Small business owners benefit from new rates
RedZed is showing its “love” for Australia’s self-employed and brokers by unveiling a suite of rate and fee reductions across its loan offerings.
The specialist lender’s “With love, from RedZed” campaign is rolling out these changes, effective 14 February 2025, to provide more competitive options for borrowers and empower brokers to better serve their clients.
The updated lending terms feature reduced interest rates for SE Prime full documentation and alternative documentation residential loans, select residential specialist loans, and residential and commercial self-managed super fund (SMSF) products.
Application fees for RedZed’s standard commercial loans have been lowered, and interest-only loadings have been cut for the commercial Prime range. SMSF products, in particular, see a full waiver of interest-only loadings.
These adjustments come just a year after RedZed expanded its product range to include SMSF loans. The lender introduced the ‘Super Resi SMSF’ and ‘Super Commercial SMSF’ products, enabling small business owners to refinance existing SMSF loans or acquire residential and commercial investment properties.
By delivering these updates, RedZed seeks to create a financial matchmaking opportunity for brokers and self-employed clients.
The changes come at a time when small business owners, often overlooked by traditional lenders, continue to face financial challenges.
RedZed’s managing director Calvin Cordle spoke about the significance of the Valentine’s-themed campaign, positioning it as a way to “share the love” with both brokers and the self-employed community.
“RedZed is committed to supporting brokers and small business owners in achieving their goals. By implementing these rate, fee and loading adjustments, we are not only making our loans more accessible to self-employed Australians but also equipping brokers with competitive solutions to offer to their clients," said Cordle.
Cordle also encouraged brokers to explore RedZed’s offerings, particularly in light of these changes. "Once they do, we know they will be blown away by the first-class service provided by our in-house and Australian-based credit, settlements and sales teams."
Cordle said that the campaign embodies a wider effort to assist self-employed Australians by streamlining the lending process and enabling them to achieve their ambitions.
The updated terms will apply exclusively to new loan applications received from Valentine’s Day.
What do you think of RedZed’s Valentine’s Day offering? Share your views in the comments below.
