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One of Australia’s non-bank lenders has slashed the interest rate on its commercial offering.
Liberty Financial has cut up to 60 basis points from its SuperCredit product for commercial property.
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This follows the recent slashing of rates on its range of commercial mortgages for business owners and investors.
Rates for new self-managed super fund (SMSF) customers for the SuperCredit Commercial product now start at 6.80 per cent.
“Liberty’s SuperCredit product is one of the few available that offers SMSF borrowers LVRs of up to 70 per cent on commercial property. Combined with a great new rate and a streamlined process, SMSF trustees have more choice and flexibility with Liberty,” Liberty’s general manager of commercial finance Suresh Pillai said.
