TPT Wealth provides first mortgage finance for your commercial and business lending purposes. Our experienced staff will tailor a structured lending package to provide you with the funds you require to make a major purchase, improve existing assets, or to expand your business operations.
Why TPT Wealth
Traditional relationship management where you are able to deal directly with our commercial lending managers.
Combining personal service that you can trust with flexible and tailored lending solutions that offer competitive commercial loan interest rates & fee structures, option of long term interest only periods and local credit decision making.
Commercial Lending Experience
Our experienced relationship managers provide a pragmatic and flexible approach to commercial as well as business lending and a high level of personal service.
With TPT Wealth you can take advantage of a number of flexible options so that your commercial loan best suits your needs over the long term.
Assisting you with:
The purchase of commercial property
Construction & property development
Subdivision of land
Self-managed super fund (SMSF) property purchases
Refinances of business, commercial and SMSF lending
Our Interest Rates1
|Residential Security||5.70% p.a.|
|Commercial & Rural Security||5.90% p.a.|
|3 Month Reset Rate2||4.92% p.a.|
|1 Year||4.55% p.a.|
|2 Years||4.65% p.a.|
|3 Years||4.75% p.a.|
1 Customer margin may apply for SMSF lending or if the loan is deemed high risk.
2 Only available to approved new business. Minimum loan amount $500,000. Facility fee of $137.50 per quarter (including GST) applies, in addition to standard loan fees and charges. Rate resets on a quarterly basis with a predetermined formula, as detailed in individual loan agreements.
Frequently Asked Questions
Commercial loans are more complex and require more information than consumer lending. Due to this, for simple transactions if all supporting documents are provided upfront then we can generally provide a decision from 4 weeks. The application and credit decisioning process will take longer if the file is more complex or involves specialised security.
TPT Wealth Commercial loans do not have a set loan term. Instead the loans are provided for a one to three year loan term where they will then be reviewed. Provided that the loan is able to pass the review process, the loan will be extended for a further period.
TPT Wealth Self-Managed Super Fund loans are issued for up to 25 years depending on the security type.
Interest is charged quarterly in arrears. This is payable on the first of January, April, July and October. Statements will be provided prior to the end of the month that will outline the interest that is due.
Principal repayments will be due as outlined in your individual loan agreement.
A review fee will be charged to the loan account every 1 to 3 years depending on the structure of the loan.
There are no monthly, quarterly or yearly loan service fees unless the 3 month interest rest rate is chosen.
A breakdown of our fees and charges will be provided upon application.
Most loans will have redraw options available. No funds are able to redrawn whilst the loan has a fixed interest rate.
Surplus funds within the loan account can be accessed by completing the drawdown notice request form and providing this to your lending manager, emailing this to email@example.com or posting this to GPO Box 227, Hobart TAS 7001.
How much you are able to borrow depends on the security you are able to provide and your income to service the loans. Please contact one of our lending managers on 1300 138 044 and they will be able to discuss your situation in more detail.
- Self-employed individuals for non-personal lending purposes
- Business partnerships
- Companies (private and public)
- Family, Unit and Discretionary Trusts
- Self-Managed Super Funds
- If there is insufficient security to secure the loan
- Insufficient income to service the interest and loan repayments
- Securities in remote locations
- Credit impaired lending
- Borrowing for personal use
- Second mortgages.