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 October 23, 2024

 General Lending Rates

Rates listed below are for a VARIABLE P&I product. Additional Information
Interest Rate
6.49% PA
Comparison Rate
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: Interest Only
  • 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: Principal And Interest
  • 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: Principal And Interest
  • 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