Product: Prospa Business Loan Tier 3
Type: business
Max LVR: -%
Amount Range: $0 - No limit
Max Term: 60 months
Rate: 9.99% - 12.99%
Contact: | partners@prospa.com
Purpose: refinance
Property Type: development
LVR: 44.78%
Amount: $1,800,000
Term: 9 months
Property Value: $4,020,000
Address: 38 Marina View Drive, West Harbour
| Filter | Result | Client Value | Lender Requirement | Note |
|---|---|---|---|---|
| Loan Type | Fail | refinance (development) | business | Client: refinance (development property), Product: business -> mismatch |
| LVR Limit | Pass | 44.78% | - | |
| Loan Amount | Pass | $1,800,000 | - | |
| Security Type | Fail | development | commercial | development not accepted |
| Credit Score | Pass | - | 700 | |
| Monthly Turnover | Pass | - | $55,000 | |
| Property Owner | Pass | No | Not required | |
| Borrower Type | Pass | - | Any |
| Dimension | Raw Score | Weight | Weighted Score | Visual |
|---|---|---|---|---|
| LVR Headroom | 50 / 100 | 25% | 12.5 |
|
| Data missing (client LVR or lender max LVR not set) -> default 50 | ||||
| Interest Rate | 66.7 / 100 | 25% | 16.7 |
|
| Rate = 9.99%. Formula: (20 - 9.99) / 15 x 100 = 10.01/15 x 100 = 66.7. (Scale: 5% = 100, 20% = 0, linear) | ||||
| Loan Amount Fit | 80 / 100 | 15% | 12.0 |
|
| Amount $1,800,000 >= min $0, no upper limit -> 80 | ||||
| Term Match | 72.0 / 100 | 15% | 10.8 |
|
| Client term 9mo / Lender max 60mo = ratio 0.15. Formula: max(60, 100 - |0.15 - 0.5| x 80) = 72.0. (Best when ratio between 0.3-0.8) | ||||
| Payment Flexibility | 33 / 100 | 10% | 3.3 |
|
| Lender offers 1 type(s): principal_and_interest. Base = 1 x 33 = 33. Client has no preference -> 33 | ||||
| Turnaround Speed | 50 / 100 | 10% | 5.0 |
|
| Turnaround time not specified -> default 50 | ||||
| TOTAL | 100% | 60.3 |
|
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