Can't find commercial loan rates

[Lei]

Hi, I'd like to know where I can find a list or table of commercial loan interest rates. I checked out the rates on different lender websites but it either wasn't really mentioned properly (said 'case by case') or just asked me to call them up and find out...

[Otto Dargan]

Hello Lei. Welcome to the forums.

Banks don't usually publish commercial loan interest rates because in most cases, it depends on the size of the loan, equity position and overall strength of your loan application.

This is why we have a list of rates, where lenders do have set pricing, and you can find it published on our commercial loan interest rates page.

You can also find rates for low doc as well as no doc commercial loans in the page. However, please note that it must be used as a guide only and so applicable rates may be different depending on your personal situation.

Cheers,
Otto

[Lei]

Thanks Otto. That was exactly what I wanted to find. I'll check out your website more and maybe enquire in a few days. Bye.

[Speed of Sound Sonic]

Hello, do you guys also have the different rates on LMI on different LVRs or something of the sort so I can browse through the details myself? I would really appreciate it if you can reply back by tomorrow as I'll be out for a week. Thanks.

[Otto Dargan]

Hi Speed of Sound Sonic,

Yes, we do have an LMI rates table, which you can refer to.

However, it should be noted that the premium tables include rates used by one of our lenders and so must be used as a guide only since premiums vary between different lenders and mortgage insurers.

If you have any trouble with the rates, you can try our LMI calculator or call us on 1300 889 743 to discuss your situation directly with one of our credit specialists. You can also enquire online.

Cheers,
Otto

[Speed of Sound Sonic]

Thanks for replying so quickly. I will check out your website for now and may enquire after I return from holiday.