Adelaide Bank slashes rates for new Commercial property loans

4 July 2014

Adelaide Bank today announced a 50pb reduction on its variable rates for new business on Commercial Smartsuite Full Doc & Simple Doc commercial products and reduction of up to 50bp on its fixed rate options.

Senior Manager Broker Division, Fons Caminiti, said the move is the result of a recent review of the bank’s commercial offering and the bank’s strong appetite for growth across both residential and commercial property offerings.

"Our commercial property product offering is an exclusive broker offering which has the look, feel and structure of a standard residential mortgage.”

Caminiti said that the Bank’s Commercial offering was a good example of the broker-centric thinking that underpins the Adelaide Bank approach.

“Our lending products are designed to be simple to explain, understand and execute, have a reliable and effective process and most importantly, be affordable for brokers and their clients.  All SmartSuite products – Full-Doc, Lo-Doc and Simple-Doc have loan terms up to 25 years with no annual reviews and a simple pricing structure.

For further information please contact your Adelaide Bank Business Development Manager or brokers.adelaidebank.com.au