Banks and lenders have continued lowering their serviceability requirements, reflecting their renewed interest in lending. In other words, they are looking to lend money at lower rates and higher amounts!  The loans below are indicative of the changing lending environment.

Featured loan – Unsecured, working capital up to $500k

Great for businesses that fall into one of the following categories:

  • Needs fast access to funds
  • Prefers not to use security for the loan (unsecured loan)
  • Cash flow fluctuations occur due to seasonal factors
  • Accessing bank finance has proven too challenging.

    Minimum criteria:
  • Registered Australian business with Australian bank accounts
  • Profitable and growing business
  • Annual turnover greater than $200k
  • Has been operating for more than 18 months
  • No bankruptcies or insolvencies.

Business loans – 3.99 per cent*

  • Residential or commercial properties as security
  • Up to 80 per cent LVR for residential and 70 per cent for owner-occupied commercial properties
  • Up to three-year term
  • Loan amounts up to three years.

*4.49 per cent comparison rate

SMSF loans – borrow up to $3m

  • Up to 80 per cent LVR
  • Off-the-plan purchases considered
  • Can purchase residential or commercial properties.

Low-doc loans

  • Cash out okay
  • Up to 80 per cent LVR
  • Loans up to $1.7m.

Cash flow loans for business – rates start from 8 per cent

▪ Improved residential property (non-consumer loans)

▪ Loan size $400,000 - $2,000,000 (per site)

▪ Interest monthly or pre-paid

▪ LVR max 60 per cent

▪ Term 6 - 12 months

▪ Simple and quick access to funds loans only available in August due to limited funding.

Home loan – 3.29 per cent*

  • Up to 90 per cent LVR
  • Owner-occupier home loan
  • Principle and interest

*3.30 per cent comparison rate

Commercial lending specials

  • Secured loans up to $3m
  • Up to 75 per cent LVR
  • Loan terms up to 25 years
  • Flexible cash-out options.

At the very least, contact us to see whether you can get better rates / discounts from your existing lender or bank. Call on 1300 137 539 or email harry@chocolatemoney.com.au for loan enquiries.

Please note: all loans listed are subject to lending criteria, fees and charges.  Information was correct at time of printing but criteria is subject to change as per Lenders’ policies.

Chocolate Money t/a Master Builders Financial Services

Australian Credit License - 387277