MyRate Construction Loan

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Headline interest rate
-

Max LVR
90.00%

Annual fee
-

Moneybuddy says

The MyRate Construction Loan allows interest only repayments while your house is being built. You then need to pay the principal and interest each month. There are no on-going fees and you don't pay any initial costs either. Pay back your loan whenever you can with the additional repayment option. This loan suits both owner occupiers and investors. Only pay a deferred establishment fee if you pay back the loan amount within five years.

The Basics

Interest type -

Headline interest rate -

Max LVR 90.00%

Annual fee -

The cool stuff: features

Draw down loan progressively Yes

Insurance details Yes - above 80%

Loan is Transferable Yes

Line of credit available No

Product suits -

The Facts & Figures

Introductory rate -

Introductory term -

Interest rate 1 year -

Interest rate 2 years -

Interest rate 3 years -

Interest rate 4 years -

Interest rate 5 years -

Interest rate 7 years -

Interest rate 10 years -

Interest rate 15 years -

Comparison rate 1 year -

Comparison rate 2 years -

Comparison rate 3 years -

Comparison rate 4 years -

Comparison rate 5 years -

Comparison rate 7 years -

Comparison rate 10 years -

Comparison rate 15 years -

Comparison rate -

Minimum loan term 10 years

Maximum loan term 30 years

Min loan amount $100,000

Max loan amount $1,000,000

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 $0

Valuation fee $0

Subsequent valuation fee -

Valuation fee details -

Discharge fee -

Discharge fee details -

Legal fee $0

Settlement fee $0

Redraw fee -

* Important note: All information provided by advertiser or taken from advertiser website and correct at time of publishing. If this information is incorrect, please contact us.