Suncorp Commercial

Commission Rates

Clawbacks

Upfront is calculated on the loan amount draw down by the borrower/s, net of any offset or draw balances, 5 days after the loan settles.

Residual Upfront Commission may be payable as follows: After 12 months from the time the first upfront commission payment a subsequent check is undertaken. If the utilized loan amount has increased a further residual payment on the difference is to be paid. The increased utilization can be made up of a reduction in the advance payment/redraw amount and/or a reduction in the offset balance.

Residual Upfront Commission is not payable if the facility has been in arrears for 60 days or more at the end of the Residual Upfront Commission calculation period.

With respect to those facilities that are merely an extension of the limit of a pre-existing settled facility, the amount of the extension will not qualify for the purpose of calculation of the facility amount for Residual Upfront Commission.

Construction loans will not qualify for Residual Upfront Commission.

Lines of Credit will not qualify for Residual Upfront Commission.

The combined total of the residual commission at month 12 and the commission paid at month 1 must not exceed the commission that would have been payable if the loan was fully drawn on the date which is 5 calendar days after the draw down date.

Upfront for construction loans is calculated on the settled loan limit rather than drawn down amount and irrespective of offset balance.

For those loan facilities that are merely an extension of the limit of a pre-existing settled facility, only the amount of the extension will qualify for the purpose of calculation of the facility amount and will be calculated irrespective of advance payment/redraw amount and offset balance.

For line or credit (Asset Lines) upfront will be calculated based on 75% of the total facility amount that is available to be drawn down by the borrower.

Borrowers seeking a loan extension to a pre-existing settled line of credit facility, only 75% of the amount of the extension will qualify for the purpose of the calculation of upfront commission.

For term loans, the upfront is calculated on the total amount of the facility that is available for the borrower to draw down.

Borrowers seeking a loan extension to a pre-existing settled term loan facility, only the amount of the extension will qualify for the purpose of the calculation of upfront commission.

Trail is paid on loans one month after settlement.

Trail commission will not be paid on a loan, if the facility has been in arrears for 60 days or more at the end of the trail commission calculation period.

Trail commission will be calculated based on Average Facility Balance (AFB) for the month, taking into account offset balances.