Construction from 7.29% p.a.^(7.61%p.a* Comparison rate)
Residential & Commercial Specialist Lending

Our Residential Construction & Commercial Development loan products are popular with PAYG or self-employed borrowers looking to construct a home to live in, or to use as an investment. Our Commercial Development loan may suit borrowers looking to complete small development projects.

3 reasons to deal with
La Trobe Financial
for your loans ...

Broadest Products

Good Value for Money
No Risk or Equalisation fees ≤ 80% LVR
Development Finance Webinar 2018
Development Finance Webinar 2018 Part 2

Product Details:

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Product Name Residential Construction Development Finance
Current Rate^ 7.29%^ 8.99 - 10.35%^
Comparison Rate* 7.61% n/a
Security Type Residential security Residential & Commercial security
Loan Purpose Construction (single residential dwelling) Construction (multi-dwellings/commercial)
Verification Required Full or Lite Doc® methods Full or Lite Doc® methods
Personal or Business/Investment Purposes Both Both
Minimum Loan Amount $100,000 $100,000
Maximum Loan Amount $3,000,000 $10,000,000 (65% LVR)
$3,000,000 (70% LVR)
Maximum LVR 75% (not to exceed 80% of total development cost) 70% (not to exceed 80% of total development cost)
Lenders Mortgage Insurance required No No
Maximum Loan Term 30 Years 2 Years
Repayment Type Principal & Interest Interest Only
Maximum Interest Only Term 5 Years reverting to P&I 2 Years
Interest Rate Type Variable Variable
Redraw Available Yes No
Application Fee (excl. Val. & Legal Fees) 1.25% of the loan amount from 1.50% of the loan amount
Risk Fee $0 $0
Additional Repayments Yes No

What should I do next?

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Step 2

Manually Apply with Forms

For Loan Application and Income Verification forms, click here
  1. A Loan Application form
  2. A Verification of Identity
  3. One of the following Income Verification Certificates based on if you are self employed or a PAYG employee:
    1. Self Employed Accountants Certificate (SEBAC)
    2. PAYG Employer Salary Confirmation (PAYG-C)
    3. Self Employed Borrowers Repayment Declaration (SEBRD)
Or call 13 80 10