{ "source": "https://public.cdr.arabbank.com.au/cds-au/v1/banking/products/PETROL01", "note": "Product Reference Data published by the data holder under the Consumer Data Right, as cached by this site (refreshed every 6 hours).", "data": { "brand": "Arab Bank Australia", "description": "A loan to assist with the purchase of a new petrol or service station, or provide existing owners the opportunity to borrow against the value of an existing station to fund a new business venture.", "isTailored": false, "lastUpdated": "2024-10-01T01:39:56.672Z", "name": "Petrol Station Loan", "productCategory": "BUSINESS_LOANS", "productId": "PETROL01", "additionalInformation": { "overviewUri": "https://www.arabbank.com.au/business/loans/petrol-stations", "termsUri": null, "eligibilityUri": null, "feesAndPricingUri": null, "bundleUri": null, "additionalOverviewUris": null, "additionalTermsUris": null, "additionalEligibilityUris": null, "additionalFeesAndPricingUris": null, "additionalBundleUris": null }, "applicationUri": null, "brandName": null, "cardArt": [], "effectiveFrom": "2020-06-30T14:00:00Z", "effectiveTo": null, "bundles": [], "constraints": [], "depositRates": [], "eligibility": [ { "eligibilityType": "OTHER", "additionalInfo": "All applications for loans are subject to Arab Bank Australia Limited's normal credit approval criteria. Lender's Mortgage Insurance is required on loans above 80% of the property value that is offered as security.", "additionalInfoUri": "https://www.arabbank.com.au/business/loans/petrol-stations", "additionalValue": null } ], "features": [ { "featureType": "OTHER", "additionalInfo": "•\tCompetitive interest rate\n•\tFast approval with a low establishment fee\n•\tFlexible repayments including the options of Principle and Interest or Interest Only repayments\n•\tMake additional repayments at no charge to help you pay off your loan sooner\n•\tNo early repayment fees or fees for making a lump sum payment to your loan. There are also no minimum or maximum limits set on the size of the lump sum payment you can make\n•\tCompetitive interest rate\n•\tFast approval with a low establishment fee\n•\tFlexible repayments including the options of Principle and Interest or Interest Only repayments\n•\tMake additional repayments at no charge to help you pay off your loan sooner\n•\tNo early repayment fees or fees for making a lump sum payment to your loan. There are also no minimum or maximum limits set on the size of the lump sum payment you can make\n", "additionalInfoUri": "https://www.arabbank.com.au/business/loans/petrol-stations", "additionalValue": null }, { "featureType": "DIGITAL_BANKING", "additionalInfo": null, "additionalInfoUri": null, "additionalValue": null }, { "featureType": "OTHER", "additionalInfo": "For information on applicable rates, please contact our Relationship Managers. Contact details are found on the following link:", "additionalInfoUri": "https://www.arabbank.com.au/contact/relationship-managers", "additionalValue": null } ], "fees": [ { "feeType": "UPFRONT", "name": "Application Fee", "accrualFrequency": null, "accruedRate": null, "additionalInfo": "Standard minimum is 0.35% of the approved borrowed amount. Fee rate varies depending on borrower's application. ", "additionalInfoUri": null, "additionalValue": null, "amount": null, "balanceRate": null, "currency": "AUD", "discounts": [], "transactionRate": "0.003500" }, { "feeType": "EVENT", "name": "Transfer Fee", "accrualFrequency": null, "accruedRate": null, "additionalInfo": "Payable if the Customer asks the Bank to change the security property by releasing its security over some or all of the security property and taking security over different property, without any other amendments to the agreement. It does not include any solicitor costs or fees payable to a government registry to register a document.", "additionalInfoUri": null, "additionalValue": null, "amount": "300.00", "balanceRate": null, "currency": "AUD", "discounts": [], "transactionRate": null }, { "feeType": "TRANSACTION", "name": "Search Fee", "accrualFrequency": null, "accruedRate": null, "additionalInfo": "Per hour or part thereof - payable whenever the Customer (or a Guarantor) requests a copy of a document (other than a statement) connected to the Facility. It is calculated on the basis of the time that it takes the Bank’s staff to search for the document.", "additionalInfoUri": null, "additionalValue": null, "amount": "70.00", "balanceRate": null, "currency": "AUD", "discounts": [], "transactionRate": null }, { "feeType": "EVENT", "name": "Direct Debit Dishonour Fee", "accrualFrequency": null, "accruedRate": null, "additionalInfo": "Payable whenever a direct debit to the Customer’s loan account is dishonoured.", "additionalInfoUri": null, "additionalValue": null, "amount": "35.00", "balanceRate": null, "currency": "AUD", "discounts": [], "transactionRate": null }, { "feeType": "EVENT", "name": "Tenanted Security Report Fee", "accrualFrequency": null, "accruedRate": null, "additionalInfo": "Per hour or part thereof - payable when the security property is to be the place of residence of the Customer and the Bank ascertains by inspection (because the Customer did not tell the Bank) that the Customer no longer occupies the security property. It is calculated on the basis of the time that it takes the Bank’s staff or agents to inspect the security property.", "additionalInfoUri": null, "additionalValue": null, "amount": "100.00", "balanceRate": null, "currency": "AUD", "discounts": [], "transactionRate": null }, { "feeType": "EVENT", "name": "Deed Production Fee", "accrualFrequency": null, "accruedRate": null, "additionalInfo": "Payable by the Customer whenever the Bank is required to produce a document to a government registry. It does not include any solicitor costs or fees payable to a government registry to register a document", "additionalInfoUri": null, "additionalValue": null, "amount": "60.00", "balanceRate": null, "currency": "AUD", "discounts": [], "transactionRate": null }, { "feeType": "EVENT", "name": "Additional Security Consent Fee", "accrualFrequency": null, "accruedRate": null, "additionalInfo": "Payable whenever the Customer asks the Bank to consent to a security interest over the security property or any other property subject to the security. It is payable whether or not the Bank consents to the security interest", "additionalInfoUri": null, "additionalValue": null, "amount": "150.00", "balanceRate": null, "currency": "AUD", "discounts": [], "transactionRate": null }, { "feeType": "EXIT", "name": "Discharge of Security Fee", "accrualFrequency": null, "accruedRate": null, "additionalInfo": "Payable if the Bank agrees to discharge a security. The Bank may use some or all of this fee to pay its external costs. It does not include any solicitor costs or fees payable to a government registry to register a release of the security", "additionalInfoUri": null, "additionalValue": null, "amount": "250.00", "balanceRate": null, "currency": "AUD", "discounts": [], "transactionRate": null }, { "feeType": "EVENT", "name": "Title Change Fee", "accrualFrequency": null, "accruedRate": null, "additionalInfo": "Payable if the Customer asks the Bank to change the title to any security property (for example as a result of a court order or by operation of law). It does not include any solicitor costs or fees payable to a government registry to register a document.", "additionalInfoUri": null, "additionalValue": null, "amount": "100.00", "balanceRate": null, "currency": "AUD", "discounts": [], "transactionRate": null }, { "feeType": "EVENT", "name": "Rollover Fee", "accrualFrequency": null, "accruedRate": null, "additionalInfo": "Payable by the Customer at the end of a fixed rate period if the Customer chooses to rollover to another fixed interest rate for another fixed rate period rather than automatically converting to variable interest rate.", "additionalInfoUri": null, "additionalValue": null, "amount": "300.00", "balanceRate": null, "currency": "AUD", "discounts": [], "transactionRate": null } ], "lendingRates": [] } }