| Type of Loan |
Home Loan Information |
| > First Home Buyers |
La Trobe Financial provides assistance to first home buyers as an Authorised Participating Financial Institution for the First Home Owners Grant (FHOG) Scheme, together with providing a broad range of variable and fixed rate loans with full features as described below. Your FHOG funds will be available for the settlement of the purchase of an established home. Loans are available for PAYG and Self Employed persons (see separate Self Employed/Contract employees section for LiteDoc loan information). Discounted Rates shown revert to the standard variable rate, or a fixed rate, by your choice upon expiry. |
| > Professional Pack |
La Trobe Financial provides facilities to recognised professional individuals where gross Annual Income for single applicants exceeds $90,000 per annum and exceeds $135,000 for joint applicants. Loans can be for Owner Occupied or Investment properties for any worthwhile purpose with a broad range of fixed and variable rate options and flexible features. |
| > Life Discount Loan |
Purchase prime residential property in Metropolitan or Major Regional Centres > 10,000 people or Re-finance your current Loan with La Trobe Financial and save. We offer a flexible variable rate option. Re-financing can include consolidating debts, get "cash-out" from your equity, purchasing a car or holiday, or simply switching to a loan that better suits your needs from a lender that provides superior customer service. |
| > Overseas (non-resident) Investors |
La Trobe Financial provides loans for overseas (non-resident) borrowers. We provide a full range of fixed and variable rate loans with standard loan features as outlined below. Funds are available to purchase or refinance an established dwelling, or an off the plan purchase, subject to the borrower obtaining Foreign Investment Review Board approval and appointing a recognised Australian based law firm and Power of Attorney to receive loan documents and notices after settlement.Applicants who do not hold Australian citizenship or full residency status can purchase, subject to Foreign Investment Review Board (FIRB) approval, Australian real property. |
| > Purchase or Construction |
La Trobe Financial's Home Loans provide borrowers with the ability to purchase or construct their owner-occupied investment property. In fact we will consider any worthwhile purpose and offer a broad range of interest rate options and product features as outlined below. Discounted Rates shown revert to the standard variable rate, or a fixed rate by your choice, upon expiry. |
| > PAM (Pledged Asset Mortgage) |
La Trobe Financial's Pledged Asset Mortgage (PAM) provides borrowers with the ability to purchase or borrow 100% of the cost of the construction or purchase of their property. PAM offers a broad range of interest rate options and product features. Discounted Rates shown revert to the standard variable rate, or a fixed rate, by your choice, upon expiry.
La Trobe Financial will lend to 100% of the prime security, on the basis that further collateral (residential security) is available and pledged to La Trobe as additional registered mortgage security (generally parent's/relative's home). |
| > Self Employed Applicants |
At La Trobe Financial we understand that self-employed and contract employees cannot always produce two to three year's taxations returns which are reflective of their income earning capacity. In 1990 we introduced our Lite Doc® Lending Program (the first of its kind in Australia), with a self certification, including ABN declaration, to be completed by the Borrower. This assists Borrowers where there have been breaks in employment periods. The products are available for any loan purpose (purchase, refinance, construction etc) and are combined with a broad range of fixed and variable interest range options and flexible loan features. |
| > BizLite |
At La Trobe Financial we understand that some business or investment property borrowers prefer absolute privacy regarding their circumstances and income earning capacity. That's why in 2006 we introduced our BizLite Lending Program with a self certification including ABN declaration to be completed by the borrower without the usual request for a statement of position (assets and liabilities). BizLite is available for any business or investment loan purpose (purchase, refinance, construction etc) and offers a broad range of fixed and variable interest rate options and flexible loan features. BizLite provides a speedy, no fuss method to meet your borrowing needs. |
| > Owner Builders |
Funds are available to assist Owner Builders in the construction of their own home, be it for first, second or subsequent home construction or for investment purposes. Our Owner Builder Loan offers a broad range of fixed and variable interest rate options. |
| > Credit Repair Loan |
For borrowers who have less than perfect credit (perfect credit = no more than 1 default of $500 paid over 12 months ago). La Trobe Financial's Diminshed Credit Loans are available for purchase, re-financing, construction or equity release in an existing residential investment property for any worthwhile purpose with a broad range of interest rate options and product features. |
| > Rural Property Funding |
La Trobe Financial offers a special range of products for our rural borrowers for properties up to 200 acres. Our Rural Loans can be for both hobby farms and income producing properties located within 50km of major regional centres, on both a long term and a short term loan basis. Call our Lending team on 1800 707 707 to see how we can meet your specific needs. |
| > Commercial & RESI-CD |
La Trobe Financial provides commercial lending solutions for those looking for assistance with purchase or re-finance, or for those constructing commercial or industrial, retail, or residential development proposals. Rates quoted are indicative of our current funds available for high quality, new securities. |
| > Rural Property Funding |
La Trobe Financial offers a special range of products for our rural borrowers for properties up to 200 acres. Our Rural Loans can be for both hobby farms and income producing properties located within 50km of major regional centres, on both a long term and a short term loan basis. Call our Lending team on 1800 707 707 to see how we can meet your specific needs. |
| > Second Mortgages |
La Trobe Financial offers second mortgage funding for a maximum term of 2 year for any worthwhile purpose secured over Residential or Commercial property. |
