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Since the LLL's beginning in 1921 it has been providing assistance to Lutheran education in many ways. Support through LLL loans, the provision of business services, insurance, school banking, grants and sponsorships. This support is provided free of fees and charges.
LLL Loans
For approximately 80 years the LLL has been providing financial support through the provision of competitive interest rate loans to Lutheran schools. This enables schools to develop and expand at a faster rate because of this competitive rate, fee-free loan facility, view the current lending rate. Nearly all Lutheran Schools have had or currently have an LLL Loan. Ask your Principal or Business Manager how your school has or continues to benefit from LLL Loans. LLL Australia is not able to offer personal or business loans to non-Lutheran entities.
Business Services
Apart from competitive interest loans, the LLL has supported Lutheran Schools through the provision of business and financial services. Today, online services such as fee-free transactions, batching facility, BPAY® Biller and MYOB and XERO bank feeds compatibility.
If you are in business these services are available to you.
Visit the LLL Business Savings Account page or contact us for more information.
Insurance Services
The LLL administers LCA Insurance on behalf of the Lutheran Church of Australia (LCA). Almost 100% of Lutheran entities including all Lutheran Schools insure through this service. Lutheran Schools enjoy a wide range of insurance coverage through LCA Insurance including; buildings, contents, legal liabilities and all organised school activities and student accidents. LCA Insurance prides itself on delivering excellence in service to ensure that the growing needs of Lutheran Schools are met in the 21st century.
School Banking
For more than 50 years LLL has assisted to encourage and develop regular child saving behaviour through the provision of school banking in Lutheran Schools. Many children today have a guardian savings account opened by parents or grandparents who themselves had participated in regular school banking when they attended school. They can see the benefits of encouraging a regular savings habit.
When a child opens up their first account with the LLL, a gift of $5^ is placed into their account. Most Lutheran Schools offer a regular ‘school banking day’ which can enable children to develop a saving habit. A regular saving routine and teaching your child basic financial literacy can place them on a path of financial competency. Contact your school to find out more information on school banking and how they support financial literacy education for your child.
Grants and Sponsorships
From the early days, the LLL has provided financial grants to Lutheran schools. In recent years many schools have received grants from the LLL, such as; LLL Earthcare Grants, partnered with congregation’s receiving a Mission Stimulus Grant and participated in ALWS school community education days.
The LLL provides Lutheran Education Australia support through financial and other sponsorship for conferences at a local, district and national level. The LLL has been a regular sponsor of the Australian Conference for Lutheran Education (ACLE) and since 2011 the LLL has financially supported the Lutheran Principals Association (LPA) biannual conference.
In summary, by simply having an LLL account you are not only helping yourself to a high interest paying account with no fees or charges but you are assisting much more, your school!! For more information on LLL Savings Accounts visit the LLL website.
This advice is general in nature and does not take into account your personal situation, needs or objectives. Please consider if this product is right for you. *Interest rate is subject to change. ^The $5 deposit is paid into the first account opened in the child’s name. ® Registered to BPAY Pty Ltd ABN 69 079 137 518
