Finance who can afford it, La trobe Finance 11.17% + another 5 % = GREED
La trobe financial has become the Money winner again in 2010
Right now the commercial interest rate is 11.17% this makes Latrobe to be one of the highest rates.
Some people may wonder what is such an award aiming for. If the award is to determine the maximum profit towards its customers then I think the La trobe financial has succeeded where mainstream banking players have not or have not YET.
I will list the fees over the 3 year loan period
Settlement Disbursement Fee 90.00
Balance of upfront fees 1625.00
Insurance Administration Fee 30.00
Packet Review fee 300.00
Information Production Fee Discharge 15.00
Insurance Administration Fee 50.00
Packet Review Fee 300.00
Insurance Administration Fee 50.00
Legal costs to be advised
Discharge Settlement fee 980.00
Title release fee 190.00
Electronic File fee 130.00
Statement issuance Fee 25.00
So far the cost of the loan over a three year term has commanded fees of 3785 on a interest only secured loan of 130,000.
The La trobe has provided mortgage since 1952 in excess of 10 billion to over 100.000 individuals, claiming to be one of Australia’s privately owned enterprises.
La Trobe capital & Mortgage Corporation Ltd is making the mainstream banking sector look good, well look so far.
Well done Latrobe you open the door to even a greater profits for the banking industry.
Some may think the latrobe concept is about greed some may think greed is good
In 2011 I wonder how many people are forced to bend over because they have no other choice
Welcome to Australia financial ANIMAL KINGDOM where pigs make big profits
