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.
Lend ++
Maximise your loan-to-value ratio with the Lend ++ product, a 1st mortgage option designed to enhance your borrowing power.
Loan Size: $30,000 to $250,000
Loan Term: 3-12 Months
Loan Purpose: Extension of an existing 1st Mortgage with Renown for extra borrowing up to 75%-80% LVR
Interest Rates:
6 months:
18% (Up to and including 75% LVR)
24% (Above 75% to 80% LVR)
12 months:
20% (Up to and including 75% LVR)
36% (Above 75% to 80% LVR)
Fees:
Establishment Fee: 2.2%
Valuation & Legal Costs: At Cost
Risk Fee: 1.00% of Loan Amount
Total Fee: At Cost
Other Infrastructure: Available in selected areas in NSW, QLD, VIC, ACT, and SA Houses/Townhouses & Units only Requires an approved 1st mortgage with Renown and a clear exit strategy
Borrower Type: Company & Consumer Borrowers
Features:
Self-declared income
Interest-only repayments
Minimum loan term: 3 months
Prepayment required
Fully flexible, repay loan with 30 days' notice