Overseas Construction

From 3.88%
*Promotion Rate
SCENARIO INQUIRY

About Overseas Construction

  • Max LVR: 70%
  • Max Loan Amount: $900,000
  • Promotion Rate: 3.88% during construction
  • Offset Account Available
  • One Title 2 Dwellings
  • Accepts applicants from a variety of countries
Application Form
VOI FORM
COVID FORM
VALUATION FORM
EMPLOYMENT FORM
- PAYG
EMPLOYMENT FORM
- SELF EMPLOYED
OFFSHORE COMMITMENT
& EXPENSE DECLARATION
EASY REFINANCE
DECLARATION

Loan Purpose and Rate

PAYG
3.88% PI (LVR ≤ 65%)
  • Interest rate from 3.88% P.A.
  • Comparison rate from 4.91% P.A.
Self - Employed
4.18% PI (LVR ≤ 65%)
  • Interest rate from 4.18% P.A.
  • Comparison rate from 5.12% P.A.

Product Summary

Security typeResidential
Loan Amount$200,000 to $900,000
Maximum LVR70%
Loan TermUp to 30 years
Borrower TypeNon-Residents of Australian, PAYG or Self-employed
Loan PurposeHouse and land construction loans with progress payment
Repayment MethodMonthly repayments by direct debit
Offset Facility100% Offset Facility included for variable rate loans (Available during construction)
Interest structureVariable rate & 1 – 3 year fixed rate & Interest Only (Up to 5 years)
PAYG (LVR ≤ 65%)3.88% P.A. (PI)
Self Employed (LVR ≤ 65%)4.18% P.A. (PI)
Application fee$660
Risk Fee1% of loan amount

Document Checklist

Income Documents (PAYG)
  • 3 months bank statement (Within 45 days of assessment)
  • LoanOne template Employment Income Verification Form (Signed by employer)
Income Documents (Self-Employed)
  • 6 months personal bank statements (Within 45 days of assessment) AND
  • 2 years business financial statement OR
  • LoanOne Self-employed income verification form

Loan Calculator

Refer to credit team for calculator and servicing requirements

* 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.