Construction Loan

General Lending Rates

Product Features

• Other Additional Information: While they're building, you only pay interest on the progress claims made.

• Other Additional Information: Instead of lending you the whole amount upfront, we make a series of progress payments to your builder as they reach certain stages in the building process.

• Other Additional Information: Do major renovations to a property you already own.

• Other Additional Information: Build a new structure on land you already own.

Product Eligibility

• Other Additional Information: Exclusively available to medical, dental, veterinary and accounting professionals.

Bank Fees and Charges

• Credit Card Payment Fee (Event), Amount: 0.0000. Additional Information: Charged when loan payment via BOQS credit card.

• Consent To Lease Fee (Event), Amount: 395.0000. Additional Information: Charged when a consent to registration of lease and production of Certificate of Title is required.

• Valuation Fee (Variable), Amount: Not Listed.. Additional Information: Charged for external property valuation costs where a property valuation is required.

• Quantity Surveyors Fees (Variable), Amount: Not Listed.. Additional Information: Charged for external services provided by a Quantity Surveyor on construction facilities where these services are deemed by Us as required.

• Settlement Cancellation Fee (Event), Amount: 150.0000. Additional Information: Charged if a booked settlement does not proceed.

• Information Fee (Variable), Amount: Not Listed.. Additional Information: Charged each time you request us to provide information about your facility, including preparing figures and retrieving documents (for example subpoenas and family law proceedings). $80 per hour per staff required to attend.

• Bank Cheque Fee (Event), Amount: 25.0000. Additional Information: Charged if sending payment via Bank Cheque (per bank cheque).

• Variation Fee (including Increase, Extension, Substitution, Novation) (Variable), Amount: Not Listed.. Additional Information: $395 - $950. Charged for any variations made to the loan that need documentation.

• Construction Fee (Variable), Amount: Not Listed.. Additional Information: Charged on expiry date which is the day on which the final repayment is due under the repayment schedule. 1.10% of the total amount of the principal outstanding (where the total amount of escrow finance is equal to or less than $200k). 0.80% of the total amount of the principal outstanding (where the total amount of escrow finance is greater than $200k and equal to or less than $500k). 0.50% of the total amount of the principal outstanding (where the total amount of escrow finance is greater than $500k).

• Additional Valuation Fee (Variable), Amount: Not Listed.. Additional Information: Charged for additional valuation required by us.

• Legal Fee (including Settlement And Agent Fees) (Variable), Amount: Not Listed.. Additional Information: Charged when solicitors need to be involved with matters relating to the documentation and settlement of loans.

• Application Reassessment Fee (Event), Amount: 250.0000. Additional Information: Charged when an application is reassessed.

• Trust Deed Review (Event), Amount: 220.0000. Additional Information: Charged when a trust deed requires review.

• Government Stamp Duty (Variable), Amount: Not Listed.. Additional Information: Charged if a NSW deal and stamp duty applies.

• Special Attendance Fee (Variable), Amount: Not Listed.. Additional Information: Charged if you require any special attendance (for example, the production of the title for any reason, consent to a subsequent mortgage, variation or substitution of security). $450 plus any applicable External Costs.

• Documentation Or Establishment Fee (Variable), Amount: Not Listed.. Additional Information: Charged for set up of the Facility.

• Termination Fee (Variable), Amount: Not Listed.. Additional Information: Payable if an agreement is terminated before expiration of the term of that agreement.

• Substitution/assignment/novation Fee (Variable), Amount: Not Listed.. Additional Information: $450 plus any applicable External Costs.

• Monthly Account Keeping Fee (Periodic), Amount: 20.0000. Additional Information: Charged monthly in arrears (with the first payment due one month after the day the advance or the first part of it is drawn to or to the order of the Customer) for the provision and maintenance of the facility.

• Discharge Fee (Variable), Amount: Not Listed.. Additional Information: $150 (PPSR security), $250 (property). Charged each time a security is discharged (per security).

• Swift Fee (Event), Amount: 30.0000. Additional Information: Charged if sending payment via SWIFT.

• Arrears Management And Administration Fee (Variable), Amount: Not Listed.. Additional Information: Charged for the management of any contract in arrears. $140 per hour per staff required to attend.

• Payment Dishonour Fee (Variable), Amount: Not Listed.. Additional Information: Charged each time a cheque or payment made by you is dishonoured.