Rates & Terms Summary
Key Features of the Community Trust Investment Fund
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Minimum investments
Lump sum investment
Regular investment plan
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$1000
$25 per week OR $50 per fortnight OR $100 per month
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Social return on investment
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See case study examples
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Interest rate
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expected to be 5-6% annually *
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Interest calculated
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on daily balances, paid annually after audit and expenses
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Funds availability
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at call
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Fees and charges
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No entry, exit, transaction or account service fees
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* It is expected that financial return on investments in the Fund will be at a rate similar to the cash rate set by the Reserve Bank of Australia. However, guarantees cannot be made in respect of investment returns.
Foresters Community Finance has provided over 50 property loans to community organisations amounting to over $6 million over 12 years.
Foresters Community Finance has an Investment Policy and an Ethical Policy, which are detailed in the Product Statement; and a Valuation Policy which ensures accurate, consistent, simple, transparent and equitable valuations. An effective Credit Risk Policy is in place, along with procedures for the management of loans including arrears.
Contrary to the views held by mainstream banks with regards to provision of finance to community organisations, Foresters Community Finance has never had a default on a loan to a community organisation.
Click here to download the Community Investment Fund Product Statement