Adelaide Bank has decreased its new fixed and variable loan rates on its broker-exclusive SmartSuite Commercial range by 75 basis points.
The bank has also halved the application fee on its Low Doc and Simple Doc products from 1% to 0.5% of the loan amount.
The move is the result of a recent review of the bank’s commercial offering, said Adelaide Bank’s General Manager of Third Party Lending, Damian Percy.
The entire SmartSuite range of products has a 25-year term, no annual reviews and a simple pricing structure.
It can be confusing to know whether to get a variable rate or fixed rate mortgage, and what features are important. That's why it's important to not only check the right rates, but make sure that you're getting the right features in your home loan. Get help choosing the right home loan