La Trobe Financial Product Details:

Product Name SMSF Residential SMSF Commercial
Current Rate^ 6.69%^ 6.99%^
Comparison Rate* n/a n/a
Security Type Residential security Commercial security
Loan Purpose Purchase & Refinance of Investment Purchase & Refinance of Investment
Verification Required 80% Rental Income. SMSF Contribution Statement. Income deemed at 3.9% 80% Rental Income. SMSF Contribution Statement. Income deemed at 3.9%
Personal or Business/Investment Purposes Business/Investment only Business/Invesment only
Minimum Loan Amount $100,000 $100,000
Maximum Loan Amount $2,000,000 (70% LVR) $5,000,000 (65% LVR)
$2,000,000 (70% LVR)
Maximum LVR 75% 70%
Lenders Mortgage Insurance required No No
Maximum Loan Term 30 Years 25 Years
Repayment Type Principal & Interest Principal & Interest Only
Maximum Interest Only Term n/a 5 Years
Interest Rate Type Variable Variable
Redraw Available No No
Application Fee (excl. Val. & Legal Fees) from 1.25% of the loan amount from 1.25% of the loan amount
Risk Fee $0 $0
Additional Repayments Yes No

* 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.