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]