La Trobe Business Loans
La Trobe Home Loans of Australia, a specialist mortgage financier since 1952, has introduced a 100% purpose business loan which has a special attraction for the self employed.
La Trobe's financial information requirements have been streamlined through their Lite Doc process which reduces the paper warfare process any self employed borrower would be only to familiar with.
The Lite Doc system, which is exclusive to La Trobe, comprises of a one page document which is completed by the borrowers accountant and attests to the borrowers ability to service the debt on the agreed terms and conditions.
Known as the Liberty Loan, this loan product requires residential security with a maximum loan to valuation ratio of 75% and the interest rate is variable, currently at 7.25% for loan amounts below $500K and 7.75% for amounts above $500K.