Hi PC, I'm looking to refinance an existing 3yr IO business loan of about $600k that is falling due in a few months. St George (current lender) have offered the following P&I options: 5 years, 3.9% 10 years, 4.0% 22 years, 4.5% I'm trying to work out if paying an extra 0.5% (option 2 vs option 3) in interest will increase my borrowing capacity? SGB said that regardless of the term selected, P&I repayments will be over a notional 22 year term. Say I go with option 2, when a lender calculates my servicing ability for other loans, will they use the 22 year term or 10 year term? Thanks everyone!