Non-bank La Trobe Financial has joined Lendi Group’s lending panel.
La Trobe Financial is the 28th lender to join the lending panel which Lendi Group says boasts one of the broadest product ranges in Australia by offering lending solutions to suit clients’ needs at every life stage. It is the also the second non-bank to join Lendi Group’s panel, following Pepper Money in May.
Lendi Group said the addition of La Trobe Financial gave Australians greater choice and flexibility in their home financing journey.
Under this new partnership, La Trobe Financial loan options will be made available to its customer members through the Lendi Group platform from July 2022.
Lendi Group CEO of Distribution Brad Cramb (pictured above left) said the group was committed to helping Australians achieve their homeownership dreams seamlessly, which included providing customers with the most competitive deal for their personal circumstances.
“Our lending panel offers more than 2,500 products to suit the individual needs and financial circumstances of homeowners,” Cramb said.
“With its personalised service that reaches customers who do not meet the requirements of many traditional banks, La Trobe Financial complements our extensive lending panel.”
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Lendi Group also recently added Australia’s biggest customer-owned bank, Great Southern Bank, as well as Pepper Money to its lending panel, to continue growing its loan offerings to its clients.
Cramb said having La Trobe Financial join its panel provided broader product choice and solutions for homeowners seeking an in-person or online broker experience.
“This is a win for our network of more than 1,000 mortgage brokers in our Aussie, Lendi and Domain Home Loans brands,” he said.
Founded in 1952 by Ray O’Neill, La Trobe Financial was created with the belief that homeownership was the foundation of financial independence.
Since then, La Trobe Financial has helped more than 229,000 Australians through its diverse product options and has $14bn in assets under management including La Trobe Australian Credit Fund, which further increases its lending capacity.
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La Trobe Financial chief lending officer Cory Bannister (pictured above right) said the organisation was thrilled to be joining Lendi Group’s lending panel.
“This will assist us in delivering on our extensive range of lending products to a greater number of under-served Australians,” Bannister said.
“This partnership will also allow our technological and educational offerings to be utilised by Lendi Group’s large broker network by ensuring the loan application process is simplified and made more transparent to brokers, in turn helping the customer.”
On July 20, Great Southern Bank joined Lendi Group’s panel in a move that increased the number of available product options to over 2,500.
Lendi Group said the partnership provided a greater choice of home loan options, particularly for first-home buyers.
“With Great Southern Bank joining our lending panel, we are adding mortgage products and solutions that particularly address the needs of first home buyers,” Cramb said.
“Great Southern Bank understands the power of our network particularly considering over three quarters of their home loans are currently delivered via brokers.”
For Pepper Money, the integration meant more borrower segments with unique circumstances would have a greater sense of certainty and confidence when looked at the home loan options available to them through the Lendi Group network.