At InfoChoice, you’ll find it so much easier to choose a construction loan, quickly and easily, based on your own clear financial strategy. That’s because InfoChoice offers you a relevant and accurate comparison of the available construction loan options. You won’t need to spend valuable time on prior research - just sit back and compare suitable construction loan providers at a glance.
A number of features will define your ideal construction loan - depending largely on the scope of your plans. For a longer project, you might want the security of a fixed rate, or depending on the state of the economy, you might opt for the flexibility of a variable rate. If you choose a fixed rate for your construction loan, how long would you like to fix it for? You’ll also consider the matter of redraw facilities, extra repayments, ongoing fees, and of course, insurance. In today’s market, there are so many construction loan providers it’s hard to know where to begin.
Are you planning to build your dream home or perhaps just add onto an existing property? If construction is on your home, you’ll require an owner-occupied construction loan. Alternatively, you might want an investment property loan. Will you satisfy the requirements of a fully documented construction loan, or are you after the convenience of a ‘low doc’ loan?
Comparing construction loans may be simple enough, but the prior research required can be exhausting, which is why so many people give up. Many will even select their construction loan based on the most emotive advertising campaign, and then wonder where their financial strategy went wrong!
Drafting your construction loan shortlist can be so much more efficient and accurate using our unique ‘Loan Selector’ tool. Simply enter your required criteria, including the type of loan, amount, repayment period, and interest rate you require, as well as your State. Infochoice will instantly create an easy-to-digest shortlist of construction loan options. When you’re ready, you can use our loan calculator to review repayment scenarios before you settle on your ideal construction loan.
When it comes to your finances, it pays to make the right choice. Choose your next construction loan on your terms – not the banks’.