CONSTRUCTION HOME LOAN
A competitive variable interest rate construction loan to meet the needs of customers seeking this type of finance.
– Competitive interest rates
– Unlimited redraw transactions available
– Flexible repayments to suit you
ADDITIONAL INFORMATION
| Feature | Construction Home Loan |
|---|---|
| Borrower Suitability | This loan is suitable for clients looking to purchase an owner-occupied or Investment property, a home to live in, refinance their existing mortgage or consolidate their debts. |
| Loan Amount | up to $5,000,000 |
| Loan to Value Ratio | Insured | 80% No Mortgage Insurance (up to $5 million) | 80%-90% with Mortgage Insurance (up to $850K) |
| Term | 1 to 30 years |
| Interest Rate Type | Variable rates are available |
| Repayments | Principal & Interest | Weekly, Fortnightly or Monthly |
| Repayment Methods | Direct Debit/Direct Salary Crediting |
| Redraw Facility | Unlimited redraw transactions, with no maximum limit at no cost. Accessible 24hrs after lodgement |
| Account Access | Net/Phone banking | ATM/EFTPOS | BPAY® | Direct Debit Card |
| Application Fee | Nil |
| Valuation Fee | Nil |
| Settlement Fees | Nil |
| Monthly & Annual Fees | Nil |