Construction Home Loan

Suited to Customers who need finance to build their home of their dreams. Customers usually have land already but this too can be financed. Generally finance is available to 90% of the land value and housing costs with progress payments being made at each stage of the construction.

There are a number of homes loans available to suit during construction and our assistance will help you choose the right home loan for your own particular circumstance.

Loan Purpose
• Owner Occupied Housing and investment including purchase of vacant land
• Construction
• Refinance including debt consolidation
• Personal and investment purposes
• Off the Plan purchases 
 
Features
• Weekly, fortnightly or monthly repayments
• Repayment Redraw (after completion)
• Interest only payments during construction period
• Lump sum repayments are allowed
• Portability  
• Choose a fixed rate period from 1, 2, 3, 4, 5, 7, 10, or 15 years
• Internet banking

Benefits
• Interest calculated daily and charged monthly
• Repay your home loan off faster
• Structure repayments weekly, fortnightly or monthly
• Reduce monthly payments with a loan term up to 30 years
• Make additional repayments to pay off the loan sooner and save on interest
• Repayment Redraw (re-borrow payments in advance back off the home loan)
• Payment methods via Internet Banking, Pay anyone, Telephone Banking, ATMs, EFTPOS and Branches
• Portability – move your home loan with your next home purchase
• Interest Only - make interest only payments for a period of 1, 2, 3, 5, 7, 10 or 15 years after the final draw down
• Repayments can be automatically deducted from any nominated banking account 

At a Glance
• Minimum – $10,000
• Maximum – No Maximum
• Term – up to 30 years
• 90% loan to value ratio
• Ineterest only payments during construction
• Longer process

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