Resisec Business Loan
Use the equity in your residential property to secure a business loan to expand your business
Category: Business Loans Last Updated November 17, 2023 Effective May 3, 2024
General Lending Rates
Rates listed below are for a VARIABLE product. Additional Information
Interest Rate
6.49% PA
6.49% PA
Comparison Rate
0.00%PA*
0.00%PA*
Product rates will vary depending upon your financial position< LVR, and other criteria. The product may also vary depending upon the rate type, repayment type, or loan purpose. We encourage you to contact us for a full understanding of the product and terms.
Product Variations
Product rates and conditions will usually vary based on the LVR and other conditions..
up to 80%
- Lending Rate Type: Variable
- Interest Rate: 7.14%, Comparison Rate 0.00%
- Repayment Type:
- Loan Purpose:
up to 70%
Minimum: 0.6 PERCENT Maximum: 0.7 PERCENT
- Lending Rate Type: Variable
- Interest Rate: 6.59%, Comparison Rate 0.00%
- Repayment Type:
- Loan Purpose:
up to 60%
Minimum: $0.50 Maximum: $0.60
- Lending Rate Type: Variable
- Interest Rate: 6.49%, Comparison Rate 0.00%
- Repayment Type:
- Loan Purpose:
Product Features
- Digital Banking
- Redraw Additional Information: Redraw facility is available
Product Eligibility
- Business
Bank Fees and Charges
- Application Fee (Upfront), Amount: 500.00. Additional Information: 0.25% of loan amount, min. $500.00
- Monthly Account Keeping Fee (Periodic), Amount: 20.00.
- Redraw Fee (Transaction), Amount: 100.00.
- Late Repayment Fee (Payment), Amount: 50.00.
- Discharge Of Mortgage Fee (Event), Amount: 300.00. Additional Information: Plus legal costs
- Search Of Caveats, Covenants And Encumbrances (Upfront), Amount: 20.00. Additional Information: Per item
Limitations & Restrictions (Constraints)
- Min Limit of 50000.00
…
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