La Trobe Financial was founded in 1952 by Ray O’Neill and his son Greg took over as CEO in 1997. However, in December 2017, La Trobe Financial announced the sale of 80% of its operations to Blackstone Group NYC. It’s currently 100% privately owned — 80% by Blackstone and 20% by interests associated with Greg O’Neill.
There is always some degree of security risk when it comes to any financial activity — whether it’s the minor risks of a data breach when online banking or the more pronounced risks involved in investing. However, La Trobe Financial is clearly a bank that priorities security. Their website states “we have implemented technology and policies with the objective of protecting your privacy from unauthorised access and improper use and will update these measures as new technology becomes available, as appropriate.” They also have a section on their website, The Security Hub, that provides useful tips for protecting your assets.
Applying for a home loan through La Trobe Financial usually starts with talking to a mortgage broker, who will be able to find the most suitable product for your needs. They will also be able to help you organise and submit your loan application forms.
La Trobe does not have physical branches, so you will need to access the form via La Trobe’s website and forward it to their office via email. You can also contact them on 13 80 10 to speak to staff who will be able to help you fill out your form. At this stage, you will also need to submit any necessary identification, including your driver’s license, passport, birth certificate or Medicare form.
Once received, La Trobe Financial will call you back with a status update, which may be conditional approval. They will ask you to submit information related to your income and the property you’re looking to purchase. They will also do a valuation on the property. If formally approved, you’ll be sent a settlement pack including forms you’ll need to sign. Once sent back, this will be reviewed by La Trobe Financial’s solicitor to ensure everything has been signed properly. From here, your settlement date will be set and you’ll receive your funds!