Construction Loans

  • Construction up to 90% inclusive of Lenders Mortgage Insurance available construction loans
  • Construction loan is a stand alone product (no split option)
  • Interest only for 12 months (maximum construction period 12 months)
  • Loan reverts to Variable Rate Home Loan once construction has been completed
  • Additional repayments allowed during construction period however redraw not available during this period
  • Offset account available once construction has completed and final draw paid
  • 5% deposit paid at settlement without the need for council approved plans and specifications

Product can be used for the following purposes:
- Owner Occupied Construction
- Investment Construction

Latest Updates from Empire