Laboratories Credit Union Limited

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Introductory Investment Loan Offer 

Is it time to refinance? Lock in our discounted interest rate for 2 years.

2 Years Fixed^
2.29% pa
interest rate1

3.73% pa
comparison rate2

  • Fixed for 2 years
  • New money only
  • Property Investor
  • No ongoing loan fees
  • LCU pays legal fees and valuation costs up to $500
  • 100% offset transaction account
  • Direct access to your loans officer during the application process with a prompt turnaround time
  • No redraw fees

Apply OnlineEnquire

  How do I apply?
  What documents do I need?

Evidence of Income:

  • Copy of 2 current pay slips or a letter from your employer stating commencement date and salary details
  • If your pay is not currently deposited to an LCU account, please supply 3 months' of complete bank statements
  • Proof and source of other income
  • If self-employed please provide full financial statements and tax assessments for the last 2 years and current figures no more than 3 months old
  • A copy of a recent rental lease or bank statements showing receipt of rent.

Evidence of Commitments:

  • Statement of your home and/or other loans
  • A copy of a recent rental lease or if boarding, a letter from the owner
  • Latest 3 months' of statements for all credit cards and store cards
  Additional information

1 Rates are subject to change. Please refer to our rates and fees page.
Credit eligibility criteria, terms & conditions, fees & charges apply. Minimum loan amount $350,000 and only available for Investment principal & interest loans with LVR of 80% or less. Applications must be funded within 3 months of formal approval. Offer current as at 01/09/2020. Offer available for a limited time only and may be withdrawn at any time. Not available in conjunction with any other offer. 
^At the end of the introductory period the loan interest rate will revert to the Investment Intelligent Mortgage Variable Loan rate (currently 3.97% pa).
2Comparison rate based on a loan of $150,000 over 25 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.


Introductory Investment Loan Offer
Interest Rates
Variable Interest Rate3.97% pa
Ability to enter into second fixed rate period?Yes 
Fixed Introductory Interest Rate2.29% pa1
Introductory Rate Term in Years2 
Comparison Rate3.73% pa
Fees
Establishment Fee$903.60 
Valuation fees included within Establishment Fee?Yes 
Annual Fee$0 
Monthly Fee$0 
Fixed discharge fee$0 
Redraw Fee$0 
Fixed Loan Break FeeYes 
Features
Redraw FacilityYes 
Offset AccountYes 
Additional Repayments AcceptedYes 
Additional Repayments Fee$0 
Simulator Defaults
Minimum Amount$350000 
Maximum Amount$1500000 
Minimum Term in Years2 
Maximum Term in Years30 
Default Amount$350000 
Default Term in Years30 
Calculator Options
Level repaymentsNo 
Enable Interest Capitalisation OptionNo 


 

1 Credit eligibility criteria, terms & conditions, fees & charges apply.. Australian Credit Licence 240807. Minimum loan amount $350,000 and only available for principal & interest loans with LVR of 80% or less. Applications must be received by 27 December 2019 and funded within 3 months. Rate current as at 21/10/19. Not available in conjunction with any other offer. 1At the end of the introductory period the loan interest rate will revert to the Intelligent Mortgage Variable Loan rate (currently 3.53% pa). 2The comparison rate is based on a loan amount of $150,000 over a loan term of 25 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.