1 minute read

New strata-borrowing calculator to help in loan proposal, approval

New strata-borrowing calculator to help in loan proposal, approval

by Bianca Dabu | June 30, 2020 | 1 minute read

Strata lender Lannock Strata Finance has launched a strata-borrowing calculator and conditional approval platform called PRONTO.

Lannock CEO Paul Morton
June 30, 2020

Lannock CEO Paul Morton said PRONTO provides strata managers and owners with a loan proposal and indicative approval in under two minutes.

“This is one of the most exciting new tools the strata industry has seen in years,” according to Mr Morton.

The new strata-borrowing calculator, a system which has never been seen in Australia, will allow strata managers and owners immediate information to help assess if a strata loan is an ideal option for their situation.

“PRONTO is a game changer for strata owners and managers in Australia, allowing an instant assessment of the borrowing capacity of their unit block,” he said.


“This platform is so easy to use, you simply need to enter a few details such as the postcode of the strata property and the number of units and the PRONTO algorithm will assess and provide a conditional approval for the desired loan.

Ultimately, it’s all about empowering strata owners and managers, Mr Morton highlighted.

“This new tool will empower them with the necessary information as fast as possible to help them make the right decision for their individual circumstances,” he said.


New strata-borrowing calculator to help in loan proposal, approval
Lannock CEO Paul Morton
spi logo
share the article

Subscribe to get the latest news and updates - join a community of over 80,000 property investors.

Check this box to receive podcast updates

From the web

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.