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ML Interest Rate - NavraFund

Discussion in 'Managed Funds & Index Funds' started by ActiveTrade, 29th Jul, 2008.

  1. ActiveTrade

    ActiveTrade Well-Known Member

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    OK - I am interested in knowing what interest rate others are paying for ML on the Navra Fund and approx size of loan.

    I don't think I will be investing any more $$$'s in Navra Warrants so hence beginning process to shope around for a ML.

    The more we can share info the better for everyone. :)
     
  2. Simon Hampel

    Simon Hampel Co-founder Staff Member

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  3. ActiveTrade

    ActiveTrade Well-Known Member

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    Thanks Sim. Not all these lenders lend against NavraFund do they ?
     
  4. Simon Hampel

    Simon Hampel Co-founder Staff Member

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    See the last link in my post above.
     
  5. Dest

    Dest New Member

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    So does ANZ - at 70%.
     
  6. Chris.R_WA

    Chris.R_WA Well-Known Member

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    Suncorp 10.25%, lend up to 75% LVR on Navra with a 10% buffer.

    Chris
     
  7. Simon Hampel

    Simon Hampel Co-founder Staff Member

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    ANZ may have previously offered LVR (as did Leveraged Equities), but they no longer list the Navra Aus funds on their acceptable securities list - so they may not offer it for new investors (depending on how much you want to invest).

    It's always worth asking though if you are particularly keen on one particular lender - they will sometimes agree to offer LVR on a fund that is not specified on their lists.