Finty
Liberty Financial

Liberty Financial Commercial SMSF loan

Term loan

Term loan from Liberty Financial, with rates from 7.90% a year.

Written byDavid Boyd
Interest rate a year, from
7.90%
Establishment fee
$795
Monthly fee
Not published
Borrow
$100,000 to $4,000,000

Monthly repayment

$100,000 over 5 years

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What it would cost

At the lowest published rate of 7.90%. The rate you are offered depends on your business, and the establishment fee is not included.

Monthly repayment
$2,023
Total repayments
$121,371
Interest
$21,371

Loan details

Rates

Interest rate (a year)
7.90%
Rate type
Variable
Security
Not published
Type of finance
Term loan

Limits and fees

Loan amount
$100,000 to $4,000,000
Loan term
Not published
Establishment fee
$795
Monthly fee
Not published

How it compares

Against the other business loans we compare. Typical means the middle half of them.

Setup fee

$795

A typical setup fee is $26.

Most you can borrow

$4,000,000

Typically you can borrow up to $5,000,000.

Pros and cons

Pros

  • One rate for everyone. Everyone approved gets 7.90%, so the rate you see is the rate you get.
  • Extra repayments. Paying more than the minimum pays the loan off sooner and cuts the interest you pay.
  • No early repayment fee listed. You can pay the loan off early, or refinance, without a penalty. Check the terms to be sure.

Cons

  • A higher setup fee. $795, above the typical $26. It's usually added to the loan, so you pay interest on it too.
  • A variable rate. Your repayments can rise if the lender lifts its rate, though they can also fall.

Similar loans

Business loans of the same kind from other lenders that start at a similar interest rate.