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- Family First Credit Union
- Construction Home Loan
Construction Home Loan
- Owner Occupied
- Variable
- 5% min deposit
- Interest Only
Interest rate p.a.
6.20%
Comparison rate* p.a.
6.27%
Construction Home Loan
- Owner Occupied
- Variable
- 5% min deposit
- Interest Only
Interest rate p.a.
6.20%
Comparison rate* p.a.
6.27%
Calculate your repayments for this loan
$
Your estimated repayment
$2,583
based on 500000 loan amount for 25 years at 6.2%
Monthly Repayment
$2,583
Total interest
$930,000
Total payments
$930,000
Start date
04-2024
End date
04-2049
$930,000
025 years
Principal owed
Total repayments owed
Interest owed
Pros and Cons
For Construction Home Loan
Benefits
- Interest rates ranked in the best 20%
- No ongoing fees
- Suitable for low deposits
Drawbacks
- No redraw and no offset
- Not available for first home buyers
- Higher than average upfront fee
- Discharge fee at end of loan
- No repayment holidays
Family First Credit Union Variable Rate Home Loan overview
For Construction Home Loan
Details
Maximum LVR
95%
Total repayments
$930,000
Interest rate type
Variable
Borrowing range
$20k - $100m
Suitable for
Owner Occupiers
Loan term range
1 - 30 years
Repayment type
Interest only
Applicable states
ACT, NSW, NT, QLD, SA, TAS, VIC, WA
Repayment options
Fortnightly, Monthly, Weekly
Target Market Determination
Visit Family First Credit Union to view Target Market Determination.
Features
Extra repayments
Unlimited
Redraw facility
Offset account
Split interest facility
Loan portability
Repayment holiday available
Allow guarantors
Available for first home buyers
Other benefits
Fees
Total estimated upfront fees
$200
Application fee
$200
Legal fee
$0
Valuation fee
$0
Settlement fee
$0
Other upfront fee
$0
Ongoing fee
$0
Discharge fee
$250
Other Restrictions
Progress inspection valuation fee: at cost
