A short-term loan designed to allow applicants to purchase or build a new property prior to having completed the sale of their existing property.
Instead of having to cover two repayments, La Trobe Financial combines both loans and includes an interest budget within the total loan amount, meaning no repayments are required during the bridging period while the debt is at its peak.
Current Rate^: 8.39%
Comparison Rate*: 8.72%
Security Type: Residential or Commercial security
Loan Purpose: Purchase or Construction
Verification Required: 2 payslips OR last 2 years financials/tax assessment notices
Minimum Loan Amount: $100,000
Maximum Loan Amount: $25,000,000 (70% LVR)
$5,000,000 (75% LVR)
$2,000,000 (80% LVR)
Maximum LVR: 80%
Loan Term: Interest budget period set to suit applicants requirements (maximum 2 years), where there is to be residual debt – terms can be provided up to 30 years
Repayment Type: Interest only during interest budget term reverting to P&I up to 30 years
Redraw Available: Yes – however not during interest budget period
Application Fee (excl. Val. & Legal Fees): 1.25%
Risk Fee: $0
Additional Repayments: Yes
Current Rate^: 8.39%
Comparison Rate*: 8.72%
Security Type: Residential or Commercial security
Loan Purpose: Purchase or Construction
Verification Required: 2 payslips OR last 2 years financials/tax assessment notices
Minimum Loan Amount: $100,000
Maximum Loan Amount: $25,000,000 (70% LVR)
$5,000,000 (75% LVR)
$2,000,000 (80% LVR)
Maximum LVR: 80%
Loan Term: Interest budget period set to suit applicants requirements (maximum 2 years), where there is to be residual debt – terms can be provided up to 30 years
Repayment Type: Interest only during interest budget term reverting to P&I up to 30 years
Redraw Available: Yes – however not during interest budget period
Application Fee (excl. Val. & Legal Fees): 1.25%
Risk Fee: $0
Additional Repayments: Yes
Current Rate^: 8.39%
Comparison Rate*: 8.72%
Security Type: Residential or Commercial security
Loan Purpose: Purchase or Construction
Verification Required: Borrower repayment declaration PLUS one of the following; accountant’s letter, BAS or Trading Statements
Minimum Loan Amount: $100,000
Maximum Loan Amount: $25,000,000 (70% LVR)
$5,000,000 (75% LVR)
$2,000,000 (80% LVR)
Maximum LVR: 80%
Loan Term: Interest budget period set to suit applicants requirements (maximum 2 years), where there is to be residual debt – terms can be provided up to 30 years
Repayment Type: Interest only during interest budget term reverting to P&I up to 30 years
Redraw Available: Yes – however not during interest budget period
Application Fee (excl. Val. & Legal Fees): 1.25%
Risk Fee: $0
Additional Repayments: Yes
Current Rate^: 8.39%
Comparison Rate*: 8.72%
Security Type: Residential or Commercial security
Loan Purpose: Purchase or Construction
Verification Required: Borrower repayment declaration PLUS one of the following; accountant’s letter, BAS or Trading Statements
Minimum Loan Amount: $100,000
Maximum Loan Amount: $25,000,000 (70% LVR)
$5,000,000 (75% LVR)
$2,000,000 (80% LVR)
Maximum LVR: 80%
Loan Term: Interest budget period set to suit applicants requirements (maximum 2 years), where there is to be residual debt – terms can be provided up to 30 years
Repayment Type: Interest only during interest budget term reverting to P&I up to 30 years
Redraw Available: Yes – however not during interest budget period
Application Fee (excl. Val. & Legal Fees): 1.25%
Risk Fee: $0
Additional Repayments: Yes
CONSUMER ADVISORY NOTE
Maximum loan amounts and LVRs may vary based on security offered.
* 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 the loan amount and risk grade of borrower
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