Borrow from us

Current Lending Rate *

8.99
% pa
* as at  December 31, 2023

All potential borrowers must complete a loan application with us. The loan application must detail the assets, liabilities, income and expenditure of the borrower, including evidence of income and expenditure and taxation assessments for 3 years prior to the application.

In more complex situations, cash flow projections are required. These projections may be required to be prepared by a chartered accountant. Credit references and checks will also be obtained, if considered appropriate.

Properties secured under a Loan with us are to be revalued every 3 to 4 years. BMI may consider more frequent (or earlier) revaluations in certain circumstances, including when a secured property is located in a geographically volatile area, or the status or circumstances relating to the borrower necessitate a revaluation.

Loans are negotiated to borrowers on an interest only basis, which requires interest to be paid quarterly in arrears. The principal component of the loan is to be repaid on demand of BMI.

For more information about our Loans, please refer to our Product Disclosure Statement PDS.

Discharge Authority

Current Lending Rate *

8.99
% pa

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