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The title is fairly self-explanatory – we lend you money to purchase a vacant block of land which you may be looking to build on in the near future. Like a standard home loan, this interest rate can either be fixed or variable
Our vacant land loan benefits include:
- redraw facility (owner-occupied purpose only)
- no penalties for extra repayments
- your choice to make repayments weekly, fortnightly or monthly
- automatic repayments through direct debit
We may require a larger deposit if the land you are purchasing is over 2.2 heactares or is zoned Rural Residential.
If you’re interested in purchasing a block of land, please contact your local branch, or call us on 1300 765 195.
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Interest Rate
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Fixed or Variable
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Establishment Fee
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$250
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Monthly Loan Maintenance Fee
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$5
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Deposit Required
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10%
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| Maximum borrowing amount - LVR* |
90%
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Term of Loan
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30 years
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Repayments
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Weekly, fortnightly or monthly
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Redraw Facility^
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100% mortgage offset account
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