Unlike traditional private loans, Connective Advance offers highly competitive interest rates. Customers typically benefit from lower upfront setup costs, along with access to longer loan terms. In addition, there are no penalties for early repayment and no clawback provisions.
Security property in Maroubra, NSW $6,178,500 | 70% LVR | 3 years IO | Residential home
The borrowers, both self-employed in the construction industry, were seeking to refinance an existing private facility that was nearing expiry.
Their goal was to list the property for sale within six months. However, their existing lender would only agree to a 12-month extension with pre-paid interest limiting their flexibility.
We provided a more suitable solution by offering a longer loan term with no exit costs if repaid early, giving the borrowers the breathing room they needed.
Private Loan Loan: No ongoing fees, no early repayment fees
Broker commission: 0.60% upfront (flexible up to 2.0%)
Please note: Private Loans do not attract trail commission.
Refer to our Product Info and Rates for full details or Contact the team if you have a SMSF scenario you’d like to discuss.
If you are weighing up a refinance, transitional funding or residual stock scenario, your Connective Lending Manager or Connective Advance BDM can help you identify the right private lending option for your client.
