This Commissions Guide article relates to LaTrobe Financial loans.
Connective will maintain this guide to the best of its ability but cannot guarantee that the information within is complete, and/or in line with the latest guidance and policies of the lender. If you believe anything is missing or inaccurate, please contact us.
Contents:
Commission Rates
Upfront Commission
| ex GST | inc GST |
Lite Doc Facilities | 0.5% | 0.55% |
For P2C Loan product where Latrobe has the 1st Mortgage for both loans | 0.5% | 0.55% |
Where the loan is a 2nd Mortgage behind Latrobe | nil | nil |
Where the 2nd Mortgage is behind another lender | nil | nil |
The application and referral fee are paid on the approved loan limit for all new loans settled.
Trail Commission
The standard trail rate for loans covered under the National Credit Code is 0.25% + GST.
Trail payments will be suspended if a loan facility falls into arrears.
For P2C loan product, trail is paid where Latrobe has the 1st mortgage, or where the loan is a 2nd mortgage behind Latrobe and where the 2nd mortgage is behind another lender.
Clawbacks
No clawback policies apply.