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Construction Loan Package

Variable Rate
6 .09% p.a.
Comparison Rate
6 .40% p.a.
Shortlist View ShortList
We help home buyers who are looking to build a new dwelling or buy one off the plan with a fully featured home loan package. For a low annual fee of $350 we offer a low ongoing loan interest rate, 10% off your general insurance premiums, unlimited customers rewards (transactions) and no monthly, exit or additional repayment fees. We also waive the annual fees on our Visa credit cards. This package will get you up and running.
Variable
$10,000 $9,999,999
$0
90%
$350.00
Yearly

Loan Details

Loan Type
Variable
Security Type
Availability
Owner Occupiers
Repayment Options
Principal & Interest
Repayment Frequency
Weekly, Fortnightly, Monthly
Interest Rate Notes
Min Loan Term
0
Max Loan Term
30
Min Loan Amount
$10,000.00
Max Loan Amount
$9,999,999.00
Max Loan to Value Ration (LVR)
80%
Max LVR with Mortgage Insurance
90%
Features
Extra Repayments
Loan is Transferable (Portable)
Transfer Fee
$0
Mortgage Offset Available
Mortgage Offset 100%
Mortgage Offset Rate
0%
Redraw Available
Min Redraw Amount
$0
Max Redraw Amount
$0
Redraw Fee
$0
Redraw Notice Period
Redraw Method
Redraw Notes & Comments
Split Account
Split Available
Max No. of Accounts for Split
0
Separate Statements for Split
Statement Frequency
Fixed Option
Fee for Fixing
$0
Fees
Application Fee
$0
Legal Fee
$0
Valuation Fee
$0
Settlement Fee
$0
Service Fee
$350.00
Exit Fee
$250.00
Early Termination Fee


Early Termination Fees (3 Year Cost)
$0
Early Termination Fees (5 Year Cost)
$0
Switching Fee
$0
Switching Fee Notes:
Break Costs


General Fee Notes:
Annual package fee of $350 is payable in advance and is non-refundable. The fee is debited to the loan balance on funding and then annually on the anniversary date of funding. Package benefits cease to apply once the loan is repaid in full.
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Apply securely at bankmecu’s website
Alternatively, download the application forms

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About bankmecu

bankmecu is a new kind of bank in Australia – a customer owned bank. This means we put our customers first because they also own the bank. We pride ourselves on personal service. We also return benefits to our customers in the form of better interest rates and lower fees. In 2010 our customers were collectively $31 million better off than they would have been if they banked with Australia’s big banks. We also offer our customers a more responsible approach to banking. More

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