28 July 2022|2 minute read
Lendi Group today announced La Trobe Financial, one of Australia’s largest non-bank lenders and three-time winner of Money Magazine’s Non-Bank Lender of the Year award, has joined its Lending Panel, giving Australians greater choice and flexibility in their home financing journey.
La Trobe Financial, the 28th lender to join the Lending Panel, boasts one of the broadest product range in Australia offering lending solutions to suit clients’ needs at every life stage.
Brad Cramb, CEO of Distribution, Lendi Group, said: “Lendi Group is committed to helping Australians achieve their home ownership dreams, seamlessly, which includes 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. 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.
“Having La Trobe Financial join our panel provides broader product choice and solutions for homeowners seeking local in-person broker expertise or an online experience through our network of more than 1,000 mortgage brokers in our Aussie, Lendi and Domain Home Loans brands.”
La Trobe Financial was founded in 1952 by Ray O’Neill who held the belief that home ownership is the foundation of financial independence. Since then, La Trobe Financial has helped over 229,000 Australians through its diverse product options. La Trobe Financial has $14 billion in assets under management, including La Trobe Australian Credit Fund which further increases its lending capacity.
Chief Lending Officer of La Trobe Financial, Cory Bannister, said: “La Trobe Financial is thrilled to be joining Lendi Group’s Lending Panel which will assist in delivering our extensive range of lending products to a greater number of under-served Australians. This partnership will also allow our technological and educational offerings to be utilised by Lendi Group’s large broker network, ensuring the loan application process is simplified and made more transparent to brokers, in turn helping the customer.”
Under this partnership, La Trobe Financial loan options will be made available to its customer members through the Lendi Group platform from July 2022.
Lendi Group is the parent company of Aussie Home Loans and Lendi. Both Aussie and Lendi were founded as market disruptors with a common purpose to help Australians get access to better deals, better rates and better information on their home loans.
David Hyman and his fellow co-founders, Sebastian Watkins, Martin Lam and Mark Kalajzich, started Lendi in 2013 to empower borrowers with more transparency and choice while Aussie was founded by John Symond in 1992 to bring competition to the Australian home lending industry. In 2021, Lendi and Aussie merged to create the powerhouse Lendi Group and usher in a new era of seamless connection between customers, lenders, brokers and data.
Driven by its mission to change the way Australians experience property lending, Lendi Group is home to Australia's number one online home loan platform, a network of over 1200 brokers, a head office team of 600 people and a retail footprint of more than 225 stores across the country.