Refinance your Commercial Loan without Income Evidence?

Refinance Your Business Without Income Evidence?

You read that right, no income evidence is needed. We are excited to introduce a game-changing commercial loan product for businesses looking to refinance their commercial loan or business loan without the headache of paperwork and submission of any income evidence.


In 2022, a major bank in Australia decided to scrap the requirement of income evidence for businesses with an existing secured commercial loan. The refinance will ensure customers who pay more than 3% of interest will be able to obtain interest from the mid to high 2%, the customer can also extend their loan term up to 30 years.

Who is eligible?

In order to be eligible for this product. You have to meet the following requirements.

  • Have a maximum loan size no more than $AUD 1million
  • Existing business lending with a minimum of 12 months
  • 12-month good conduct on the existing business lending facility
  • The loan has to be under an entity, it can’t be under an individual.

How is the interest rate calculated?

The interest that can be offered is a competitive interest rate of mid 2% to high 2%, this depends on your loan to value ratio and the loan amount.

No Income Evidence Required

If no income evidence is required, how about the valuation fees and upfront fees? This is a very good question. A normal commercial valuation can cost between $1000 to $2000 and upfront fees of 0.5% of the loan amount. However, for a limited time, we will be covering both the valuation and upfront fees. How good is that?

If you would like to find out if you qualify, give us a call on 0433 068 970 as our consultation are at no cost to you.

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