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You could save on home loan interest by only drawing down the money you need as each construction stage is completed.
With progress payments, you only draw down the money you need as stages of construction are completed. Even better, there’s no fee to use this option.
The Detail
Credit criteria, fees and charges apply. Terms and conditions available on request.
Before making a decision, it’s best to read the terms and conditions:
Residential Loan Agreement – General Terms and Conditions (PDF 345KB)
Loan Accounts – Charges for specific services and accounts (PDF 331KB)
Please read these documents and keep a copy. You can request a paper copy at a branch.
The information on our website is prepared without knowing your personal financial circumstances. Before you act on this, please consider if it’s right for you. If you need help, call 13 22 66.