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Variable Rate Home Loans - MyRate - Construction Loan

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Change your loan amount or term to select a different loan amount and loan term.  Currently: $150,000 over 30 years
Home Loan Lender
MyRate Home Loan
Home Loan Product Name Construction Loan
Interest Rate 8.73%
Comparison Rate
Estimated
8.73%
Amount $150,000
Term 30 years
Monthly Payment
Estimated
$1,177.91
Total Paid
Estimated
$424,080
Establishment Fee $0.00
Enquire/Apply Enquire   Apply  Free Quote
Target Market Investors or Owner Occupiers
Acceptable Income PAYG / Self-employed / Company / Trust
Loan Term 10 to 30 years
Loan Size $100k to $1mil
Repayment Type Principle & Interest only
Repayment Options direct debit
Extra Repayments Not available during the construction period. Redraws are free and unlimited once the loan has reverted.
Split Loan Facility Not available during the construction period
Offset No - But free additional repayments and redraws can be used to reduce the interest calculated on your loan.
Redraw Facility Not available during the construction period. Redraws are free and unlimited once the loan has reverted.
LVR
Fees No fees on standard applications, no redraw fees, Deferred Admin. Fees Year 1: 1.00% of original loan amount - Year 2: 0.80% - Year 3: 0.60% - Year 4: 0.40% - Year 5: 0.20% - 6+ years 0.00%
Enquire/Apply Enquire   Apply  Free Quote

Other Variable Rate Home Loans
Variable Rate Home Loans - Home Loan Centre Australia - Standard Variable (Right H/L)
Variable Rate Home Loans - RAMS - Easy Start
Variable Rate Home Loans - Adelaide Bank - Mortgage Tamer>$250K
Variable Rate Home Loans - GE Money - Standard Flexible Options>$650K<$750K
Variable Rate Home Loans - Heritage - Investment Standard Variable
Other MyRate Home Loan Products
Fixed Rate Home Loans - MyRate - 2 Year Fixed Rate Loan
Fixed Rate Home Loans - MyRate - 5 Year Fixed Rate Loan
Line of Credit Home Loans - MyRate - All In One Loan
Fixed Rate Home Loans - MyRate - 3 Year Fixed Rate Loan
Fixed Rate Home Loans - MyRate - 4 Year Fixed Rate Loan
View all MyRate home loan products


This Comparison Rate applies only to $150,000 with a loan term of 30 years. The loan amount and term will affect the comparison rate calculation. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparsion rate calculation but may influence the cost of the loan.

This rate is to be used as a guide only and we recommend that you confirm it with the lender before acting upon it.

The information provided in this website is a guide only and may not be complete for your purposes. ratesonline.com.au is not licensed to provide investment advice and recommends that you consult an independent financial adviser.


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