Non-Conforming Construction Loan - Near Prime Full Doc
Our construction home loan options provide interest only repayments during the construction period (max 18 months) with access to our online loan portal and the freedom to make additional repayments. 100% interest offset sub-account, redraw and VISA debit card+ access (monthly fees apply) are available after the construction period has been completed.
- From (investment)
- 8.64%
- 8.95% comparison
Interest Rates
Owner occupied — Interest only
| Type | Rate | Comparison | Applies To |
|---|---|---|---|
| Variable | 8.64% | 8.95% | Up to 55 |
| Variable | 8.84% | 9.15% | >55 - 65 |
| Variable | 8.84% | 9.15% | >65 - 70 |
| Variable | 8.84% | 9.15% | >70 - 75 |
| Variable | 9.04% | 9.35% | >75 - 80 |
| Variable | 9.99% | 10.3% | >80 - 85 |
| Variable | 10.29% |
Fees
| Fee | Type | Amount |
|---|---|---|
| Near Prime Establishment Fee Charged once at loan establishment for near prime residential construction mortgage applications. | Upfront | $1,200.00 |
| Near Prime Admin Fee Charged monthly · Charged monthly per account split for ongoing administration of the loan. | Ongoing | $15.00 |
| Legal Fee Covers standard legal costs incurred at loan establishment. | Upfront | $330.00 |
| Legal Disbursements Third-party legal costs such as searches and registrations, charged at cost. | Upfront | Variable |
| Discharge Fee Charged per plan when the loan is fully discharged. | Exit | $500.00 |
| Valuation Fee | Upfront | Variable |
| Risk Fee Risk Fee may be payable depending on loan amount and LVR. | Upfront |
Features
- Offset account
- 100% Interest Offset sub-account. Manage loan interest charged with an Offset sub-account. Available after construction period (max 18 months) is completed.
- Redraw facility
- Redraw Facility (minimum redraw amounts apply). Make additional repayments and redraw at any time. Available after construction period (max 18 months) is completed.
- Card access — Visa Debit Card (including payWave). Access additional advances with a Visa Debit Card. Available after construction period (max 18 months) is completed.
- Extra repayments
- Additional repayments. Make extra repayments at any time, subject to terms and conditions.
- Flexible Loan Terms. 10-30 year loan terms are available.
- Digital banking
- Provides borrowers online access to view and manage loan accounts.
Eligibility
- Minimum age — 18 yearsIndividual borrower must be 18 years + to enter into a contract.
- Residency status — Only available to Australian Citizens or Permanent Residents.
- All applications are subject to credit assessment and eligibility criteria.
Constraints
- Minimum limit — $50,000.00
More Information
Published by Pepper Money under the Consumer Data Right · Last updated 10 July 2026 · Product ID PEP04031