Adelaide Bank today announced up to a 50pb reduction for new business on fixed rates for Full Doc & Simple Doc commercial products.
Senior Manager Broker Division, Fons Caminiti, said the move is as the result of a recent review of the bank’s commercial offering and the banks strong appetite for growth across both residential and commercial property offerings.
“Our commercial product offering was designed specifically for the broker market; it’s an exclusive broker offering which is why our commercial offering has the look, feel and structure of a standard residential mortgage. Our Lo Doc and Simple (Lease) Doc offerings are particularly popular.”
Caminiti said that the Bank’s Commercial offering was a good example of the broker-centric thinking that underpins the Adelaide Bank approach. These products are simple to understand and execute reliably with effective processes – and most importantly, they are affordable for brokers and their clients..
All SmartSuite products have a 25 year term and a simple pricing structure.
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