What are the lending criteria for Tertiary (Category C) assets?

Financing for Tertiary (Category C) assets is available under specific, restricted conditions.

The key policy guidelines are:

• Availability: Only offered under the streamline assessment process.

• Maximum Loan Amount: A maximum lend of $50,000 applies.

• Asset Age: The financed asset must be no older than 10 years at the end of the loan term.

• Interest Rate: The applicable rate starts at 15.75%.

• Valuation Requirement: An internal valuation is mandatory at settlement.

Note: This product is designed for niche assets and carries higher risk, as reflected in the age limit, capped amount, and pricing structure.