| If
you're building a new home or renovating, this loan
will help reduce interest payments during the first
year of construction.
We make up to 5 progressive payments
directly to your builder. As you are not drawing down
on the full amount of the loan immediately, interest
payments are minimised.
Our Construction Loan is ideal
if you are:
- buying land and want to build
your new home on it
- an investor looking for a residential project loan
Loan rate - Variable interest rate
Loan term - 2 years then reverts to a Mortgage Simplifier
(up to 30 years).
Loan repayment Principal and Interest plus monthly Interest
Only payments on drawn balance during construction period.
Paid by - Direct debit
Additional payments - Yes, but only after the construction
period.
Monthly fee - No monthly fees
Call a home loan specialist on (02) 9630 9866 to take
advantage of minimising interest repayments when you
are building.
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