Resi Commercial Property Loan

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Headline interest rate
8.15%

Max LVR
70%

Annual fee
$0

Moneybuddy says

Innovative product from Resi making commercial property investments much more tangible, with the chance to borrow up to 75% of a property's value. Genuinely interesting product - a commercial property loan that "acts like a residential home loan".

The Basics

Interest type Variable rate

Headline interest rate 8.15%

Max LVR 70%

Annual fee $0

The cool stuff: features

Draw down loan progressively -

Insurance details No Mortgage Insurance. Title insurance required.

Loan is Transferable Yes

Line of credit available Yes

Product suits Commercial - Retail

The Facts & Figures

Introductory rate -

Introductory term -

Interest rate 1 year 0%

Interest rate 2 years -

Interest rate 3 years -

Interest rate 4 years -

Interest rate 5 years -

Interest rate 7 years -

Interest rate 10 years -

Interest rate 15 years -

Comparison rate 1 year -

Comparison rate 2 years -

Comparison rate 3 years -

Comparison rate 4 years -

Comparison rate 5 years -

Comparison rate 7 years -

Comparison rate 10 years -

Comparison rate 15 years -

Comparison rate -

Minimum loan term -

Maximum loan term 20 years

Min loan amount $100,000

Max loan amount $1,500,000

Early repayments Yes

Redraw facility Yes

Repayment holiday -

Ability to split loan Yes

Extra repayments Yes

Offset account available -

Interest only payments Yes

The ugly stuff: fees

Application fee -

Valuation fee -

Subsequent valuation fee -

Valuation fee details -

Discharge fee -

Discharge fee details -

Legal fee -

Settlement fee -

Redraw fee -

* Important note: All information provided by advertiser or taken from advertiser website and correct at time of publishing. If this information is incorrect, please contact us.

Resi says

A commercial property loan that acts like a residential home loan. A truly innovative product, the CPL comes with a whole host of benefits that makes the dream of owning commercial property come true a lot easier that you might think, including: A longer 20 year loan period so you can repay the loan over the long-term. Interest only option for up to five years should you need to reduce your repayments. Borrow up to 75% of the property's value - from $100,000 to $1,500,000. No annual reviews means there's no lender constantly looking over your shoulder - saving you both time and money. Redraw facility any additional funds paid in are always available should the unexpected occur. Stand alone loan - no need to change your existing banking arrangements, so you can leave any existing loans right where they are. And naturally, a competitive rate of interest.