Purchase and re-finance of industrial, retail & office for investors and owner-occupiers
Interest rate update as at 10th June 2022
Line of Credit Option ~ add 0.30% to the above rates
Information is correct as of 22 June 2022 and subject to change at any time.
Applications are subject to the lender's credit assessment, eligibility criteria and lending limits. Terms, conditions, fees and charges apply.
©Pepper Money Limited ABN 55 094 317 665; AFSL 286655; Australian Credit Licence 286655 ("Pepper"). All rights reserved. Pepper is the servicer of home loans provided by Pepper Finance Corporation Limited ABN 51 094 317 647.
| Establishment Fee |
Option 1: Establishment Fee 0.95% - No ongoing fees. Option 2: Establishment Fee 0.75% - Monthly account fee $20 ($10 per split loan) GST exclusive. Min Establishment Fee $1,100 incl. GST- 50% payable upon acceptance of Letter of Offer. |
| Zero Fee Option |
No valuation, legal, title insurance or establishment fees except for NCCP Loans. Commitment Fee payable on approval – refunded at settlement Borrower has the option of: • Adding 0.30% over 5 years to above rate or adding 0.50% over 3 years (then returns to standard rate). |
| Term | Up to 30 years - Up to 5 years interest only on Full Doc. Interest only period may be rolled over at Thinktank’s discretion otherwise converts to P&I with no fee. |
| Fees | No monthly or annual fees (except for Option 2 above). Interest rate is all inclusive ($350 Settlement fee on all loans GST free). The establishment fee and all borrowing costs including but not limited to the lender’s settlement fee, valuation, professional legal fees, title insurance fee and disbursements are to be met by the borrower. Loan increases and further advances attract a fee of 0.50% on all amounts, inclusive of introducer commissions. |
| Interest | Charged monthly in arrears by direct debit, calculated daily. |
| Title Insurance | Title insurance required on all loans. Please refer to Title Insurance Information sheet for further details & pricing. |
❖ The above interest rates are indicative and subject to change without notice.
❖ Please refer to our website for the most up to date rate and product information.
❖ Refer to your Relationship Manager for loan applications when falling in the top LVR bands for any additional requirements that may arise. Refer to Income Verification Alternatives document for all requited supporting document information.
❖ GST to be added to all fees and commissions amounts except where otherwise stated.
❖ Commitment Fee payable upon acceptance of Letter of Offer is 50% of establishment fee (min $550 incl. GST) plus the valuation cost.
❖ Standard minimum Interest Cover is 1.75x for loans under <= $2m, 2.00x for loans over $2m.
❖ Each loan is subject to credit approval at the sole discretion of Think Tank Group Pty Limited. Redraw fee is $25.
❖ Early Repayment Fee of 1 month interest on original loan balance for first 3 years of loan term.
❖ Fixed rate loans may incur an additional cancellation charge on additional or early repayments.
Please note – additional serviceability, cash flow confirmation may be required under Covid-19 conditions.
Line of Credit Option ~ add 0.30% to the above rates
| Establishment Fee |
Option 1: Establishment Fee 0.95% - No ongoing fees. Option 2: Establishment Fee 0.75% - Monthly account fee $20 ($10 per split loan) GST exclusive. Min Establishment Fee $1,100 incl. GST- 50% payable upon acceptance of Letter of Offer. |
| Zero Fee Option |
No valuation, legal, title insurance or establishment fees except for NCCP Loans. Commitment Fee payable on approval – refunded at settlement Borrower has the option of: • Adding 0.30% over 5 years to above rate or adding 0.50% over 3 years (then returns to standard rate). |
| Term | Up to 30 years - Up to 5 years interest only on Full Doc. Interest only period may be rolled over at Thinktank’s discretion otherwise converts to P&I with no fee. |
| Fees | No monthly or annual fees (except for Option 2 above). Interest rate is all inclusive ($350 Settlement fee on all loans GST free). The establishment fee and all borrowing costs including but not limited to the lender’s settlement fee, valuation, professional legal fees, title insurance fee and disbursements are to be met by the borrower. Loan increases and further advances attract a fee of 0.50% on all amounts, inclusive of introducer commissions. |
| Interest | Charged monthly in arrears by direct debit. Line of Credit facility is interest in arrears, calculated daily. |
| Title Insurance | Title insurance required on all loans. Please refer to Title Insurance Information sheet for further details & pricing. |
❖ The above interest rates are indicative and subject to change without notice.
❖ Please refer to our website for the most up to date rate and product information.
❖ Refer to your Relationship Manager for loan applications when falling in the top LVR bands for any additional requirements that may arise. Refer to Income Verification Alternatives document for all requited supporting document information.
❖ GST to be added to all fees and commissions amounts except where otherwise stated.
