La Trobe Financial Residential Vacant Land
Variable rate
Our residential Vacant Land Loans are tailored for individuals with dreams of purchasing vacant land, whether it’s for personal or investment use. The residential construction loans cater for both PAYG and self-employed borrowers.
- Interest rate a year, from
- 8.49%
- Comparison rate
- 8.82%
- Upfront fees
- Not published
- Annual fee
- Not published
- Monthly fee
- $15
Monthly repayment
$600,000 over 30 years
What it would cost
At the lowest rate of 8.49% (variable, 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
- $4,260
- Total repayments
- $2,133,600
- Interest and monthly fees
- $1,533,600
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.
| Rate | Property | Repayments | LVR | Interest rate | Comparison rate |
|---|---|---|---|---|---|
| Variable | Any | Interest only | Any | 8.49% | 8.82% |
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
- No
- Highest LVR
- 75%
- 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.
Smallest deposit
25%
Most loans need at least 10% of the price.
Pros and cons
Pros
- No early repayment fee listed. You can pay the loan off early, or refinance, without a penalty. Check the terms to be sure.
- 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.