Residential & Commercial Specialist Lending
Our Residential Construction & Commercial Development loan products are popular with PAYG or self-employed borrowers looking to construct a home to live in, or to use as an investment. Our Commercial Development loan may suit borrowers looking to complete small development projects.
|3||reasons to deal with
La Trobe Financial
for your loans ...
Good Value for Money
No Risk or Equalisation fees ≤ 80% LVR
|Product Name||Residential Construction||Development Finance|
|Current Rate^||7.29%^||8.99 - 10.35%^|
|Security Type||Residential security||Residential & Commercial security|
|Loan Purpose||Construction (single residential dwelling)||Construction (multi-dwellings/commercial)|
|Verification Required||Full or Lite Doc® methods||Full or Lite Doc® methods|
|Personal or Business/Investment Purposes||Both||Both|
|Minimum Loan Amount||$100,000||$100,000|
|Maximum Loan Amount||$3,000,000||$10,000,000 (65% LVR)
$3,000,000 (70% LVR)
|Maximum LVR||75% (not to exceed 80% of total development cost)||70% (not to exceed 80% of total development cost)|
|Lenders Mortgage Insurance required||No||No|
|Maximum Loan Term||30 Years||2 Years|
|Repayment Type||Principal & Interest||Interest Only|
|Maximum Interest Only Term||5 Years reverting to P&I||2 Years|
|Interest Rate Type||Variable||Variable|
|Application Fee (excl. Val. & Legal Fees)||1.25% of the loan amount||from 1.50% of the loan amount|
CONSUMER ADVISORY NOTE
Maximum loan amounts and LVRs may vary based on security offered
* The comparison rate is based on secured credit of $150,000 and a term of 25 years. WARNING Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees and cost savings such as fee waivers are not included in the comparison rate but may influence the cost of the loan. Terms, conditions, fees, charges and La Trobe Financial Lending criteria apply.
^ Depends on the loan amount and risk grade of borrower.