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Faraday West Lo–Doc Commercial Loan
Funded by leading Bank
General Criteria:
- Maximum loan amount $500,000
- Must be trading for 1 full year
- Current BASS Statement to confirm annual turnover
- ATO Running Statement with no tax
- Up to 80% LVR
| Residential Security | Commercial Security | Rural Security | |
|---|---|---|---|
| Purpose | Funding is 50% or more for business or investment purposes (PAYG customers do not qualify). Purchase, Refinance & working capital | ||
| Loan Amount | $50,0000 – $500,000 | $50,0000 – $500,000 | $50,0000 – $500,000 |
| LVR | 80% | 65% | 60% |
| Maximum Term | Up to 30 years | Up to 15 years | Up to 15 years |
| Repayment Term | Up to three years interest only or principal and interest with weekly, fortnightly or monthly repayment options. | ||
| Ongoing charges | $30 per month | $187.50 per quarter | $187.50 per quarter |
Contact a Faraday West Consultant for further information.
