Renown Lending offers tailored lending solutions designed to meet the financial needs of businesses across various sectors. Our comprehensive product range includes both basic and specialist loan products, ensuring flexibility and suitability for different client requirements.

2nd Mortgage Solutions

Boost Up Loan

Need extra leverage? The Boost Up product provides 2nd mortgage solutions to give your business that additional push.

  • Loan Size: $50,000 to $1,000,000

  • Loan Term: 3-12 Months

  • Loan Purpose: Business Purposes

  • Interest Rates: From 18% (subject to LVR, Security type, and loan)

  • Fees:

    • Establishment Fee: 2.2%

    • Valuation & Legal Costs: At Cost

    • Risk Fee: 1.00% of Loan Amount

    • Total Fee: At Cost

  • Max LVR by Security:

    • Established:

      • 70% LVR: Metro (Residential)

      • 65% LVR: All other Securities

    • Vacant:

      • 65% LVR: Metro

      • 60% LVR: Regional

  • Borrower Type: Company Borrowers only

  • Features:

    • Self-declared income

    • No locked-in contract

    • Early loan repay (no penalties)

    • Interest-only repayments

    • Capped & Pre-paid Interest