La Trobe Financial 12 Month Discount Variable Rate

The La Trobe Financial 12 Month Discount Variable Rate Loan is one of the many quality mortgage products offered by the Australian financial services business. For the first year of this variable rate home loan, the borrower can enjoy a reasonable introductory discount on the interest rate before it returns to the standard rate issued by La Trobe and the Australian market.

The 12 Month Discount Variable Rate loan is a great loan with plenty to offer prospective borrowers who want simplicity but also enjoy having some flexibility in their lending options. You get some of the standard features that are included with these types of home loans.

KEY BENEFITS

Below you will find the key benefits that are included with the La Trobe Financial 12 Month Discount Variable Rate Home Loan:

Redraw Facility

You can withdraw funds from your mortgage account to pay for other expenses or to help you purchase another property or plan your next holiday. The minimum redraw amount is $1,000.

Extra Repayments

You can make unlimited extra repayments with the variable rate home loan. There are no fees or penalties.

Flexible Repayment

This home loan product allows you to choose the payment schedule that works for you whether it is weekly, fortnightly, or monthly.

Split Loans

You can split your loan account between multiple loans. However, the subsequent loans must be part of the same product line. There is a $750 fee.

Interest Only

There is a maximum of 5 years available to set an interest only pay period. You will not be required to pay principal during this term.