Matching Deposits

The concept of matching deposits is unique to the LLL and provides an ingenious way to support a particular project within the Lutheran Church of Australia (LCA). Once the approval process is complete, the project is able to borrow funds from the LLL to the total amount of matching deposits at the low interest of 5% p.a. with no application fees or any ongoing fees.

When compared to commercial lending rates and the fees imposed by financial institutions, LCA projects enjoy significant savings in interest payments. This enhances capital development and can facilitate more rapid repayment schedule for the loan.

Key features

• Matching deposits do not affect the status of your account.
• Your funds are always available at call.
• You can make deposits and withdrawals as usual.
• The account still earns interest as nominated by you.
• Your instructions can be changed at any time by simply writing to the LLL.

Find out more about Matching Deposits.