ANZ Commercial Broker Manager Update

30th Aug, 2021 | Branch News 31st August 2021

In this article:
ANZ can now offer 30-year loan terms for Commercial Lending limits up to $3m.

30-year loan terms for lending up to $3m

ANZ can now offer 30-year loan terms for Commercial Lending limits up to $3m.

The advantage of an extended loan term is that it will provide customers with additional cash flow through reduced monthly repayments.

For 30-year loan terms, the total ANZ aggregate commercial lending limit for a customer is to be no more than $3m.

Commercial property is to be taken as security and must be via the ANZ Business Loan (ABL) product. Further eligibility criteria apply so please contact us or your dedicated aligned business banker to discuss further.

No financials required: Client self-declares their financial performance

For commercial lending up to $1m, there is a loan application process called “Secured Lend” whereby the client self-declares the financial performance of their business and does not need to provide financial or tax returns.

The process is simple and quick ensuring that the client meets the criteria of:

  • The client has been trading for a full financial year
  • Provide: last ¼ BAS statement & ATO running tax portal
  • There has been no management or significant financial changes in the last FY

This process can be used for both purchase or refinance and LVRs of 80% on commercial security and up to 100% on residential security are available (if the residential property is encumbered, it scales back to an 80% LVR).

For any questions, please reach out to your BDM.