Staff Reporter
Liberty Financial has cut variable interest rates by more than one per cent on its SMSF residential property investment loan, SuperCredit.
The cut, which is double that of the latest interest rate reduction made by the Reserve Bank of Australia, means Liberty Financial now has a market leading variable rate.
SuperCredit’s residential rates now start from 6.99 per cent.
Suresh Pillai, Liberty’s General Manager of Commercial Finance said they have recognised the challenge of saving for retirement, and adjusted rates accordingly.
“We also recognise that many brokers are new to this type of lending. Liberty’s SuperCredit is an easy introduction to SMSF products.
“Our business partners are supported by our national team of experienced business development managers, an easy to use product and by our in-house expertise.
“That makes dealing with some of the more complex requirements of SMSF borrowing easier for brokers and their customers.”
According to Liberty, SuperCredit’s set up fee eliminates the uncertainty of uncapped legal costs required to review or establish an SMSF borrowing structure.
Liberty also offers a SuperCredit product designed for SMSFs seeking exposure to Australia’s commercial property sector.
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