps.
Updated application fee
We’ve updated our commercial application fees across Prime and Near Prime, effective from 1 February 2023. Refer to the updated rate cards for all interest rates and fees.
Diverse product offering
To support you and your customers and make it easy to do business with us, we offer a range of flexible options:
- 100% offset options
- Direct access to the credit team
- 30 year loan terms
- Flexible cash out terms
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’.
