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ISCOVER
Staff Reporter
One lender has slashed up to one per cent from its commercial lending products.
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Yesterday, Liberty Financial announced its rates would now start at 6.8 per cent for its flagship Enterprise full-doc commercial mortgage product.
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 per cent, our low-doc rates now start from 7.40 per cent p.a.,” Liberty’s general manager of commercial finance Suresh Pillai said.
“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.”
