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Compare Construction Loans

Compare today's lowest construction loan rates & repayments from 30+ banks and specialty lenders

There's a big difference between financing for a build and financing to buy an established home. The following loans are specifically designed to accommodate the needs of construction.

Fixed Rates Variable Rates Low Deposit Loans Offset + Redraw Loans Compare Big4 Banks ANZ Commonwealth Bank Westpac National Australia Bank Suncorp St.George Heritage Bank ING Macquarie Bank Citibank Bankwest Adelaide Bank ME Bank AMP Homeloans Bank SA Bank of Melbourne

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Lender
Loan Details
Interest
Comparison
Repayments

  1. Homeloans Ultra Plus

    • Offset Account
    • Redraw Available
    • Borrow up to 80%
    • 3.67%
      p.a. variable
    • 3.68%
      p.a. Comparison
    • $1,784
      per month*

  2. Homeloans Ultra Plus

    • Offset Account
    • Redraw Available
    • Borrow up to 80%
    • 3.67%
      p.a. variable
    • 3.68%
      p.a. Comparison
    • $1,784
      per month*

  3. Back to Basics Variable Special Offer

    • Offset Account
    • Redraw Available
    • Borrow up to 90%
    • 3.68%
      p.a. variable
    • 3.68%
      p.a. Comparison
    • $1,786
      per month*

  4. Back to Basics Variable Special Offer

    • Offset Account
    • Redraw Available
    • Borrow up to 90%
    • 3.68%
      p.a. variable
    • 3.68%
      p.a. Comparison
    • $1,786
      per month*

  5. Variable Rate Loan SPECIAL

    • Offset Account
    • Redraw Available
    • Borrow up to 80%
    • 3.69%
      p.a. variable
    • 3.70%
      p.a. Comparison
    • $1,788
      per month*

  6. Enhance Std Variable 80%

    • Offset Account
    • Redraw Available
    • Borrow up to 80%
    • 3.69%
      p.a. variable
    • 3.71%
      p.a. Comparison
    • $1,788
      per month*

  7. Enhance Std Variable 80%

    • Offset Account
    • Redraw Available
    • Borrow up to 80%
    • 3.69%
      p.a. variable
    • 3.71%
      p.a. Comparison
    • $1,788
      per month*

  8. Enhance Discounted Special 80%

    • Offset Account
    • Redraw Available
    • Borrow up to 80%
    • 3.69%
      p.a. variable
    • 3.71%
      p.a. Comparison
    • $1,788
      per month*

  9. 2 Year Fixed Rate

    • Offset Account
    • Redraw Available
    • Borrow up to 95%
    • 3.65%
      p.a. fixed
    • 4.99%
      p.a. Comparison
    • $1,788
      per month*

  10. Advance Discounted Special 80%

    • Offset Account
    • Redraw Available
    • Borrow up to 80%
    • 3.64%
      p.a. variable
    • 3.71%
      p.a. Comparison
    • $1,789
      per month*

  11. Variable Home Loan F180 80%

    • Offset Account
    • Redraw Available
    • Borrow up to 80%
    • 3.67%
      p.a. variable
    • 3.75%
      p.a. Comparison
    • $1,794
      per month*

  12. Discount Variable Rate 80%

    • Offset Account
    • Redraw Available
    • Borrow up to 80%
    • 3.74%
      p.a. variable
    • 3.76%
      p.a. Comparison
    • $1,798
      per month*

  13. Fixed Options Home Loan 3 Yrs Promo

    • Offset Account
    • Redraw Available
    • Borrow up to 95%
    • 3.79%
      p.a. fixed
    • 4.90%
      p.a. Comparison
    • $1,807
      per month*

  14. Home Advantage 2 Years Fixed

    • Offset Account
    • Redraw Available
    • Borrow up to 95%
    • 3.65%
      p.a. fixed
    • 4.21%
      p.a. Comparison
    • $1,810
      per month*

  15. Discount Variable Rate 80%90%

    • Offset Account
    • Redraw Available
    • Borrow up to 90%
    • 3.84%
      p.a. variable
    • 3.86%
      p.a. Comparison
    • $1,817
      per month*

  16. Complete Variable Home Loan Acquisition Special

    • Offset Account
    • Redraw Available
    • Borrow up to 90%
    • 3.70%
      p.a. variable
    • 3.87%
      p.a. Comparison
    • $1,823
      per month*

  17. Variable Rate Loan

    • Offset Account
    • Redraw Available
    • Borrow up to 80%
    • 3.89%
      p.a. variable
    • 3.90%
      p.a. Comparison
    • $1,826
      per month*

  18. Variable Rate Loan

    • Offset Account
    • Redraw Available
    • Borrow up to 80%
    • 3.89%
      p.a. variable
    • 3.90%
      p.a. Comparison
    • $1,826
      per month*

  19. Enhance Std Variable 80%

    • Offset Account
    • Redraw Available
    • Borrow up to 80%
    • 3.89%
      p.a. variable
    • 3.91%
      p.a. Comparison
    • $1,826
      per month*

  20. Enhance Std Variable 80%

    • Offset Account
    • Redraw Available
    • Borrow up to 80%
    • 3.89%
      p.a. variable
    • 3.91%
      p.a. Comparison
    • $1,826
      per month*

  21. Enhance Discounted Special 80%

    • Offset Account
    • Redraw Available
    • Borrow up to 80%
    • 3.89%
      p.a. variable
    • 3.91%
      p.a. Comparison
    • $1,826
      per month*

  22. Basic Flyer Home Loan

    • Offset Account
    • Redraw Available
    • Borrow up to 80%
    • 3.90%
      p.a. variable
    • 3.91%
      p.a. Comparison
    • $1,828
      per month*

  23. Flexible Home Loan with Member Package

    • Offset Account
    • Redraw Available
    • Borrow up to 80%
    • 3.74%
      p.a. variable
    • 3.91%
      p.a. Comparison
    • $1,830
      per month*

  24. Variable Home Loan F180 80%

    • Offset Account
    • Redraw Available
    • Borrow up to 80%
    • 3.87%
      p.a. variable
    • 3.95%
      p.a. Comparison
    • $1,832
      per month*

  25. Back to Basics Variable Special Offer

    • Offset Account
    • Redraw Available
    • Borrow up to 95%
    • 3.93%
      p.a. variable
    • 3.93%
      p.a. Comparison
    • $1,834
      per month*

*Monthly Repayments

Monthly repayments are calculated to take into account the loan amount, repayment term and ongoing fees and charges over the life of the loan.

  • Variable rate loans show the monthly repayments at the current rate.
  • Fixed rate loans show the monthly repayment during the fixed period only.
  • Monthly repayment calculations are an approximate guide only. Speak to a LoanMarket Mortgage broker to understand the exact cost of a loan given your particular circumstances.

**Comparison Rates

A comparison rate is a tool to help consumers identify the true cost of a loan. It factors in the interest rate, loan amount, repayment term and ongoing fees and charges and displays this as a single percentage rate that can be used to compare various loans from different lenders.

Monthly Repayment and Comparison Rate* calculations do not include:

  • The use of account features such as early repayments and offset accounts which vary widely among loans and can reduce the cost of a loan significantly.
  • Cost savings such as fee waivers or special rate discounts.
  • Fees and charges associated with loan options or events that may or may not be used by the borrower, such as early repayment or redraw fees
  • Lenders Mortgage Insurance (LMI) which may be required to secure the loan and can increase the cost of the loan.
  • Government charges such as stamp duty or mortgage registration fees.
  • Fees and charges which aren’t available at the time the comparison rate is provided