Rate Money Reduces Interest Rates for Self-Employed Borrowers

Rate Money Offers Competitive Rates for Self-Employed Borrowers

In a bid to support Australia's self-employed community, non-bank lender Rate Money has announced significant reductions in interest rates across its 'Evolve Easy Doc' loan range.

Effective June 30, 2025, the new rates start from 6.64% per annum, with the 'Easy Doc One Year' product now available from just 6.09% per annum.

Additionally, the company has removed interest-only loading on investment loans, providing further financial relief to borrowers.

Ryan Gair, co-founder and CEO of Rate Money, emphasized the company's commitment to addressing the unique challenges faced by self-employed individuals. "We're turning up the heat," Gair stated, highlighting the lender's proactive approach in a competitive market. These changes come at a time when small to medium enterprises (SMEs) are grappling with rising operational costs, including increased utility bills and supplier expenses.

According to a recent Commonwealth Bank study, 89% of SMEs have experienced rising costs over the past year, with an average increase of 10%. In this context, Rate Money's decision to lower interest rates and eliminate additional costs on investment loans is a strategic move to alleviate financial pressures on self-employed borrowers.

Founded in 2019, Rate Money specializes in providing tailored financial solutions for self-employed individuals. The company's latest initiative reflects a broader industry trend towards more flexible and inclusive lending practices, recognizing the growing segment of Australians choosing self-employment.

Self-employed borrowers seeking competitive loan options are encouraged to explore Rate Money's offerings. By providing lower interest rates and removing extra costs, the lender aims to support entrepreneurs and small business owners in achieving their financial goals.

Published:Thursday, 25th Sep 2025
Source: Paige Estritori

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Knowledgebase

Monetary Policy:
The actions of a central bank or other regulatory authority that determine the size and rate of growth of the money supply.