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✓ are at least 18 years of age,
✓ are a citizen or permanent resident of Australia,
✓ are currently in paid employment,
✓ have not been bankrupt.
As your application progresses, you'll be kept up to date with email notifications and calls from your dedicated home loan specialist.
We're an award-winning customer-owned bank, putting people and community before profit.
Excellent customer service and very easy to talk to and ask questions. Smooth process transferring mortgage over and fixing rate. Excellent response time - very quick and easy to get a hold of an actual person. Highly recommend.
Bec, NSW
from ProductReview.com.au
Read our most frequently asked questions below or view all our Home Loan FAQs.
The loan funds will be released progressively in line with your building contract and its payment schedule. These payments are known as “progress payments.” All progress payments will be paid directly to your builder upon your approval.
If you’re contributing funds to the construction, these funds will also need to paid in line with your building contract and its payment schedule.
You’ll need to provide us with the following documents:
It’s important you supply these as soon as possible to ensure processing your first progress payment isn’t delayed.
Before we can make a payment to your builder, you’ll need to provide us with:
When the invoice is received, we’ll:
We’re required to have your property inspected, so please be aware it could take up to 5 business days to process the payment. Cost of the inspection will need to be paid by you at the time an inspection is ordered.
Once construction is complete, you’ll need to provide us with:
If all items are satisfactory, your final payment will be processed and we’ll let you know what your repayments will be.
All documents can be:
T&Cs, fees, charges and lending criteria apply. Apps from 22 December 2022 for loan amounts over $150,000, owner-occupied, interest only, deposits 20% or more.
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3 Up to the date the final progress payment is made or 12 months from the date we first advance money to you, whichever is earliest.
4 An establishment fee of $600 applies to this loan.
Normal lending criteria, terms and conditions and fees and charges apply. Mortgage insurance is required for home loans over 80% and is subject to approval. Interest only subject to approval. During an interest only period, your interest only payments will not reduce your loan balance. This may mean you pay more interest over the life of the loan.
You should read and consider the relevant terms and conditions (available on request) and our Financial Services Guide before deciding whether to obtain any of our financial products or services.
