Non-bank lender Liberty Financial has cut its commercial rates significantly, following on from its recent cuts to home loan and residential SMSF loans.
Commercial loans will now start from 7.7% for its Enterprise and SMSF
General manager of commercial finance, Suresh Pillai, said the cuts were to “further our ongoing commitment to provide our customers with competitive products.”
“Liberty has one of the widest ranges of commercial finance in the market with multiple verification options, the ability to consider standard and specialised securities and a diverse range of credit profiles,” he said.
The lender also dropped the rates on its bridging ‘Boost’ product to 10.5%.
“It’s a streamlined product that provides SMEs and property investors with rapid access to finance and is a strong alternative to private lending offerings,” said Pillai.