Investment Construction Loan
The Australian Military Bank Investment Construction Loan is perfect for those wanting to build or renovate their homes. With interest only repayments to help you save during the construction period, our Investment Construction Loan helps you to relax during this often stressful time.

Borrow up to 90%
of your property's value

Home construction
and renovations

Split
loan option
Overview
The Investment Construction Loan has a great range of features:
- Progressive draw down payments throughout construction
- Minimum loan amount of just $50,000
- Loan term of up to 2 years
- The option to make extra repayments to reduce your loan term
- Interest only2 repayments during the construction phase to help you save
- No early repayment fees
- Borrow up to 90% of the property value (inclusive of LMI)4

Rates & Fees
Here’s everything you need to know about the rates and fees
for the Investment Construction Loan:
- Interest rate: 7.03% p.a.2
- Comparison rate*: 7.07% p.a.3
*Comparison rate based on a loan of $500,000 repaid over 25 years. WARNING: The comparison rate is applicable only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
- Application fee: $450
- Monthly fee: $8 per month
- Draw down fee: $65 per draw down
-
Mortgage discharge fee: $120 - legal fees and government charges are not included
- Lenders Mortgage Insurance (LMI)4: Payable for loans with a deposit of less than 20% of the purchase price
- 3rd party charges: Stamp duty, legal fees and valuation fees apply
Additional fees may be payable. For more information please see our Fees and Charges Schedule.
Download our Fees and Charges Schedule

Questions
Here are the top 5 questions we get asked about our Investment Construction Loan. Have a different question? Call 1300 13 23 28 to speak to a home loan consultant.
How long do I have to build my home?
The construction period is up to 2 years from the date of settlement.
What happens after I’ve built my home?
Once your construction is complete, you’ll revert to another of our home loans. Talk to us about which of our options may suit your lifestyle.
How do the progressive draw downs work?
Progressive draw down allows you to pay the builder for the construction or renovation in stages as the building work reaches each stage of completion. Australian Military Bank will arrange a valuation to conduct progress inspections prior to payment. Please note these inspections may be subject to fees and charges.
Can I make extra payments on my loan?
Yes. You can make additional repayments on your loan which can help you to reduce your overall loan term.
I don’t need to borrow much money. What is the minimum amount?
With the Construction Loan you can borrow as little as $50,000.
