Loans.com.au Dream Construction Loan
What happens when I click Enquire Now?
- Clicking Enquire Now will take you to the lender's website
- After completing the contact form, a mortgage expert will contact you
- The mortgage expert will ensure you find the right loan, calculate your repayments, and explains all the associated fees
- After going through the enquiry process you will be able to know how much you can borrow, begin your application when you are ready to apply and be approved for a home loan
Building Your Dream Home Can Be Made Easier
Loans.com.au Dream Construction Loan is extremely user friendly as Loans.com.au has a dedicated construction loan department. They will deal with any queries that you or the builder may have regarding payments, and will ensure builder claims are paid promptly. You only pay the interest when you require the money and not upfront, thus saving you money. Once your home is complete, you can pay interest only for up to 10 years or immediately start paying the principle and interest.
Key Features of the Loans.com.au Dream Construction Loan
The features of the loans.com.au Dream Construction Loan are highly flexible, competitive, and of great value. Key features include:
- Minimum loan amount of $50,000
- Maximum loan of:
- $750,000 with a single collateral
- $2 000 000 with multiple collateral
- 30 year Maximum loan term
- Loan portability available
- 90% Loan to value ratio (LVR)
- 100% limitless redraw facility
- Available Visa Debit Card
- $0 application fee
- $0 annual loan fee
- No charges for online transactions
- No charges for:
- B-Pay
- Direct debits
- Direct credit transactions
- 0.10% loyalty discount after 5 years
- Free 24/7 unrestricted:
- telephone account access
- Internet banking
Flexibility Features of the loans.com.au Dream Loan
This home loan offers some superior flexibility which allows home owners better financial management control. This includes:
Loan Splits
Up to 5 loan splits are allowed for amounts of $10,000 and more. $100 per split application or post settlement thereafter applies. Other flexibility features include:
Other
- Repayments can be made through direct debit order or direct salary deposit with frequency periods ranging from:
- Monthly
- Fortnightly
- Weekly
- Online loan administration including:
- Bill payments
- Redraws
- Loan transactions and statements
- Withdrawal options after construction has been completed via:
- ATMs
- EFTPOS
- BPAY
Fees and Rates of the loans.com.au Dream Construction Loan
It is good practice to understand the possible loan fees and interest rates charged over and above the initial estimated cost of building a new home. A home loan of $150 000, for example, could include the following rates and fees:
- A low interest rate
- Interest rate options:
- Interest only for 5 to 10 years
- Principle and interest
- No charges for:
- Telephone redraws
- Online redraws
- Direct credit transactions
- Direct debit transactions
- B-Pay
- Direct debits
- Direct credit transactions
- Initial 5 ATM transactions each month at Cue Card or Westpac outlets each month
- $50 dishonour charges
- $77 Settlement charges plus $120 admin charges
- $150 default charges
- $637 Loan discharging charges
There may be other applicable charges to this loan type which is subject to personal requirements.
How to Apply for Your loans.com.au Dream Construction Loan
The simplest method is to visit the website directly via the apply now and more info links.
The website also features a useful pre-qualification tool which allows interested individuals to determine their possible approval status before making an official application.
The loans.com.au Dream Construction Loan offers an extremely competitive product with great interest rates and low fees.
Read the official terms and conditions
Top Home Loans
| Home Loan | Details | Interest Rate (p.a.) | Comp Rate^ (p.a.) | App Fee / Ongoing Fee | Max LVR | Min & Max Borrowing | |
|---|---|---|---|---|---|---|---|
 Loans.com.au - Dream Catcher | A home loan offer with a $0 application fee and one of the lowest available home loan interest rates. | 5.85% | 6.21% | $0 / $375 | 80% | $50,000 / $750,000 |
 
|
 Bankwest Online Home Loan | A low interest rate home loan with a $0 application fee and ongoing maintenance fees. This offer is exclusively available by applying online. | 5.97% | 5.97% | $0 / $0 | 80% | $100,000 / $1,000,000 |
|
 Illawarra Home Loans Bank Beater Home Loan | A low variable rate, beaten down even further by 0.05% p.a. after 5 years. | 6.07% | 6.35% | $0 / $345 | 90% | $250,000 / $1,000,000 |
|
 State Custodians Mortgage Company Standard Variable Offset Loan | Awarded Mortgage of the Year 2012 – this multi-award winner features 100% offset and a loyalty 0.25% rate drop after 5 years. | 6.02% | 6.23% | $0 / $345 | 95% | $150,000 / $1,000,000 |
|
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