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- Home Loans
- Freedom Lend
- Construction Home Loan (LVR <60%)
Construction Loan
- Owner Occupied
- Variable
- 40% min deposit
- P&I
Interest rate p.a.
6.45%
Comparison rate* p.a.
6.20%
Construction Loan
- Owner Occupied
- Variable
- 40% min deposit
- P&I
Interest rate p.a.
6.45%
Comparison rate* p.a.
6.20%
Calculate your repayments for this loan
$
Your estimated repayment
$3,144
based on 500000 loan amount for 25 years at 6.45%
Monthly Repayment
$3,144
Total interest
$631,810
Total payments
$1,131,810
Start date
05-2024
End date
05-2049
$1,131,810
025 years
Principal owed
Total repayments owed
Interest owed
Pros and Cons
For Construction Loan
Benefits
- Interest rates ranked in the best 20%
- No ongoing fees
- 100% full offset account
- Extra repayments and redraw facility
- Free redraw facility
- Split account option
Drawbacks
- Higher than average upfront fee
- Discharge fee at end of loan
- Maximum loan amount is limited to 60% of the property's value
- No repayment holidays
Freedom Lend Variable Rate Home Loan overview
For Construction Home Loan (LVR <60%)
Details
Maximum LVR
60%
Total repayments
$1,131,810
Interest rate type
Variable
Borrowing range
$150k - $5m
Suitable for
Owner Occupiers
Loan term range
1 - 30 years
Repayment type
Principal and Interest
Applicable states
ACT, NSW, NT, QLD, SA, TAS, VIC, WA
Repayment options
Fortnightly, Monthly, Weekly
Target Market Determination
Visit FreedomLend Pty Ltd to view Target Market Determination.
Features
Extra repayments
Unlimited
Redraw facility
Redraw fee: $0
Offset account
Split interest facility
Loan portability
Repayment holiday available
Allow guarantors
Available for first home buyers
Other benefits
Fees
Total estimated upfront fees
$1.5k
Application fee
$750
Legal fee
$0
Valuation fee
$770
Settlement fee
$0
Other upfront fee
$0
Ongoing fee
$0
Discharge fee
$795
