Macquarie Property Versatile

 General Lending Rates

 Product Features

• Other Additional Information: Maximum loan term of 30 years.

• Other Additional Information: Sub-accounts available. Set up multiple sub accounts to draw down on the overarching facility limit. All sub-accounts are required to be on the same interest rate and repayment type. All sub-accounts must have the same loan purpose as the overarching facility.

• Other Additional Information: Flexible repayment structures. Principal and Interest, Interest Only and Fixed Principal + Interest repayment types available. Principal and Interest: Fixed regular payments that cover both principal and interest. Interest only: Maximum Interest only loan term of 5 years, subject to credit approval. Fixed Principal + Interest: Repayments made up of a set principal repayment amount plus interest accrued eg. Monthly repayment of $2,000 off the principal plus interest accrued for that month.

• Other Additional Information: Loan Collateral Residential Property

• Extra Repayments

• Bill Payment

• Unlimited Txns Additional Information: Unlimited transactions permitted, up to the specified limit.

• Redraw Additional Information: Redraw of funds is available.

• Relationship Management Additional Information: Relationship servicing. Dedicated relationship team who specialise in different industries and can provide tailored solutions and industry information.

• Guarantor

• Digital Banking Additional Information: Manage Banking Online

• Fraud Protection Additional Information: Safe and secure - Macquarie Authenticator adds an extra layer of customisable security to your banking

 Product Eligibility

• Business

• Min Age - 18.

• Other Additional Information: Borrowers: Individual, Company, Partnership, Trust

 Bank Fees and Charges

• Establishment Fee (Upfront), Amount: Not Listed.. Additional Information: Individual: $1,000. Corporate Borrowers: ≤$3m up to 0.50% of limit >$3m available (& negotiable) on application

• Break Cost (Event), Amount: Not Listed.. Additional Information: Fixed rate break cost fee may apply A break cost fee may be payable on early repayment during a fixed rate period if any of these events occur: the whole or part of a fixed rate account is repaid before the end of the fixed rate term; the repayments made are more than the minimum amount required during the fixed rate term; or the whole or part of a fixed rate account is changed to another type of interest rate, repayment type, or fixed rate period.

• Registration, Government Transaction Charges & Third Party Fees (Event), Amount: Not Listed.. Additional Information: Registration, Government Transaction charges & third party fees may apply.

 Limitations & Restrictions (Constraints)

• Min Limit of 1000000.00 Additional Information: Target loan size is $1,000,000 and above.

• Max Lvr of 0.80 Additional Information: Residential Property up to 80%. Property Security LVR is dependent on location and value of Security. Loans to medical professionals with a fellowship from an Australian Medical College or healthcare businesses meeting our Health Goodwill Guidelines can receive up to an additional 10% LVR if the lending is against the residential property (excluding 'retail' borrower investments. A 'retail' borrower includes an investor in residential property that is an individual regulated under NCCP or is a company that is not a trading business or has less than 4 properties). Lending criteria apply.

 Document Downloads

  commercial-lending-guide.pdf (764 K)