Amlak Select Construction
Construction finance facilities can be used to provide finance when you are building a house, completing a major renovation or demolishing and rebuilding. It allows you to progressively draw down on the facility in stages, only paying rent on the amount drawn during the construction period.
- From (owner occupied)
- 7.5%
- 7.62% comparison
Interest Rates
Owner occupied — Interest only
| Type | Rate | Comparison | Applies To |
|---|---|---|---|
| Variable Profit Only during Construction or for 12 months, whichever ends sooner | 7.5% | 7.62% | Loan-to-Value Ratio (LVR) |
| Variable Profit Only during Construction or for 12 months, whichever ends sooner. | 7.64% | 7.76% | Loan-to-Value Ratio (LVR) |
Investment — Interest only
| Type | Rate | Comparison | Applies To |
|---|---|---|---|
| Variable Profit Only during Construction or for 12 months, whichever ends sooner | 7.77% | 7.89% | Loan-to-Value Ratio (LVR) |
| Variable Profit Only during Construction or for 12 months, whichever ends sooner. | 7.96% | 8.08% |
Fees
| Fee | Type | Amount |
|---|---|---|
| Application Fee A one time fee charged at the time of application, comprising of a $755 application fee, and a $210 processing fee. | Upfront | $965.00 |
| Valuation Fee A variable fee charged at cost to assess the value of the property used as security for the finance facility, starting from a minimum amount. | Event | From $221.00 |
| Discharge Administration Fee A fee applied when releasing our mortgage to cover administrative processing of the discharge request. Waived if loan runs to term. | Exit | $300.00 |
| Discharge Documentation Fee A fee charged for preparing the necessary documentation when the loan is fully repaid and discharged. Waived if loan runs to term. | Exit | $250.00 |
| Construction Assessment Progress Fee Construction Assessment Progress Fee charged at settlement to cover the cost of assessing each stage of construction. | Event | $650.00 |
| Construction Administration Fee Construction Administration Fee charged at settlement to cover the administrative costs of managing a construction finance facility during the building period. |
Features
- Extra repayments
- Allows borrowers to make additional repayments on the finance facility to reduce rent and pay off the facility faster.
Eligibility
- Minimum age — 18 yearsApplicants must be at least 18 years old to apply for this finance facility.
- Residency status — Are Australian or New Zealand citizens living and working in either Australia or New Zealand, or are Permanent Residents of Australia living and working in Australia.
Constraints
- Maximum limit — $1,500,000.00The maximum application amount available under this product is $1,500,000.
- Minimum limit — $50,000.00The minimum application amount that can be borrowed is $50,000.
- The loan term must be at least 15 years — P15Y
- The loan term cannot exceed 30 years. — P30Y
Published by MCCA under the Consumer Data Right · Last updated 1 July 2026 · Product ID amlak-select-construction