Our Loans

Our Current Interest Rate – 6.50%

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 6.50% per annum. 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.


Commercial Loans

Security

Loans are secured by first mortgage up to 66.6% of value of residential, rural residential and commercial property and up to 50% of value of rural property, hotels and specialised security.

Establishment Fees

$500 – loan top up
$1,000 – loans up to $250,000
$1,500 – loans $250,000 to $500,000
$2,000 – loans $500,000 to $1,000,000
$2,500 – loans $1,000,000 to $1,500,000
$3,000 – loans $1,500,000 to $2,000,000
$3,500 – loans $2,000,000 to $2,500,000
$4,000 – loans $2,500,000 and above

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.


Development / Construction Loans

 

 

Security

Loans are secured by first mortgage up to 66.6% of value of residential, rural residential and commercial property and up to 50% of value of rural property, 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

$2,000 – loans up to $250,000
$3,000 – loans $250,000 to $500,000
$4,000 – loans $500,000 to $1,000,000
$5,000 – loans $1,000,000 to $1,500,000
$6,000 – loans $1,500,000 to $2,000,000
$7,000 – loans $2,000,000 to $2,500,000
$8,000 – loans $2,500,000 and above

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 and up to 50% of value of rural property, hotels and specialised security.

Loan Purpose

Acquisition of property and associated costs only.

Establishment Fees

$3,000 – loans up to $500,000
$3,500 – loans $500,000 to $1,500,000
$4,500 – loans $1,500,000 and above

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.

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.