Oak Capital Update

04th Apr, 2022 | Branch News 5 April 2022, Lender Updates

In this article:
Oak Capital is introducing its ‘Plus Account’ and more.

Below quick update on all things Oak Capital:

  • They have dropped their headline rate on lending secured by residential properties in metro locations across Melbourne, Sydney and Brisbane to 99% and 1.25% establishment fee up to 65% LVR
  • If the LVR remains under 40% they can now settle with no certified valuation – rates notice value will be adopted, meaning settlement can be facilitated within 48 hours of receiving a fully signed and completed application with supporting docs
  • For 70% LVR transactions, they have further reduced their rate to 6.99% with a 1.65% establishment fee
  • They have increased their loan terms from 12 months to 3 years across selected products
  • As always, Oak do not charge any upfront, non-refundable commitment fees and they never make an offer of any transaction they are not fully committed to funding 
  • Capitalised interest options for full loan terms are always available – a great solution for things such as Bridging Finance, challenges with Serviceability or Residual Stock transactions
  • They are fully transparent – their rate is their rate and they don’t play in the space of advertising a base rate then build in hidden monthly charges or added costs to the borrower
  • The Plus Account is going gangbusters – make sure you are across this awesome feature facility, which further complements their focus on supporting SME borrowers
  • They are a trusted brand in the market and are members of AFCA, MFAA, FBAA & CAFBA, as well as being on nine nationally operating aggregation panels (with more in the pipeline!)

*WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

If you have any questions, refer to your BDM.