Finty
Liberty Financial

Liberty Financial Residential SMSF loan

Term loan

Term loan from Liberty Financial, with rates from 7.35% a year.

Written byDavid Boyd
Interest rate a year, from
7.35%
Establishment fee
$495
Monthly fee
Not published
Borrow
$100,000 to $10,000,000

Monthly repayment

$100,000 over 5 years

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What it would cost

At the lowest published rate of 7.35%. The rate you are offered depends on your business, and the establishment fee is not included.

Monthly repayment
$1,997
Total repayments
$119,800
Interest
$19,800

Loan details

Rates

Interest rate (a year)
7.35%
Rate type
Variable
Security
Not published
Type of finance
Term loan

Limits and fees

Loan amount
$100,000 to $10,000,000
Loan term
Not published
Establishment fee
$495
Monthly fee
Not published

How it compares

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

Comparison rate

7.75%

From 7.75%. A typical loan starts at 6.82%.

Setup fee

$495

A typical setup fee is $26.

Most you can borrow

$10,000,000

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

Pros and cons

Pros

  • One rate for everyone. Everyone approved gets 7.35%, 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 starting rate. Its comparison rate starts at 7.75%, above the typical 6.82%, so it's likely to cost more than most similar loans unless you're offered less.
  • 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.