One lender has slashed up to one per cent from its commercial lending products.
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.”