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- Construction Home Loan (LVR < 80%)
Construction Loan
- Owner Occupied
- Variable
- 20% min deposit
- Interest Only
Interest rate p.a.
7.19%
Comparison rate* p.a.
7.00%
Construction Loan
- Owner Occupied
- Variable
- 20% min deposit
- Interest Only
Interest rate p.a.
7.19%
Comparison rate* p.a.
7.00%
Calculate your repayments for this loan
$
Your estimated repayment
$2,996
based on 500000 loan amount for 25 years at 7.19%
Monthly Repayment
$2,996
Total interest
$1,078,500
Total payments
$1,078,500
Start date
05-2024
End date
05-2049
$1,078,500
025 years
Principal owed
Total repayments owed
Interest owed
Pros and Cons
For Construction Loan
Benefits
- No ongoing fees
Drawbacks
- No extra repayments
- No redraw and no offset
- Higher than average interest rate
- Higher than average upfront fee
- Discharge fee at end of loan
- No repayment holidays
loans.com.au Variable Rate Home Loan overview
For Construction Home Loan (LVR < 80%)
Details
Maximum LVR
80%
Total repayments
$1,078,500
Interest rate type
Variable
Borrowing range
$50k - $1.2m
Suitable for
Owner Occupiers
Loan term range
15 - 30 years
Repayment type
Interest only
Applicable states
ACT, NSW, NT, QLD, SA, TAS, VIC, WA
Repayment options
Monthly
Target Market Determination
Visit loans.com.au Pty Ltd to view Target Market Determination.
Features
Extra repayments
Not Allowed
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
$530
Application fee
$0
Legal fee
$0
Valuation fee
$230
Settlement fee
$300
Other upfront fee
$0
Ongoing fee
$0
Discharge fee
$300
