Saturday, July 14, 2012

Commercial rates get the chop from Liberty - Australian Broker

Non-bank lender Liberty Financial has cut its commercial rates significantly, following on from its recent cuts to home loan and residential SMSF loans.

Commercial loans will now start from 7.7% for its Enterprise and SMSF offerings.?

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General manager of commercial finance, Suresh Pillai, said the cuts were to ?further our ongoing commitment to provide our customers with competitive products.?

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?Liberty has one of the widest ranges of commercial finance in the market with multiple verification options, the ability to consider standard and specialised securities and a diverse range of credit profiles,? he said.

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The lender also dropped the rates on its bridging ?Boost? product to 10.5%.?

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?It?s a streamlined product that provides SMEs and property investors with rapid access to finance and is a strong alternative to private lending offerings,? said Pillai.?

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Source: http://www.brokernews.com.au/article/commercial-rates-get-the-chop-from-liberty-141599.aspx

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