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Construction Loan

A very competitive loan for when you need to build your new home or investment. Unlike other lenders where inspections are required at every interval during the progress construction, the Construction Loan only requires an initial and final inspection.

Building your new home?
Our Construction Loan not only takes care of your financing requirements during the building phase, but also ensures a low rate and no fees for the remaining loan period.

This Construction Loan could be the perfect loan if you are:

  • Buying land and want to build your home on it
  • An investor looking for a residential project loan

Construction Loan Features *

Our Construction Loan is packed with flexible features. Here are some of them…

Loan Amounts $50,000 to $1,000,000
Minimum of $0 in combination or split.
Interest Rate Type Variable rate only during construction period
Term 10 to 30 years
Repayment Type Interest only during the construction period, and then reverts to Advantage Rate Loan. Can revert to another product if notified in writing prior to the final draw down
Combinations and Splits Not available during construction period
Repayment Options Direct Debit either monthly or fortnightly
Additional Repayments Not available during construction period
Redraw Facility Not available
Withdrawals Not available
Salary Crediting? No
Ability to Switch Not available during construction period
Statement Issued Monthly
Other Fees $295 progress inspection fee
Substitution Not available during construction period

* While we have taken all reasonable care in producing this information, we do not promise that it contains all the information you need to answer all your questions. All product details, interest rates, terms, conditions and other information may change at any time without notice.

Call us now to speak to one of our experienced home loan professionals and we will work out how much we can SAVE you by doing it the NEW WAY! Or Click here to apply for your Equity Line of Credit right now.

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