Alt Doc Builder
About Alt Doc Builder
Loan Purpose and Rate
During Construction - Interest Only
OO: 5.88% IO (LVR ≤ 70%)
After Construction - PI or IO
Starts from 2.89% and depends on loan purpose and repayment methods.
|Loan Amount||$200,000 to $1,500,000 ($1,000,000 for investment)|
|Loan Term||Up to 30 years|
|Borrower Type||Individual, Company or Trust|
|Loan Purpose||House and land construction loans with progress payments|
|Repayment Method||Direct debit from nominated bank account/ BPAY|
|Offset Facility||100% Offset Facility included for variable rate loans post construction|
|Interest structure||During Construction: Interest Only
After Construction: Principal and Interest or Interest Only (Up to 5 years)
|During Construction (LVR ≤ 70%)||5.88% P.A. (IO)|
|After Construction||Starts from 2.89% and depends on loan purpose and repayment methods|
|Risk Fee||See product guide for details|
Income Documents (Self-Employed)
* The comparison rate is based on a secured loan of $150,000 and a term of 25 years.
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.