Swift Swift (Prime) LVR 90.01-95% (Owner Occupied)

  • 5.99%
    p.a Standard Variable
  • 6.14%
    p.a Comparison**
  • $1,325
    Upfront fees
  • $295
    Annual fees
  • 95%
    Max Lvr
  • $2,277
    Per Month*

About Liberty Financial

In 1997, Liberty pioneered specialty finance in Australia and New Zealand by offering flexible solutions that required personalised attention that was not available from other financial institutions at the time. Liberty made home ownership possible when the banks said it wasn’t possible. Their innovative and flexible approach has allowed over 140,000 customers to secure loans by advancing over $12 billion in funds. Liberty continue to provide a wide range of home loans, as well as car and business loans. Liberty is an industry award-winning lender that are a strong alternative to regular banks, always offering alternative, innovative solutions at competitive prices to support customers with greater choice and freedom.

Standard Variable

Repayments calculated to take into account ongoing monthly and anual fees.

Monthly repayment*
$2,277
rate per annum
5.99%

Loan to Value Ratio

Borrow up to the maxium of 95% of the value of the property.

Lenders Mortgage Insurance, or LMI, will be payable on most loans where the borrowings are greater than 80% of the value of the property.

However, you may be able to capitalise LMI into your loan, increasing the overall loan amount by about 2% (in order to cover the cost of the insurance). Contact a loan market broker to find out how LVR and LMI might impact the cost of your loan repayments.

Lvr
95%
Capitalise LMI
Yes

Availability

For ["Owner Occupied"], in ["NSW", "NT", "QLD", "SA", "WA", "VIC", "TAS", "ACT"].

Term
10 - 30 years
Min
$50,000
Max
$750,000

Eligibility

The level of financial documentaion and credit history required to apply for the loan.

Financials
Full Doc
Credit History
Conforming
Genuine Saving
Required

Redraw Facility

Get quick access to cash by drawing on the loan to pay for renovations or other purchases.

Redraw Facility
Yes
Min Redraw
$0
Redraw fee
$0

Banking Features

Given the wide range of loans on offer – with different interest rates, product features and fees – it pays to shop around to find the loan that fits your needs and circumstances. Some loans offer features that may be appropriate for your situation and result in savings over the life of the loan.

Some features you may wish to consider include:

  • an offset account;
  • ability to make extra repayments;
  • a redraw facility; and
  • linked credit card and savings accounts;
  • ability to split your loan between fixed and variable interest rates
Offset Account
Yes
Redraw Available
Yes
Credit Card
No
Internet Banking
Yes
Telephone Banking
No
BPay Option
Yes
Portability of Loan
Yes
Professional Pack
No
Check Account
No
Direct Salary Credit
Yes
Free Transactions
No
Minimum Redraw
No
Redraw Fee
No

Repayments

You can make your repaments Fortnightly, Monthly, and Weekly.

Interest Only Option
No
Max Interest Only
0 years

Upfront Fees

Upfront fess associated with estabilishing the loan. Other loan set-up fees, such as valuation fees and lender's mortgage insurance, and Government charges, such as registration fees and stamp duty on property transfer, have not been included. These will be determined after application.

Total
$1,325
Application
$995
Valuation
$330

Ongoing Fees

Monthly and annual fees and charges during the loan period.

Total
$295
Ongoing Yearly
$295

Exit Fees

Fees associated with prematurely ending the loan.

Total
$395
Exit
$395
Early Repayment
$0
Switch To Fixed
$0

Notes

Maximum loan amount of $500,000 - only available for 1 security. Principal and Interest repayments only. Repayment frequencies of Weekly, fortnightly, monthly. • No LMI or 3rd Party Approval; • Clear and Direct Credit Criteria; • One on One Service; and • Turnarounds within 24 hours. Not available on Low Doc and Fixed rate products. Up to $330 (incl GST) waived for the first security on all prime loans excluding those with an LVR >=90%, otherwise payable before the valuation is ordered. Additional expenses may be payable in the instance of >$750k, regional or additional securities. Credit card authorisation for $330 must be provided prior to valuation being ordered, and becomes payable if the application is withdrawn or declined.

Notes

Genuine Savings not required however LMI may be sought prior to formal approval .Non Genuine savings required for LVR more than 85% subject to postcode eligibility.

Fee Notes

Val fee of $330 applies to applications >90% only. Additional valuation expenses may be payable where the application does not proceed, the loan amount is greater than $750,000, where the security property is in a regional location or for additional securities. Other fees and charges may apply.

*Monthly Repayments

Monthly repayments are calculated to take into account the loan amount, repayment term and ongoing fees and charges over the life of the loan.

  • Variable rate loans show the monthly repayments at the current rate.
  • Fixed rate loans show the monthly repayment during the fixed period only.
  • Monthly repayment calculations are an approximate guide only. Speak to a LoanMarket Mortgage broker to understand the exact cost of a loan given your particular circumstances.

**Comparison Rates

A comparison rate is a tool to help consumers identify the true cost of a loan. It factors in the interest rate, loan amount, repayment term and ongoing fees and charges and displays this as a single percentage rate that can be used to compare various loans from different lenders.

Monthly Repayment and Comparison Rate* calculations do not include:

  • The use of account features such as early repayments and offset accounts which vary widely among loans and can reduce the cost of a loan significantly.
  • Cost savings such as fee waivers or special rate discounts.
  • Fees and charges associated with loan options or events that may or may not be used by the borrower, such as early repayment or redraw fees
  • Lenders Mortgage Insurance (LMI) which may be required to secure the loan and can increase the cost of the loan.
  • Government charges such as stamp duty or mortgage registration fees.
  • Fees and charges which aren’t available at the time the comparison rate is provided