Construction Home Loan
Construction Home Loan
- From
- 8.39%
- 8.78% comparison
Interest Rates
| Type | Rate | Comparison | Applies To |
|---|---|---|---|
| Variable The rate shown is the minimum interest rate available. The interest rate which applies will be determined by the lender using a number of factors, including the loan amount and purpose, LVR, borrower and repayment types. · This rate is for traditional income assessment. | 8.39% | 8.78% | — |
| Variable The rate shown is the minimum interest rate available. The interest rate which applies will be determined by the lender using a number of factors, including the loan amount and purpose, LVR, borrower and repayment types. · This rate is for flexible income assessment. | 8.39% | 8.78% | — |
Fees
| Fee | Type | Amount |
|---|---|---|
| Loan variation fee These are fees for varying the terms of the loan agreement such as increasing the loan amount, extending the term and amending the security. | Variation | From $250.00 |
| Monthly account keeping fee Charged monthly | Ongoing | $15.00 |
| Loan discharge fee | Exit | $500.00 |
| Risk fee The rate shown calculates the minimum risk fee applicable, which cannot exceed 1.50% of the principal loan amount (excluding other fees and charges). The applicability and amount of the risk fee is determined by the lender using credit assessment criteria, including LVR and can be paid upfront or added into the loan | Upfront | 1.25% of balance |
| Establishment fee | Upfront | $990.00 – $1,390.00 |
| Legal fee | Upfront | From $400.00 |
| Loan settlement fee | Upfront | $120.00 |
Features
- Offset account
- No additional fees. One offset facility per variable loan split. Only available post construction on Construction (Line of Credit) split
- Redraw facility
- Redraw facility allows you to access extra repayments made. Only available post construction on Construction (Line of Credit) split.
- Extra repayments
- Interest Only available for 2 to 5 years
- We accept both traditional and alternative documentation for income verification
- Available for both owner-occupier and investment purpose
Eligibility
- Minimum age — 18 years
Constraints
- Maximum limit — $3,000,000.00Subject to LVR, location and other credit assessment criteria
- Maximum LVR — 80%The maximum LVR, inclusive of any capitalised fees, is determined based on property location, the requested loan amount, and other relevant credit assessment criteria.
- Minimum limit — $100,000.00
- Maximum loan term 30 years
Published by Connective Elevate under the Consumer Data Right · Last updated 6 July 2026 · Product ID Construction Home Loan