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Investors looking into property through their Self-Managed Super Fund (SMSF) have now seen 1 per cent slashed off of one of Australia’s leading lenders’ offering.
Liberty Financial has decreased the variable interest rates on its SMSF residential property investment loan, SuperCredit, by one per cent.
This has ensured that Liberty Financial’s product now has a market leading variable rate.
Residential rates now start from 6.99 per cent, with the lowest set up fee, of $695.
Liberty Financial’s general manager of commercial finance, Suresh Pillai, said that the company recognises the challenges of saving for retirement, and that this was the main reason for the cut.
“We also recognise that many brokers are new to this type of lending,” Mr Pillai said, explaining that SuperCredit is a simple way to ease in to SMSFs.
It also accepts NRAS and DHA securities.