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Loan Ave launches new product

by Staff Reporter8 minute read
The Adviser

Loan Ave has launched a new home loan product in a bid to raise awareness about childhood disease.

For every borrower that takes out a Loan Ave Heartkids SA loan, the lender will donate a portion of the income received to the charity that supports children born with CHD.

For example on an average loan balance of $350,000, Loan Ave will donate $100 upfront and $350 per year for every home or investment loan.

This would equate to $1850 to HeartKids SA over 5 years.

Loan Ave founders Paul and Michelle Collins said they were inspired to support the childhood charity after becoming friends with a very special "HeartKid", Lewis Harrison, who is currently battling a severe heart defect called tetralgogy of fallot.

"Lewis's story and so many others we have heard about and met have touched our lives personally and we wish to provide support that helps, grows and enriches our community," Michelle Collins said.

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