Finty
La Trobe Financial

La Trobe Financial Everyday Heroes Lite Doc

Variable rateRedraw

The Everyday Heroes Loan® is our way of honouring and supporting the vital emergency service workers who consistently support our community. This specialised loan offers discounted pricing to eligible Police, Fire and Emergency Services, Australian Defence Force, and Emergency Medical Services personnel. They are our everyday heroes, and this loan is designed to acknowledge their remarkable service.

Written byDavid Boyd
Interest rate a year, from
6.64%
Comparison rate
6.91%
Upfront fees
Not published
Annual fee
Not published
Monthly fee
$15

Monthly repayment

$600,000 over 30 years

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What it would cost

At the lowest rate of 6.64% (variable, live in, principal and interest), including the monthly fee. The rate you are offered depends on your deposit and the loan you choose, and upfront fees are not included.

Monthly repayment
$3,863
Total repayments
$1,390,615
Interest and monthly fees
$790,615

Rates

Every rate La Trobe Financial publishes for this loan. LVR is the loan as a share of the property's value: 80% for a 20% deposit.

RatePropertyRepaymentsLVRInterest rateComparison rate
VariableLive inPrincipal and interestAny6.64%6.91%

Comparison rates are for an example loan of $150,000 over 25 years. WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

Fees and features

Fees

Upfront fees
Not published
Annual fee
Not published
Monthly fee
$15

Features

Offset account
No
Redraw
Yes
Highest LVR
80%
Loan amount
From $100,000

How it compares

Against the other home loans we compare, for a home you live in with a 20% deposit. Typical means the middle half of them.

Variable rate

6.64%

For a home you live in, paying principal and interest. Typical is 6.62%.

Comparison rate

6.91%

For the same rate. Typical is 6.70%.

Smallest deposit

20%

Most loans need at least 10% of the price.

Pros and cons

Pros

  • Extra repayments. Paying more than the minimum pays the loan off sooner and cuts the interest you pay.
  • Redraw. You can take back extra repayments later if you need the money.
  • No early repayment fee listed. You can pay the loan off early, or refinance, without a penalty. Check the terms to be sure.

Cons

  • No offset account. Your savings can't reduce the interest unless you pay them into the loan.

Similar home loans

Home loans from other lenders with a similar starting variable rate, for a home you live in with a 20% deposit.