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Commercial
mortgages |
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Residential
mortgages |
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Construction
/ Development |
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Business
finance |
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Equipment
finance |
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Investment
lending |
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Market Variable Rate: Moves with the market and is based on the wholesale Bank Bill rates plus margins. |
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Carded Rates: A direct retail offering from a lender, typically what you get when you walk in of the street and into a branch. |
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Fixed Rates: A fixed interest rate on your facility over a specified term. |
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Collared Rates: Set a ceiling and a floor to your interest rate. Be assureed of your minimum and maximum repayment |
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Capped rates: Set a strike rate that triggers a maximum rate for your loan, it acts like an insurance policy against rising rates. |
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LVR: Loan to Value Ratio, is the exposure that the lender is willing to accept. A 75% LVR would mean that you will need a 25% deposit. |
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Wholesale rates on 26/07/2010 |
| RBA
Cash Rate |
| 04/05/2010 |
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4.50% |
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| Variable
Commercial Lend
BBSW |
| 30 Day |
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4.7200% |
| 90
Day |
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4.8200% |
| 180 Day |
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5.0633% |
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| Fixed
Commercial Swap Rates |
| 1 yr |
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5.015% |
| 3 yr |
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5.165% |
| 5 yr |
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5.435% |
| 10 yr |
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5.695% |
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All
rates are
indicative base
rates for commercial
property lending.
A lending margin
is to be added to these
rates which will determine the delivered rate to you. This customer margin is set by the lender pending the viability of the deal presented. |
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| Disclaimer:
While all reasonable
care has been
taken in the preparation
of this information,
QFB take no responsibility
for any actions
taken based on
information contained
herein or for
any errors or
omissions. Interested
parties should
seek independent
advice prior to
acting on any
information presented. |
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Welcome
to QFB, we
provide you with a
single point of contact
who you can call to
discuss scenarios
or general enquiries.
Decisions are made
locally, which means
that our response
is both fast and well
informed for the local
market.
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QFB
has access to leading
commercial, residential
lenders and private
funders within Australia,
this partnership allows
QFB to write finance
for the immediate needs
of small to medium sized
businesses and all the
way through to finance
of up to $100m for a
larger enterprise.
Raymond
Raaymakers
Commercial Business Manager |
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All commercial scenarios offered below are from reputable Banks, both main street and 2nd tier. The products are available to you through our volume of deals that we present and ultimately settle.
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| Commercial Rates on 26/07/ 2010 |
| Commercially secured properties, Fully Documented loans |
- Secured with full residential equity
- Variable market commercial facility from
- Carded variable rate upto 75% LVR
- 3yr Fixed rate from
- 5yr Fixed rate from
- Self Managed Super Fund lending upto 80% LVR
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| At home loan rates |
| 7.24% pa* |
| 7.70% pa |
| 8.15% pa |
| 8.43% pa |
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| Commercially secured, Lo-Document loans |
- Investment / owner occupied / refinance or equity release properties upto 75%LVR.
- Upto 25yr loan terms.
- No BAS statements or paperwork from Accountants.
- No annual reviews
- Self employed, Company, Trusts & PAYG applicants welcomed
- Requires 6 months Business Bank trading statements for assessment
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| Commercially secured Simple Document loans |
- Must have lease agreement in place as the deal is based on Net Rental income covering the interest repayments of the loan.
- Upto 65% LVR.
- No financials, No BAS statements,
- No bank trading statements required.
- No income checks whatsoever, deal is based on NET RENTAL INCOME !
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Lo Doc Rates |
LVR |
Variable |
1yr fixed |
2yr fixed |
3yr fixed |
4yr fixed |
5yr fixed |
≤ 60% |
8.79% |
8.45% |
9.10% |
9.40% |
9.60% |
9.65% |
≤ 65% |
8.99% |
8.65% |
9.30% |
9.60% |
9.80% |
9.85% |
≤ 70% |
9.29% |
8.95% |
9.60% |
9.90% |
10.10% |
10.15% |
≤ 75% |
9.54% |
9.20% |
9.85% |
10.15% |
10.35% |
10.40% |
Simple Doc Rates |
≤ 60% |
9.09% |
8.75% |
9.40% |
9.70% |
9.90% |
9.95% |
≤ 65% |
9.39% |
9.05% |
9.70% |
10.00% |
10.20% |
10.25% |
*Borrower Rate based on 30 Day BBSW + lenders customer margin, rounded up to the nearest 5 basis points eg: 30 day BBSW (4.500%) + Lenders Customer Margin (2.5%) = 7.00%.
Please Note: The above rates are purely indicative. These rates are indicative variable rates and indicative fixed rates, and are subject to change at any time. A firm quote on a fixed rate cannot be confirmed to the borrower until the date the rate is fixed. The above rates reflect the margin above the appropriate benchmark being the Bank Bill Rate. Terms, conditions, fees and charges apply on all products. |
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