Non-bank slashes rates by up to 1%

by AB14 Jun 2013

Liberty Financial has dropped its commercial lending rates for all new customers, with reductions of up to 1% on some products.

Rates now start from 6.80% p.a. for Liberty’s flagship Enterprise full-doc commercial mortgage product, which the lender describes as ‘ideal for owner-occupiers, small businesses or investors seeking to finance commercial property’. These rates also apply to Liberty’s LeaseStream loan for commercial property investors.

“In addition to lowering rates, we have made sweeping enhancements to our low-doc range. With reductions of as much as 1%, our low-doc rates now start from 7.40% p.a.,” says GM of commercial finance, Suresh Pillai.

“This product offers small businesses who are time-strapped access to competitive finance without the fuss, by using a one page accountant’s declaration to establish serviceability.”