Loan Amount

Minimum loan amount - $20 000

Maximum loan amount - No limit

Loan Term

Minimum 1 month

Maximum 3 months

Loan Purpose

Business or Investment purposes

Interest Rate

Starting at 3.0% per month fixed

Interest Calculations

Interest is calculated daily on outstanding balance and payable monthly in advance

Ongoing Fees

No ongoing account fees

Repayments

·         Interest Only repayments

·         Repayments must be made monthly from date of settlement

·         loan repayments must be made by direct debit from a bank account or via cheque

·         More frequent payments are permitted (i.e. weekly/fortnightly)

Voluntary Repayments

Additional repayments may be made at any time

Fees

Acceptance fee - $500.00 (includes GST and payable upfront)

Valuation fee - starting at $220 (includes GST and payable upfront)

Establishment fee - starting at 3% of the loan amount

Legal fees - starting at $880 (includes GST) plus stamp duty and disbursements

Income Certification

Lo Doc or Self-Certified Income