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