ISCOVER
Adelaide Bank has increased its maximum loan sizes on a suite of commercial products.
The non-major announced that its maximum loan sizes for SmartSuite Commercial will increase, effective and available for all submissions from Monday, 4 July.
To continue reading the rest of this article, please log in.
Looking for more benefits? Become a Premium Member.
Create free account to get unlimited news articles and more!
Looking for more benefits? Become a Premium Member.
The bank’s Full Documentation product has seen its maximum loan size increase by $2 million to $5 million, while its Low Documentation product now has a maximum loan size of $3 million, a $1 million jump.
Adelaide Bank’s Simple Documentation maximum loan size has doubled to $2 million.
Adelaide Bank national manager broker sales and distribution, Fons Caminiti, said the changes support the group’s commitment to providing brokers with great value and flexible commercial lending products.
“The increased maximum loan sizes mean that brokers can offer customers in metropolitan areas a simple commercial loan on an increased selection of properties,” Mr Caminiti said.
[Related: Brokers hamstrung by banks over new business]
