Building loans: Need to know info

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Interest rate during construction period:

Interest Only

Comparison rate#:

Loan to Value Ratio (LVR)

Calculations are estimates provided as a guide only based on information you provided. This calculator is not intended to be your sole source of information when making a financial decision. You may wish to consider getting advice from a licensed finance professional.

# Comparison rates are calculated on a loan amount of $150,000 for a term of 25 years. For construction loans it is assumed that the interest only construction period is 1 year. Comparison rate for variable interest only loans are based on an initial 5 year interest only period.  Variable rates assume interest rates do not change throughout the loan.

WARNING: These comparison rates apply only to the example or examples given.  Different amounts and terms will result in different comparison rates. Fees and charges are payable.  Costs such as fees and cost savings such as fee waivers are not included in the comparison rates but may influence the cost of the loan.  If you are borrowing more than 80% of the value of the property, Lenders Mortgage Insurance may apply which could also result in an increase in the interest rate payable. Any of these additional amounts will increase repayments under the loan. Calculations are not a loan approval. Applications are subject to credit approval, satisfactory security and minimum deposit requirements. Conditions apply to all loan options. Full terms and conditions will be set out in our loan offer, if an offer is made.

*N/A = the loan to value ratio you have entered (percentage of the loan compared to the expected value of the completed security property) is not supported for this loan type.

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