MyRate Construction
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Moneybuddy says
A low rate home loan from MyRate specifically intended for land purchase, building or major renovation. The competitive rate (with no fees) can help you stick to budget during construction.
The Basics
Interest type Variable rate
Headline interest rate p.a. -
Max LVR -
Annual fee -
The cool stuff: features
Draw down loan progressively -
Insurance details -
Loan is Transferable Yes
Line of credit available Yes
Product suits Owner - Occupier
The Facts & Figures
Introductory rate p.a. -
Introductory term -
Interest rate (p.a.) 1 year -
Interest rate (p.a.) 2 years -
Interest rate (p.a.) 3 years -
Interest rate (p.a.) 4 years -
Interest rate (p.a.) 5 years -
Interest rate (p.a.) 7 years -
Interest rate (p.a.) 10 years -
Interest rate (p.a.) 15 years -
Comparison rate (p.a.) 1 year -
Comparison rate (p.a.) 2 years -
Comparison rate (p.a.) 3 years -
Comparison rate (p.a.) 4 years -
Comparison rate (p.a.) 5 years -
Comparison rate (p.a.) 7 years -
Comparison rate (p.a.) 10 years -
Comparison rate (p.a.) 15 years -
Comparison rate p.a. -
Minimum loan term -
Maximum loan term -
Min loan amount -
Max loan amount -
Early repayments Yes
Redraw facility Yes
Repayment holiday No
Ability to split loan Yes
Extra repayments Yes
Offset account available No
Interest only payments Yes
The ugly stuff: fees
Application fee -
Valuation fee -
Subsequent valuation fee -
Valuation fee details -
Discharge fee -
Discharge fee details -
Legal fee -
Settlement fee -
Redraw fee -
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MyRate says
Finance the purchase of land, building of a new home or major renovation with one of the lowest interest rates in Australia.This loan will help reduce interest payments during the first year of construction
Key features
- Low rate
- No upfront fees
- No ongoing fees
- Securely funded by ING
- * Day Approval Guarantee
Pros
- Low rate
- No fees
- * day approval guarantee
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