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Specialist Commercial

Specialist Commercial

The Specialist Commercial Loan is a flexible loan with a maximum LVR of 75% and ideally suited to PAYG / Self Employed investors or owner occupiers who have some credit impairment and may be unable to provide full 2 years Tax Returns and Financials, or who have been Self Employed in their current business for less than 2 years and require a ‘set and forget’ loan facility.

Either Fully Verified income or Declared Income (supported by Accountant Letter or 6 months business trading statements or 2 most recent BAS statements) options are available.

Some product highlights include:

  • Self employed or PAYG borrowers
  • Loan terms 15-30 years
  • Interest Only up to 5 years
  • No annual reviews or valuations
  • Annual admin fee 0.1% of loan amount
  • Redraw available
  • Maximum loan amount $1.5m
  • LVR based upon Real Estate value only
  • Purchase or refinance of existing dwellings (no vacant land or construction)
  • Cash out acceptable at Underwriter discretion
  • Defaults under $1k, registered over 2 years ago and a maximum of 5 other Veda credit impairments are acceptable with a suitable explanation
  • Late repayments up to 30 days acceptable
  • Minimum Self Employed period 12 months
  • Category 1 locations only

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Any advice on this website does not take into account your objectives, financial situation or needs and you should consider whether it is appropriate for you. Before making any decision in relation to a Better Choice product, you should read the relevant disclosure document. All rates and fees quoted in our products are indicative only and can change dependent on your personal circumstances. Conditions and fees apply.

Comparison rate is based on a loan of $150,000 principal over a 25 year term. The Comparison Rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees and cost savings such as fee waivers are not included in the comparison rate but may influence the cost of the loan.

Better Choice Home Loans Pty Ltd & Better Choice Commercial (a division of Better Choice Home Loans Pty Ltd) 2000- ABN 79 095 728 868 | Australian Credit Licence 378333