Our Home Loan and Mortgage Products
QUICKDIRECT BASIC VARIABLE (CONSTRUCTION) LOAN
So the guy in the back room with the thick glasses and bald head said "if I was building a house I don’t need any hassle with my home loan?" So that’s what we did, a no hassle, simple to understand construction loan. No annual fees and once construction is complete, choose which of our standard loans you want to move to. We look forward to the invite to the house warming!
Features include:
| Loan amounts |
Minimum Loan of $50,000. Maximum loan of $1,000,000. |
| Interest rate type |
Variable rate only during construction period. |
| Term |
25 or 30 years. |
| Repayment type |
Interest only during the construction period, and then reverts to a Variable Rate. |
| Combination and splits |
Not available during construction period. |
| Repayment options |
Direct Debit or salary credit either monthly or fortnightly. |
| Additional repayments |
Not available during construction period. |
| Redraw facility |
Not available during construction period. |
| Withdrawals |
Not available during construction period. |
| Salary crediting |
Available. |
| Ability to switch |
Not available during construction period. |
| Statement issued |
Biannually. |
| Other Fees |
$110 per progress payment inspection fee. |
| Substitution |
Not available during construction period. |