❖ Commitment Fee payable upon acceptance of Letter of Offer is 50% of establishment fee (min $550 incl. GST) plus cost of valuation.
❖ Standard minimum Interest Cover is 2.0x at actual rate for Quick Doc loans.
❖ Each loan is subject to credit approval at the sole discretion of Think Tank Group Pty Limited. Redraw fee is $25.
❖ Early Repayment Fee of 1 month interest on original loan balance for first 3 years of loan term.
❖ Fixed rate loans may incur an additional cancellation charge on additional or early repayments.
Please note – additional serviceability, cash flow confirmation may be required under Covid-19 conditions.
Line of Credit Option ~ add 0.30% to the above rates
| Establishment Fee |
Option 1: Establishment Fee 0.95% - No ongoing fees. Option 2: Establishment Fee 0.75% - Monthly account fee $20 ($10 per split loan) GST exclusive. Min Establishment Fee $1,100 incl. GST- 50% payable upon acceptance of Letter of Offer. |
| Zero Fee Option |
No valuation, legal, title insurance or establishment fees except for NCCP Loans. Commitment Fee payable on approval – refunded at settlement Borrower has the option of: • Adding 0.30% over 5 years to above rate or adding 0.50% over 3 years (then returns to standard rate). |
| Loan Size Limits | Quick Doc up to $2m for security properties located in population areas >50,000 only. |
| Fees | No monthly or annual fees (except for Option 2 above). Interest rate is all inclusive ($350 Settlement fee on all loans GST free). The establishment fee and all borrowing costs including but not limited to the lender settlement fee, valuation, professional legal fees, title insurance fee and disbursements are to be met by the borrower. Loan increases and further advances attract a fee of 0.50% on all amounts, inclusive of introducer commissions. |
| Interest | Charged monthly in arrears by direct debit, calculated daily. |
| Title Insurance | Title insurance is required on all loans. Please refer to Title Insurance Information sheet for further details & pricing. |
❖ The above interest rates are indicative and subject to change without notice.
❖ Please refer to our website for the most up to date rate and product information.
❖ Refer to your Relationship Manager for loan applications when falling in the top LVR bands for any additional requirements that may arise. Refer to Income Verification Alternatives document for all requited supporting document information.
❖ GST to be added to all fees and commissions amounts except where otherwise stated.
❖ Commitment Fee payable upon acceptance of Letter of Offer is 50% of establishment fee (min $550 incl. GST) plus cost of valuation.
❖ Standard minimum Interest Cover is 2.0x at actual rate for Quick Doc loans.
❖ Each loan is subject to credit approval at the sole discretion of Think Tank Group Pty Limited. Redraw fee is $25.
❖ Early Repayment Fee of 1 month interest on original loan balance for first 3 years of loan term.
❖ Fixed rate loans may incur an additional cancellation charge on additional or early repayments.
Please note – additional serviceability, cash flow confirmation may be required under Covid-19 conditions.
* Refer to SMSF Loan Submission Checklist and Income Verification Alternatives document (Full Doc section) for all required supporting document information.
Connective Advance Commercial SMSF Loan Features |
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Important Message on SMSF LRBA Loan Documentation Requirements for all BorrowersThe rules for setting up a Self Managed Superannuation Fund and borrowing through it are complex and can have serious tax implications if proper advice is not obtained every step of the way. It is important that every borrower obtains due financial planning, accounting and legal advice from professionals who have specific expertise in Self Managed Superannuation Funds. We recommend that you seek to ensure that your client has taken steps to appoint properly qualified professionals to help them from commencement of the transaction as this is likely to assist in avoiding costly errors and delays. |
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| Establishment Fee | Standard Establishment Fee is 0.95% (GST exclusive) with the borrower paying all fees including but not limited to, the lenders settlement fee, valuation, professional legal fees, title insurance and disbursements. |
| Zero Fee Option | No valuation, legal, title insurance or establishment fees. Commitment Fee payable on approval – refunded at settlement Borrower has the option of adding 0.30% over 5 years to above rate, or adding 0.50% over 3 years (then returns to standard rate) |
| Fees | No monthly, annual fees or other recurring fees. *GST to be added to all fees and commission amounts except where otherwise stated. |
| Finance Brokers | Thinktank works closely with industry accredited finance brokers and recommends the additional expertise and services they can offer in the submission and management of commercial property finance applications. For a recommendation to a Thinktank accredited broker near you, please contact our office on 1300 781 043 or deal@thinktank.net.au. |
| LRBA Essentials Guide | We strongly recommend you refer to the Thinktank SMSF Commercial Loan Essentials Guide to best manage an SMSF loan. |
| Things to Note | Please note – additional serviceability, cash flow confirmation may be required under Covid-19 conditions. The above interest rates are indicative and subject to change without notice. |
