- Liberty is ideal for borrowers who don’t qualify with traditional banks — including self-employed borrowers, those with credit issues, non-residents, and people needing flexible lending criteria.
- Top 3 reasons to choose Liberty:
– Specialist in non-conforming loans, alt-doc lending, and flexible credit policies
– Offers both prime and specialist loans under one roof
– Fast assessments and helpful local support - Key drawbacks to consider:
– Higher interest rates on specialist loans
– No branch access (broker and online support only)
– Offset account not available on all products
Who Is Liberty Financial?
Liberty is a leading Australian non-bank lender, operating since 1997. It offers home loans, personal loans, car finance, and SMSF lending. Unlike traditional banks, Liberty has a strong focus on helping borrowers who fall outside standard lending guidelines — such as freelancers, business owners, credit-impaired applicants, and new migrants.
With over $30 billion in loans under management and a nationwide broker network, Liberty has earned a reputation for saying Yes when banks say No.
Liberty Home Loan Customer Reviews
Liberty was able to help us when other banks wouldn't, so I’m thankful for that. However, the loan approval process was a bit drawn out and I had to chase updates more than I would have liked. End result was good, but there’s room to improve on communication.
Ben Leong
I had a generally positive experience with Liberty, although the document verification stage took longer than expected. That said, their support team was responsive, and we still made settlement on time. Overall, would use them again.
Isabelle Kerry
Liberty approved our loan even though my credit score wasn’t perfect. They asked for more supporting documents than other lenders, but I appreciate that they take the time to assess each situation individually. It paid off for us.
Damien Yeung
Great experience with Liberty. Our broker handled most of the communication, but every time I dealt with Liberty directly, they were polite, helpful, and quick to respond. Very smooth from application to settlement.
Maddie Rowe
We used Liberty for an SMSF property purchase and they made the process straightforward. There was more documentation than a typical loan, but they handled it professionally. Everything settled on time with no hiccups.
Borjana Jovic
The support team at Liberty was incredibly helpful throughout our refinance. Every email and call was answered promptly, and they were very transparent about fees and timelines. We felt well looked after during the whole process.
Sanjay Marasinghe
Liberty was able to approve our home loan when traditional banks said no. The interest rate was a little higher, but the flexibility and support were worth it. Without them, we wouldn’t be in our home right now.
Travis Liddell
This was our second home loan through Liberty, and the experience was just as good as the first. Their service is excellent, and they’re willing to work with people in less-than-perfect financial situations. Highly recommended if you're not the “cookie cutter” borrower.
Amy Blackwell
I was really impressed with how fast Liberty turned around our application. From submission to formal approval took less than a week. Their communication was clear, and we always knew what stage we were at.
Carl Ortiz
Liberty helped us secure a home loan when other lenders wouldn’t. As self-employed borrowers, we really appreciated their flexible approach. The process was smooth, and our broker worked closely with Liberty to make sure everything stayed on track.
Sienna Hargreaves
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Types of Liberty Home Loans
Liberty offers a broad suite of loan products, from full-doc prime loans to highly flexible specialist solutions:
Liberty Prime
- For PAYG or full-doc borrowers with clean credit
- Competitive interest rates
- Redraw and offset available
- Great for standard borrowers wanting flexibility
Liberty Custom
- Near-prime loans for borrowers with minor credit issues or irregular income
- Slightly higher rates than prime
- LVR up to 90% (with LMI)
- Ideal for borrowers with slight blemishes or unique circumstances
Liberty Boost / Liberty Easy / Liberty Star
- Designed for borrowers with poor credit history, defaults, or discharged bankruptcies
- Alt-doc available (bank statements, BAS, accountant letters)
- Flexible loan terms and repayment options
- Higher interest rates, but access to property ownership
Self-Employed & Alt-Doc Loans
- Multiple alt-doc options (BAS, business bank statements, etc.)
- Available across most loan types
- LVR up to 85%
- Great for business owners or freelancers
Refinancing Loans
- Refinance even with impaired credit or unusual income
- Cash-out available for debt consolidation
- Quick application turnaround with fewer barriers
Liberty Home Loans Interest Rates & Fees
Liberty offers a wide pricing spectrum depending on risk:
- Prime loans: Competitive with major lenders
- Near-prime & specialist: Higher interest rates to match borrower profile
- Fees: Vary depending on product (establishment fees, risk fees, etc.)
- Offset account available on selected products
- No hidden charges; all fees are transparent at application
While rates for specialist loans can be higher, Liberty’s flexible credit policies and fast turnaround often outweigh the premium for borrowers who need a second chance.
For the latest Liberty interest rates and fees for your personal circumstances, speak to a mortgage broker for FREE guidance. They can also help you compare Liberty's home loans with over 70+ other banks and lenders to ensure you are getting the best deal.
Key Features of Liberty Home Loans
Here are some of the features Liberty offers across its range:
- Alt-Doc Friendly: Accepts alternative income documents for self-employed borrowers
- Credit Flexibility: Options for defaults, late payments, and past bankruptcies
- Redraw Facility: Available on most variable loans
- Offset Account: Offered on select prime and near-prime loans
- Cash-Out Options: Use equity for renovations, debt consolidation, or business
- Loan Splits: Combine fixed and variable rates
- Nationwide Broker Network: Expert support to find the right Liberty product
Pros & Cons of Liberty Home Loans
Pros:
✅ Market leader in flexible lending for non-standard borrowers
✅ Wide range of alt-doc and credit-impaired options
✅ Competitive prime loans with offset and redraw
✅ Transparent about loan terms and fees
✅ Fast turnaround and highly rated customer support
Cons:
❌ Higher interest rates on near-prime and specialist products
❌ Online-only application process — no branches
❌ Loans require broker expertise for best results
Is Liberty a Good Lender?
Liberty is one of the most trusted names in flexible lending. If you've been turned down by a bank due to self-employment, credit issues, or non-standard income, Liberty is worth a serious look.
Liberty is best for:
- Self-employed borrowers needing alt-doc options
- Clients with credit impairments
- Borrowers who want fast turnaround and realistic assessments
- People refinancing to consolidate debt or restructure their finances
How to Apply for a Liberty Home Loan
Liberty home loans are only available through Liberty’s online platform or via mortgage brokers. We recommend using a broker, especially for specialist loans that need strong application structuring. Speak to a free mortgage broker from EE Mortgages by filling out this form.
Documents typically required:
- ID and proof of residency
- PAYG payslips or alt-doc income evidence (BAS, statements, accountant letter)
- Expense breakdown and existing liabilities
- Credit file (your broker can help interpret this)
- Purpose of loan (purchase, refinance, debt consolidation, etc.)
Application process:
- Broker submits application online
- Assessment within 1–3 business days
- Flexible document requirements depending on product
- Fast settlement times — often quicker than banks
Need Help Comparing Liberty to Other Lenders?
Let Eden Emerald Mortgages help you navigate Liberty’s loan options — and compare them with dozens of other lenders. Whether you’re self-employed, recovering from past credit issues, or just need more flexibility, we’ll help you find a solution that works.
Our services are 100% free for you, (we are paid a commission by the lender), so there is no downside to working with us.
Speak to an Expert and
Get Your Mortgage Approved
To get started on your journey of securing a home loan, fill in the form below, and an experienced mortgage broker will contact you about your personal situation. You can also call us directly on (02) 9188 9398.
