Minimum loan size is $20,000.
Minimum deposit is 20% (80% Loan to Value Ratio or lower).
Key benefits
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Available loan size $20,000 plus
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Unlimited extra repayments
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Interest only repayment option
Rates
Check out the latest rates for Business Variable Construction Loan.
Variable Rate
helpSecured by Residential Property up to $1,000,000
Variable Rate
% p.a.
Secured by Commercial Property up to $1,000,000
Variable Rate
% p.a.
Product overview
If you're planning a building or construction project for your new or expanding business, with our Business Variable Construction Loan you can enjoy the benefits of interest only repayments and withdraw your funds gradually over a period of 12 months while you build. By only paying the interest due each month during this period, you can reduce your loan repayments and reduce the drain on your cash flow. Link your business loan with a business account and have all your business banking in one convenient location.
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12 months interest only during the construction period
With the option of re-contracting an additional 48 months subject to our agreement.
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Freedom to make unlimited extra repayments with no pre-payment fees
Reduce your loan term and save money.
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Flexible repayment options after construction is complete
Pay weekly, fortnightly or monthly.
Fees
Application fee
$600 for loans up to $80,000
0.75% of loan, for loans greater than $80,000
Monthly administration fee: $0. Refer to our Fees & Charges document.
Annual fee: $0
Third party charges: e.g. stamp duty.
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Compare business loans
If you aren’t sure which loan will be best for your needs, our comparison tool is a great place to start.
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