Our Current Interest Rates
Loans are variable rate interest only facilities paid quarterly in arrears. Borrowers also have the option of making principal repayments if desired.
The current standard variable interest rate on mortgage loans from the Murdoch Clarke Mortgage Fund is from 7.99% for agribusiness loans, 8.69% per annum for commercial loans, 9.94% for development loans, and 8.99% for SMSF loans. Click here to view the comparison rates.
Each change in the variable interest rate on mortgage loans will be notified in writing to borrowers and the current variable interest rate on mortgage loans from time to time will be published here.
Agri Loans
Security
Loans are secured by first mortgage up to 60% of value of security property.
Loan Purpose
- Acquisition of agricultural, rural or primary production land or primary security is agricultural, rural or primary production land; and
- Income to service loan derived primarily from agricultural or primary production sources.
Establishment Fees
0.30% of the loan amount (Minimum $1,000).
A higher establishment fee may be charged if MCMF determines that a higher fee is justified by the complexity of the loan.
All establishment fees are GST inclusive.
No recurring service or account fees. If the loan is refinanced within the first 6 months a 2% early repayment fee of the loan limit will apply. If the loan is refinanced within 6-12 months a 1% early repayment fee of the loan limit will apply.
Valuation fees are paid by the client.
Loan Approval
All decisions are made by the Murdoch Clarke Mortgage Fund Management Committee based on established lending criteria.
Commercial Loans
Security
Loans are secured by first mortgage up to 66.6% of value of residential, rural residential and commercial property, up to 60% of value of rural property, and up to 50% of value of hotels and specialised security.
Establishment Fees
0.40% of the loan amount (Minimum $1000).
A higher establishment fee may be charged if MCMF determines that a higher fee is justified by the complexity of the loan.
All establishment fees are GST inclusive.
No recurring service or account fees. If the loan is refinanced within the first 6 months a 2% early repayment fee of the loan limit will apply. If the loan is refinanced within 6-12 months a 1% early repayment fee of the loan limit will apply.
Valuation fees are paid by the client.
Loan Approval
All decisions are made by the Murdoch Clarke Mortgage Fund Management Committee based on established lending criteria.
Development / Construction Loans
Security
Loans are secured by first mortgage up to 66.6% of value of residential, rural residential and commercial property, up to 60% of value of rural property, and up to 50% of value of hotels and specialised security.
Progressive Drawdown
Loans can be progressively drawn down to assist in funding construction or business development projects, providing significant savings in finance charges.
Establishment Fees
0.75% of the loan amount (Minimum $2000).
A higher establishment fee may be charged if MCMF determines that a higher fee is justified by the complexity of the loan.
All establishment fees are GST inclusive.
No recurring service, account or early payout fees.
Valuation fees are paid by the client.
Loan Approval
All decisions are made by the Murdoch Clarke Mortgage Fund Management Committee based on established lending criteria.
SMSF Loans
Security
Loans are secured by first mortgage up to 66.6% of value of residential, rural residential and commercial property, up to 60% of value of rural property, and up to 50% of value of hotels and specialised security.
Loan Purpose
Acquisition of property and associated costs only.
Establishment Fees
0.75% of the loan amount (Minimum $3000).
A higher establishment fee may be charged if MCMF determines that a higher fee is justified by the complexity of the loan.
All establishment fees are GST inclusive.
No recurring service or account fees. If the loan is refinanced within the first 6 months a 2% early repayment fee of the loan limit will apply. If the loan is refinanced within 6-12 months a 1% early repayment fee of the loan limit will apply.
Valuation fees are paid by the client.
Financial Advice
The borrower must obtain independent financial advice from their financial advisor/accountant.
Loan Approval
All decisions are made by the Murdoch Clarke Mortgage Fund Management Committee based on established lending criteria.