Finty
La Trobe Financial

La Trobe Financial Residential Full Doc

Variable or Fixed rateRedraw

Our Owner-Occupied or Investment Loans are specifically crafted for individuals seeking flexible options to match your unique needs. Enjoy the convenience of a free redraw facility and cash out for personal, business, or investment requirements. These loans are available to borrowers who can provide full income verification. At La Trobe Financial, we aim to make home ownership and property investment accessible and convenient for you.

Written byDavid Boyd
Interest rate a year, from
0.40%
Comparison rate
Not published
Upfront fees
$995
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 0.40% (1 month fixed, any, interest only), 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
$215
Total repayments
$677,400
Interest and monthly fees
$77,400

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 interestAny6.79%7.05%
1 month fixedAnyInterest onlyAny0.40%–

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
$995
Annual fee
Not published
Monthly fee
$15

Features

Offset account
No
Redraw
Yes
Highest LVR
80%
Loan amount
From $100,000 up to $50,000,000

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

6.79%

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

Comparison rate

7.05%

For the same rate. Typical is 6.70%.

Upfront fees

$995

Typical upfront fees are $600.

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.
  • Fixed rates on offer. You can fix for 0.08333333333333333 years if you'd like repayments that don't change for a while.
  • Interest only available. Some investors use it to keep repayments down for a few years, though the balance doesn't fall in that time.

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.