Find answers to some of the most common questions from our members
Your loan will be disbursed as the funds are required, so you will only pay interest on the portion of the construction loan you have drawn down.
No, you cannot redraw during the construction period. If you choose a variable rate loan you will have a redraw facility available at the end of your construction period.
You can choose from a range options including:
The construction period of your loan will be interest only. You have the option of selecting whether you will have a further interest only period at the end of your construction period, or if the loan reverts to principal and interest repayments.
The construction period for your loan is up to 12 months from the date of settlement.
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