Looped Finance

Looped Finance Contact information, map and directions, contact form, opening hours, services, ratings, photos, videos and announcements from Looped Finance, Financial service, Bendigo.

At Looped, we’re committed to being your trusted partner, offering personalized guidance and honest communication to help you make confident, informed decisions on your journey to homeownership.

Hands up if you had no idea your job qualified you for better home loan conditions. 🙋You'd be surprised how many essenti...
04/07/2026

Hands up if you had no idea your job qualified you for better home loan conditions. 🙋
You'd be surprised how many essential workers we speak to who assumed the benefits didn't apply to them — or didn't even know the benefits existed.
So let's settle it. Here's who lenders typically recognise as essential workers for home loan purposes:
🏥 Nurses and midwives

⚕️ Doctors and medical professionals

🚒 Firefighters

🚑 Paramedics and ambulance officers

👮 Police officers and protective service officers

🎓 Teachers and early childhood educators

🦷 Dentists and allied health professionals

⚖️ Legal professionals (select lenders)
Not every lender recognises every profession — and the benefits vary between them. Some lenders have products built specifically for essential workers. Others apply standard policy across the board.
The difference between knowing which is which? Could be tens of thousands of dollars in your favour.
If your profession is on that list — or you think it might be — come talk to us. Takes 10 minutes to find out where you stand.
📲 looped.finance | 0403 625 290

Same overtime. Completely different borrowing power. Here's why. 👇When a lender assesses your income, they don't just lo...
01/07/2026

Same overtime. Completely different borrowing power. Here's why. 👇
When a lender assesses your income, they don't just look at your base salary. They look at overtime, shift allowances, and penalty rates too — but how much of that they'll accept varies enormously between lenders AND between professions.
For a standard borrower, many lenders will only count 50–80% of overtime income when calculating what you can borrow.
For essential workers — nurses, paramedics, police, firefighters — certain lenders will count up to 100% of overtime and allowances, because the nature of those roles means the income is reliable and ongoing.
What does that mean in dollars?

The difference in borrowing capacity can be anywhere from $50,000 to $150,000 more — on the exact same income.
That's not a small number. That's a different property entirely.
If you're an essential worker and you went to your bank directly, there's a real chance they undersold what you could borrow.

Love the AI 3 hand COMBO?

📲 looped.finance | 0403 625 290

Buying your second home but don't have 20% deposit yet? If you're an essential worker, this changes everything. 🏡🏡Here's...
01/07/2026

Buying your second home but don't have 20% deposit yet? If you're an essential worker, this changes everything. 🏡🏡
Here's a real scenario we see regularly:
An essential worker is ready to buy their next home. They've got equity in their current property but not quite a full 20% deposit for the new one. For most borrowers, that means one thing — LMI, which can add $15,000–$25,000 to the loan.
But for essential workers, the picture looks completely different:
🏥 Bank A (essential worker aware):

No LMI required. Borrowing above 80% is approved based on profession. No extra cost. Loan amount stays lean.
🏦 Bank B (standard policy):

LMI applies. $20,000 added to the loan balance. Higher repayments. More interest over the life of the loan.
Same person. Same income. Same deposit. $20,000 difference — just based on which lender you walk into.
This is why it matters who's shopping the market for you. We know which lenders want essential worker business and price accordingly. Your bank only knows their own rulebook.
📲 looped.finance | 0403 625 290

$10,000. $20,000. Sometimes $30,000. That's what LMI can cost — and essential workers can often skip it entirely. 🤯Here'...
30/06/2026

$10,000. $20,000. Sometimes $30,000. That's what LMI can cost — and essential workers can often skip it entirely. 🤯
Here's how it works:
Standard borrowers with less than a 20% deposit get charged Lenders Mortgage Insurance by the lender. It protects the bank — not you — and it is not cheap.
Essential workers get a different deal with certain lenders:
🏥 Nurses and midwives — LMI waived up to 90–95% LVR with select lenders

👮 Police officers — LMI waived with specific lender products built for the profession

🚒 Firefighters and paramedics — eligible with multiple lenders

🎓 Teachers — select lenders offer LMI waivers and preferential pricing

⚕️ Doctors and medical professionals — some lenders go up to 95% with zero LMI
The saving isn't just in your pocket today — it means a smaller loan, lower repayments, and less interest paid over the life of the loan.
Not every lender offers this. Knowing which ones do — and which one fits YOUR situation — is exactly what we do.
📲 looped.finance | 0403 625 290

If you're an essential worker, your profession is worth more than you think. 🏥👮🚒Most essential workers we speak to have ...
29/06/2026

If you're an essential worker, your profession is worth more than you think. 🏥👮🚒
Most essential workers we speak to have no idea the home loan landscape looks completely different for them. Here's what's actually on the table:
✅ No Lenders Mortgage Insurance

