Vacant land loan
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 hectares 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.
| Interest Rate | Fixed or Variable |
| Establishment Fee | $250 |
| Monthly Loan Maintenance Fee | $5 |
| Document Fees | $250 |
| Deposit Required | 10% |
| Maximum borrowing amount - LVR* | 90% |
| Term of Loan | 30 years |
| Repayments | Weekly, fortnightly or monthly |
| Redraw Facility^ |  |
| 100% mortgage offset account |  |
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