Commercial Lending Update October 2019
Commercial lending for the month of October 2019 has seen interest rates decrease across most types of loans. Due to the Reserve Bank of Australia’s interest rate reductions commercial lending products has seen decreases in fixed and variable rates.
Below are some of the interest rates that can be sourced depending on your lending requirements and security type.
Today’s Interest Rates
| Lender | Loan Type | Security Type | Interest Rate | Max LVR | |
|---|---|---|---|---|---|
| Commercial Reference Rate | Variable Interest Rate from | Commercial Security | 3.47% to 5.37% plus risk margin | Up to 75% | Enquire |
| Bank | Variable | Residential Security | 3.47% – 4.19% | 80% | Enquire |
| Bank | Fixed Rates From | Residential Security | 3.49% – 4.14% | 80% | Enquire |
| Bank | Variable Rates From | Commercial Security | 3.47% – 5.74% | Up to 80% | Enquire |
| Bank | Lease Doc Variable | Commercial Security | 4.59% – 5.99% | 60% to 80% | Enquire |
| Bank | Commercial Equity Loan From | Commercial Security | 4.69% to 6.25% | 60% to 80% | Enquire |
| Bank | 1 Year Fixed Rate From | Commercial Security | 3.85% – 6.01% | Up to 80% | Enquire |
| Bank | 2 Year Fixed Rate From | Commercial Security | 3.68% – 5.83% | Up to 80% | Enquire |
| Bank | 3 Year Fixed Rate From | Commercial Security | 3.48% – 5.74% | Up to 80% | Enquire |
| Bank | 4 Year Fixed Rate From | Commercial Security | 3.65% – 5.14% | Up to 80% | Enquire |
| Bank | 5 Year Fixed Rate From | Commercial Security | 3.74% – 5.24% | Up to 80% | Enquire |
| Various Lenders | Development Rate From | Commercial Security | from 3.70% | Up to 75% | Enquire |
| Non Bank | SMSF Self Managed Super Fund | Commercial Security | from 4.95% | Up to 70% | Enquire |
Please Note: that the above interest rates are only examples. Interest rates are subject to change and vary according to security type, property type, borrow amount against the properties value, loan amount, location, use and purpose. Please complete an online form so we can assess your commercial lending needs
If you have any questions about these announcements or interest rates, please feel free to contact us.
Calculate the cost of commercial lending please feel free to use one of our calculators at commercial loan calculators.
For more information regarding commercial finance loans for owner occupied and investment purposes please visit commercial loans website
