| Interest rate |
From 9.15% |
| Establishment Fee |
from 0.33% of loan amount plus
GST |
|
Administration |
0.264% Per Annum |
| Maximum/Minimum Loan |
$200,000 to
$9,000,000 |
| Term |
1. 2. 3 or 5 years interest
only. |
| LVR Valuation |
70% of sworn valuation.
Independant
panel valuer to complete. |
| Security |
Improved/Income producing
properties or owner occupied. Preference is for commercial
properties however some non UCCC residential may be
considered.
(no development or construction finance available)
.
Specialised properties will also be considered (including
going concern) |
| Location |
All capital cities and
towns where the population exceeds 20,000 people. |
| Fees |
All legal and valuation
costs to be borne by applicant |
| Serviceability |
Depends upon deal. |
| Documentation Required |
| -
|
Two years tax return for
individuals |
| -
|
Two years company
accounts |
| -
|
Baycorpadvantage credit
report |
| -
|
Signed statement of
assets and liabilities |
| -
|
Letter of good conduct or
12 months loan statement for refinance. |
| -
|
Copy of Certificate of
Title |
| -
|
Copy of leases (if
applicable) |
| -
|
Copy of Copy of Contract
of Sale (if applicable) |
| -
|
Any other information
Centra Finance may consider
necessary. | |
