Granite HomePay Construction
Granite HomePay Construction
Fees
| Fee | Type | Amount |
|---|---|---|
| Construction Risk Fee This fee is applicable to loans with an LVR from 93% to 94% for Investment properties | Upfront | 5.75% of balance |
| Construction Risk Fee This fee is applicable to loans with an LVR from 92% to 93% for Investment properties | Upfront | 5.5% of balance |
| Construction Risk Fee This fee is applicable to loans with an LVR from 89% to 90% for Owner Occupied properties. | Upfront | 3.75% of balance |
| Construction Risk Fee This fee is applicable to loans with an LVR from 81% to 82% for Owner Occupied properties. | Upfront | 1.5% of balance |
| Construction Risk Fee This fee is applicable to loans with an LVR from 84% to 85% for Owner Occupied properties. | Upfront | 2.5% of balance |
| Construction Risk Fee This fee is applicable to loans with an LVR from 86% to 87% for Owner Occupied properties. | Upfront | 3% of balance |
| Construction Risk Fee This fee is applicable to loans with an LVR from 94% to 95% for Investment properties | Upfront | 6% of balance |
| Construction Risk Fee |
Features
- Offset account
- Available
- Redraw facility
- Yes
- Card access — Visa Debit Card - Yes
- Multiple loan splits - Available
- Repayment frequency: Monthly, fortnightly and weekly - during P&I period
- Repayment frequency: Monthly - during IO period
- Up to 5 years
- Repayment method: Salary credit/Direct debit
Eligibility
- Minimum age — 18 yearsbe at least 18 years of age and above
- Individuals onlyare individual borrowers (as single or joint borrowers)
- Residency status — is either an Australian Citizen or a Permanent Resident of Australia
- have a build contract with a HomePay accredited builder
- meet our lending eligibility criteria
- provide sufficient security in accordance with our lending eligibility criteria
- guarantor who supports the loan also meets our lending eligibility criteria
- Only for construction properties
Constraints
- The maximum loan term is 360 months for Principal & Interest
- The maximum loan term is 60 months for Interest Only
- Maximum limit — $3,500,000.00The maximum loan amount for this product is $3,500,000
- Maximum limit — $3,000,000.00This limit is applicable to loans with an LVR from 0% to 70% from Regional areas
- Maximum limit — $2,000,000.00This limit is applicable to loans with an LVR from 90% to 95% from Inner-City & Metro/Non-Metro areas
- Maximum limit — $3,000,000.00
Published by Granite Home Loans Pty Ltd under the Consumer Data Right · Last updated 10 July 2026 · Product ID Granite HomePay Construction · View Source Data (JSON)