Land Loan
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.
Interest Rate
- Please contact us for the best rates and product details: (02) 9265 1700
- Variable, with an option to fix or combine
Lending Range and LRV
- 90% LVR, up to $600,000
- Minimum loan amount $50,000
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
- 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
Please click here for personal assistance: [email protected]