To purchase or refinance residential land, then plan the construction of a residence by a licensed builder. For both owner-occupiers and investors. No ongoing fees. Please see our separate Construction Loan Fact Sheet when planning your construction.

Please click here for personal assistance: info@nationwidemortgage.com.au

How much can I borrow?

• 90% LVR, up to $600,000
• Minimum loan amount $50,000

Interest Rate

• From 7.25% p.a. with a comparison rate of 7.28% p.a. (depending on the Funder)
• Variable, with an option to fix or combine

Repayment Options

• Principal & Interest
• Interest Only (for 1-5 years or 10 years)
• Direct debit or Direct salary crediting
• Your choice of weekly, fortnightly or monthly repayment options

Term of Loan

• Up to 30 years
• Construction is to commence within the first 12 months of the loan

Ongoing Fees and Charges

• Nationwide charges no hidden or ongoing fees
• No monthly, annual or any ongoing account keeping fees
• 6 free transactions per month excluding redraws
• Free redraws on-line
• Free loan splitting to fix interest rate on part of your loan
• Free lump sum repayments whenever you like, except where the loan is fixed
• Free internet and phone banking access

Fees and Charges to Set Up the Loan

• $240 for Valuation, subject to property and location
• $490 for Solicitor's legal fee plus disbursements

What are the redraw conditions?

• Redraw accessible through your choice of Internet, Phone, Direct Debit by Fax or Written request
• Minimum redraw $100

Early Repayment Fees

• Fee applies if the loan is paid in full within the first 5 years

Please click here for personal assistance: info@nationwidemortgage.com.au