Our Strata Management Loan is an unsecured loan provided directly to an Owners Corporation (also known as a Body Corporate or Strata Title community).
| Features | |
| Minimum loan amount | $0 |
| Maximum loan amount | As per policy limits |
| Maximum loan term | Principal & Interest: Variable - 20 years; Fixed - 2 years Interest Only: Variable - 5 years; Fixed - 5 years |
| Interest type | Variable or Fixed (Interest capitalisation not offered) |
| Interest calculation | Calculated daily, charged monthly |
| Repayment type | Principal & Interest or Interest Only |
| Repayment frequency | Principal & Interest: weekly, fortnightly or monthly; Interest Only: monthly |
| Extra repayments | Unlimited |
| Establishment fee | Based on the loan amount approved at the time of application |
| Monthly loan fee | Based on the loan amount approved at the time of application |
| Redraw | No |
| Pre-approval | Yes |
| Increase/top up | Yes |
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Eligibility criteria, terms and conditions, fees and charges apply.
