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- Home Loans
- Pacific Mortgage Group
- Construction Home Loan
Construction Home Loan
- Owner Occupied
- Variable
- 20% min deposit
- P&I
Interest rate p.a.
6.14%
Comparison rate* p.a.
6.14%
Construction Home Loan
- Owner Occupied
- Variable
- 20% min deposit
- P&I
Interest rate p.a.
6.14%
Comparison rate* p.a.
6.14%
Calculate your repayments for this loan
$
Your estimated repayment
$3,043
based on 500000 loan amount for 25 years at 6.14%
Monthly Repayment
$3,043
Total interest
$595,446
Total payments
$1,095,446
Start date
05-2024
End date
05-2049
$1,095,446
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 upfront or ongoing fees
- Extra repayments and redraw facility
- Free redraw facility
- Split account option
Drawbacks
- No offset account
- Not available for first home buyers
Pacific Mortgage Group Variable Rate Home Loan overview
For Construction Home Loan
Details
Maximum LVR
80%
Total repayments
$1,095,446
Interest rate type
Variable
Borrowing range
$50k - $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 Pacific Mortgage Group 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
Annual fee of $120 is charged on settlement, PMG then rebate this fee ongoing on an annual basis
Fees
Total estimated upfront fees
$0
Application fee
$0
Legal fee
$0
Valuation fee
$0
Settlement fee
$0
Other upfront fee
$0
Ongoing fee
$0
Discharge fee
$0
