At La Trobe Financial we continue to support the self-employed community and know that providing the paperwork required to fully verify your income can at times be difficult and time consuming, that’s why our Express products are specifically designed to assist the self-employed obtain a mortgage.
In lieu of fully audited accounts, tax returns or BAS statements; we will request a Repayment Declaration confirming a borrowers income, supported by an Accountants Certificate confirming the income declared to be accurate, and that the borrower can meet the repayments without substantial hardship.
| Loan Purpose |
Purchase, Refinance, Debt consolidation |
Cash out |
| Cash out |
Max 10% of total refinance |
Unlimited |
| Verification Required |
Accountants letter & Borrower declaration |
Accountants letter & Borrower declaration |
| Personal or Business/Investment Purposes |
Both |
Both |
| Minimum Loan Amount |
$100,000 |
$100,000 |
| Maximum Loan Amount |
$1,000,000 (80% LVR) |
$1,000,000 (65% LVR)
$750,000 (70% LVR) |
| Maximum LVR |
80% |
70% |
| Lenders Mortgage Insurance required |
No |
No |
| Maximum Loan Term |
30 Years |
2 Years. Option to renew for a further term subject to performance. |
| Repayment Type |
Principal & Interest, Interest Only |
Interest Only |
| Maximum Interest Only Term |
5 Years |
2 Years |
| Interest Rate Type |
Variable, Fixed 1 - 3 Years |
Variable |
| 1 Year Fixed |
9.79% - Clear
10.29% - Prime |
Not Available |
| 2 Years Fixed |
10.19% - Clear
10.69% - Prime |
Not Available |
| 3 Years Fixed |
10.49% - Clear
10.99% - Prime |
Not Available |
| Redraw Available |
Yes |
No |
| Application Fee (excl. Val. & Legal Fees) |
1.25% of loan amount |
1.25% of loan amount |