Our residential construction loan products are popular with PAYG or self-employed borrowers looking to construct a home to live in, or to use as an investment.
Current Rate^: 7.99%
Comparison Rate*: 8.32%
Security Type: Residential security
Loan Purpose: Construction (single residential dwelling)
Verification Required: Full or Lite Doc® methods
Personal or Business/Investment Purposes: Both
Minimum Loan Amount: $100,000
Maximum Loan Amount: $25,000,000 (70% LVR)
$5,000,000 (75% LVR)
$2,000,000 (80% LVR)
Maximum LVR: 80%
Lenders Mortgage Insurance required: No
Maximum Loan Term: 30 Years
Repayment Type: Principal & Interest
Maximum Interest Only Term: 5 Years reverting to P&I
Interest Rate Type: Variable
Redraw Available: Yes
Application Fee (excl. Val. & Legal Fees): 1.25% of the loan amount
Risk Fee: $0
Additional Repayments: Yes
Current Rate^: 7.99%
Comparison Rate*: 8.32%
Security Type: Residential security
Loan Purpose: Construction (single residential dwelling)
Verification Required: Full or Lite Doc® methods
Personal or Business/Investment Purposes: Both
Minimum Loan Amount: $100,000
Maximum Loan Amount: $25,000,000 (70% LVR)
$5,000,000 (75% LVR)
$2,000,000 (80% LVR)
Maximum LVR: 80%
Lenders Mortgage Insurance required: No
Maximum Loan Term: 30 Years
Repayment Type: Principal & Interest
Maximum Interest Only Term: 5 Years reverting to P&I
Interest Rate Type: Variable
Redraw Available: Yes
Application Fee (excl. Val. & Legal Fees): 1.25% of the loan amount
Risk Fee: $0
Additional Repayments: Yes
CONSUMER ADVISORY NOTE
Maximum loan amounts and LVRs may vary based on security offered.
* The comparison rate is based on secured credit of $150,000 and a term of 25 years. WARNING Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees and cost savings such as fee waivers are not included in the comparison rate but may influence the cost of the loan. Terms, conditions, fees, charges and La Trobe Financial lending criteria apply.
^ Depends on the loan amount and risk grade of borrower
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