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My Rate Construction Loans

This could be the perfect loan for you if you are:

Customers of the MyRate Construction Loan enjoy one of the lowest variable interest rates in Australia plus a great range of features. Customers can borrow up to 90% of the land value and up to 90% of completion value (land plus building costs) with no progress inspections for payments. Best of all, the MyRate Construction Loan is suitable for many borrowers including both owner occupied and investors.

The MyRate Construction Loan provides for interest only repayments during the construction phase before reverting to principal and interest at the same low variable rate. Customers also benefit from unlimited additional repayments methods and best of all no establishment, settlement, legal or initial valuation fees on standard loans, and no on-going fees at all.* There is one simple final valuation fee of $295.

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