Borrow above 80% without paying LMI — saving you anywhere from $10,000 to $30,000 upfront.
✅ Sharper Interest Rates

Certain lenders actively compete for essential worker business and price their rates accordingly.
✅ Higher Borrowing Capacity

The way lenders treat essential worker income — especially overtime and allowances — can add $50,000–$150,000 to what you can borrow.
You've spent your career looking after everyone else. Let us spend five minutes making sure someone's looking after you. 🙌
📲 looped.finance | 0403 625 290

P&I vs Interest Only — what's actually the difference? 🤔Principal & Interest (P&I)Every repayment chips away at both the...
28/06/2026

P&I vs Interest Only — what's actually the difference? 🤔
Principal & Interest (P&I)

Every repayment chips away at both the amount you borrowed AND the interest. Over time, your loan balance actually shrinks. This is the default for most owner-occupiers.
Interest Only (IO)

Your repayments only cover the interest — the loan balance stays exactly the same. Repayments are lower short-term, but you're not building equity through repayments. Often used by investors for tax/cash-flow reasons, or short-term in specific situations.
The trap?

At the end of an interest-only period, repayments jump up to P&I — and if that's not planned for, it can come as a shock.
The bottom line:

There's no universally "right" choice — it depends on your goals, whether it's investment or owner-occupied, and your bigger financial picture. That's the conversation we have with every client before locking anything in.
📲 looped.finance | 0403 625 290

Same income. Same person. Two completely different answers. 🏦🏦This is one of the most misunderstood parts of getting a h...
27/06/2026

Same income. Same person. Two completely different answers. 🏦🏦
This is one of the most misunderstood parts of getting a home loan: every lender assesses you differently.
Real example: One bank might only count 70% of your bonus or overtime income. Another might count 90%. One lender might be strict on certain types of self-employed income, while another has policy built specifically for it.
The result? The SAME applicant can be told "sorry, you can't borrow enough" by one bank — and "approved, here's your extra $80k" by another.
This is exactly why going direct to your own bank can actually cost you. They only know their own rulebook. We know all of them.
It's not about finding "a" lender. It's about finding the RIGHT lender for your specific situation.
📲 looped.finance | 0403 625 290

Stamp duty: the surprise guest at every property purchase. 🎉 What is it?A state government tax you pay when you buy prop...
25/06/2026

Stamp duty: the surprise guest at every property purchase. 🎉
What is it?

A state government tax you pay when you buy property in Victoria, based on the purchase price.
How much is it?

It varies depending on the property value, whether it's your first home, and whether you're owner-occupying or investing. As a rough guide, on an average Bendigo home it can run into the tens of thousands — which is why it needs to be factored into your savings, not just your deposit.
The good news?

First home buyers may be eligible for a full or partial exemption depending on the purchase price. We check this for every client — it could save you thousands.
Don't let stamp duty be the thing that catches you out at the last minute. We factor it into your numbers from day one.
📲 looped.finance | 0403 625 290

25/06/2026

🚪 The door just closed on SMSF property borrowing… but it’s not the end of the road.

From 23 June, the government’s banning self-managed super funds from borrowing to buy residential property — part of the deal to push the budget through. If you’re mid-process, the clock’s ticking (and faster than the headlines suggest 👀).

But here’s the good news: this is a change in the rules, not the end of property investing. SMSFs can still buy outright. Unit trusts are still on the table. Commercial property borrowing is untouched. And there are plenty of pathways outside super too.

The strategy changed. The goal hasn’t. 💪

I’ve broken the whole thing down — what changed, who gets caught, and what’s still possible — over on the blog.

🔗 Full article at looped.finance (link in bio)

AusProperty MortgageBroker SuperFund FirstHomeBuyer InvestmentProperty

Buying a home doesn't have to feel like a maze. 🗺️Here's the process broken down into 5 simple stages:1. Pre-approval — ...
24/06/2026

Buying a home doesn't have to feel like a maze. 🗺️
Here's the process broken down into 5 simple stages:
1. Pre-approval — we work out what you can borrow before you start looking, so you're shopping with confidence (and a clear budget).
2. Find the home — the fun part. Open homes, auctions, private sales — go wild.
3. Make an offer — we're in your corner here too, helping you understand contract conditions before you sign.
4. Finance approved — once you're under contract, we lock in formal approval with the lender.
5. Settlement — keys in hand. Welcome home. 🔑
Every step, we're right beside you — not just at the start.
If the process feels overwhelming, that's normal. That's also literally our job. 😊
📲 looped.finance | 0403 625 290

Address

Bendigo, VIC

Website

Alerts

Be the first to know and let us send you an email when Looped Finance posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Contact The Business

Send a message to Looped Finance:

Shortcuts

Share

Category