Construction Loan
The Australian Military Bank Construction Loan is perfect for those wanting to build or renovate their homes. With interest only repayments to help you save during the construction period, our Construction Loan helps you to relax during this often stressful time. The Construction Home Loan is also available for DHOAS eligible applicants
- From (owner occupied)
- 6.79%
- 6.82% comparison
Interest Rates
| Type | Rate | Comparison | Applies To |
|---|---|---|---|
| Variable | 6.79% | 6.82% | LVR <=98% |
Fees
| Fee | Type | Amount |
|---|---|---|
| Audit Certificate Fee Per audit certificate requested | Event | $50.00 |
| Arrears notice fee 2nd and subsequent reminders by letter or phone | Event | $20.00 |
| Construction Loan Drawdown fee | Event | $65.00 |
| Default notice fee Payable when a notice is issued regarding a default under the contract | Event | $30.00 |
| Archive retrieval fee A $50 hourly fee applies plus any expenses incurred | Event | From $50.00 |
| Processing fee | Upfront | $450.00 |
| RateSaver Switch Fee +3rd party costs- To switch to a RateSaver Loan | Event | $100.00 |
| Copies of statements (over 12 months) at branch or posted |
Features
- Extra repayments
- Split Loan
- Loyalty program — Relationship Reward Program
Eligibility
- Minimum age — 18 years
- Residency status — Individuals must be citizens or permanent residents of Australia.
- Individuals only
- Employment status — Applicants must be currently employed or receiving a regular income. Self employed clients should contact the Bank prior to applying
Constraints
- Maximum limit — $5,000,000.00
- Minimum limit — $50,000.00
- Maximum LVR — 98%
- Minimum LVR — 0%
- the minimum loan term for home loans is 8 years.
More Information
Published by Australian Military Bank under the Consumer Data Right · Last updated 24 June 2026 · Product ID da9f3260-8d3c-40db-b1d3-aad2f574cae7 · View on CDR.gov.au · View Source Data (JSON)