Strata Lite Loan
A Strata Lite Loan is designed for smaller or simpler strata projects where full-scale lending isn’t required.
It offers a streamlined option for owners corporations needing short-term or lower-value funding - without the complexity of larger loans.
Product Parameters
| Facility Type | Strata Lite Loan |
|---|---|
| Loan Purpose | Remediation works, building upgrades, legal costs, insurance premiums, external works, plant & equipment refurbishment, refinancing of expensive loans |
| Minimum Loan Amount | $50,000 |
| Maximum Loan Amount | $250,000 |
| Minimum No. Lot | 4 |
| Loan Term | 2 years Minimum, 15 years Maximum |
| Interest Rate Type | Variable |
| Interest Only | Not available |
| Repayment Frequency | Monthly in arrears |
| Accelerated Repayments | Yes |
| Loan Drawdowns | One lump sum drawdown |
| Commercial Strata Loans | Yes |
| Company Title Loans | Yes |
| Security | Unsecured |
| Additional Advances | Yes, subject to loan application assessment |
| Upfront fees and charges | Application Fee - $500 |
| Number of Loan Accounts | Only one loan account and one monthly repayment. |
Strata Lite Loan Process
Why Choose a
Strata Lite Loan?
- Faster and simpler than full-scale loans
- Suitable for smaller strata budgets
- Avoids raising ad-hoc special levies
- Purpose-built for low-value strata projects
Best suited for
- Small strata projects
- Unexpected repairs
- Schemes seeking a simpler funding solution
Our loan products are designed with flexibility at their core, each of our loan products can be used for a variety of reasons, including:
Repairs and Refurbishments
Water Ingress, Fire Orders, Lifts, Air-Conditioning, Electrical & Hydraulics, Painting, Balconies & Balustrades, External Works, Security Enhancements, Technology Upgrades, Emergency Repairs.
Other Purposes
Insurance Premiums, Litigation, Green Initiatives.
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Strata Lite Loan Frequently Asked Questions
What is a Strata Lite Loan?
A Strata Lite Loan is a reduced-scale strata loan that provides fast access to approved funds for minor works or unexpected costs.
It follows a simplified assessment process while maintaining responsible lending principles suited to strata schemes.
What are Strata Lite Loans used for?
Strata Lite Loans are commonly used for:
- Smaller maintenance projects
- Unexpected repairs
- Minor capital works
- Cash flow gaps between levy issues
- One-off building expenses
Can we draw the loan in multiple instalments?
Our Strata Lite Loan is drawn in one lump sum.
What fees and charges apply?
Application Fee - $500