Laboratories Credit Union Limited

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Introductory Investment Loan Offer 

Is it time to refinance? Lock in our discounted interest rate for 3 years.

3 Years Fixed^
1.99% pa
interest rate1

3.12% pa
comparison rate2

  • Fixed for 3 years
  • New money only
  • Property Investor
  • No ongoing loan fees
  • 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. For new loans only. Minimum loan amount $350,000 and only available for owner occupied or investment, principal & interest loans with LVR of 80% or less. Applications must be funded within 3 months of formal approval. Offer available until 30 April 2021. Not available in conjunction with any other offer. At the end of the introductory period the loan interest rate will revert to the Intelligent Mortgage Variable Loan rate (currently 3.42% 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 Rate3.42% pa
Ability to enter into second fixed rate period?Yes 
Fixed Introductory Interest Rate1.99% pa1
Introductory Rate Term in Years3 
Comparison Rate3.12% 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.