Powered by MOMENTUM MEDIA
subscribe to our newsletter
La Trobe changes SMSF loan terms

La Trobe changes SMSF loan terms

Credit specialist La Trobe Financial has made changes to the loan terms available on its commercial lending products.

The lender announced yesterday that its commercial loans, which include commercial SMSF products, have been extended to a 25-year loan term.

The product is particularly relevant for loans relating to commercial securities intended to be held long term such as warehouses, light industrial, offices, and retail shops and mixed use, according to a company statement.

La Trobe Financial is offering the 25-year term as a standard option on both its commercial SMSF loan product and on all loan products where the security is owner-occupied.

“The long term, P&I servicing loan profile is significant in complementing the breadth of the commercial lending program,” La Trobe Financial executive head of credit-commercial lending Steve Lawrence said.

“La Trobe Financial knows that in order to be a ‘one-stop shop’ for specialist commercial lending, its fundamental to be able to offer a product range covering all of the typical deals brokers see,” he said.

La Trobe changes SMSF loan terms
mortgagebusiness

Latest News

The chief lending officer of a credit provider has sought to refute the “myths” associated with non-bank lending amid concerns raised by...

A US-based fintech has announced its partnership with Mastercard ahead of its launch in Australia in 2019. ...

A loans and deposits marketplace has announced that it has secured capital investment from Lakeba Group. ...

FROM THE WEB
podcast

LATEST PODCAST: Changing faces and bank growth slowdown

Is enough being done to ensure responsible lending?