La Trobe Financial Product Details:

Product Name Full Doc Lite Doc®
Current Rate (owner occcupied)^ 3.99% p.a. variable (effective rate of 3.79% p.a. if performance + rebate earned) 4.99% p.a. variable (effective rate of 4.79% p.a. if performance + rebate earned)
Current Rate (investment)^ 4.29 p.a. variable (effective rate of 4.09% p.a. if performance + rebate earned) 5.29 p.a. variable (effective rate of 5.09% p.a. if performance + rebate earned)
Comparison Rate* 4.28% 5.28%
Security Type Residential Security Residential Security
Loan Purpose Any worthwhile purpose (incl cash out) Any worthwhile purpose (incl cash out)
Verification Required Last 2 pay slips and employment reference or last 2 years financials Accountant's certification & Borrower declaration
Personal or Business/Investment Purposes Both Both
Minimum Loan Amount $100,000 $100,000
Maximum Loan Amount $1,000,000 $1,000,000
Maximum LVR 95% 95%
Lenders Mortgage Insurance required Yes ≥ 80% LVR Yes ≥ 80% LVR
Maximum Loan Term 30 Years 30 Years
Repayment Type Principal & Interest Principal & Interest; and Interest Only
Maximum Interest Only Term n/a 5 Years reverting to P&I (+0.30% p.a. step up to interest rate)
Interest Rate Type Variable Variable
Redraw Available Yes (no charge) Yes (no charge)
Application Fee (excl. Val. & Legal Fees) $995 $995
Risk Fee $0 $0
Additional Repayments Yes Yes

* 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 loan amount and risk grade of borrower.