DHOAS Construction Loan

The Australian Military Bank 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 Construction Loan helps you to relax during this often stressful time available for DHOAS eligible applicants.
Category: Home Loans  Last Updated May 22, 2024  Effective October 16, 2024

 General Lending Rates

Rates listed below are for a VARIABLE Owner Occupied Interest Only product. Additional Information
Interest Rate
6.78% PA
Comparison Rate
6.82%PA*
Product rates will vary depending upon your financial position< LVR, and other criteria. The product may also vary depending upon the rate type, repayment type, or loan purpose. We encourage you to contact us for a full understanding of the product and terms.

 Product Eligibility

  • Min Age - 18.
  • Residency Status - Individuals Must Be Citizens Or Permanent Residents Of Australia..
  • Natural Person
  • Employment Status - Applicants Must Be Currently Employed Or Receiving A Regular Income. Self Employed Clients Should Contact The Bank Prior To Applying.

 Bank Fees and Charges

  • Consent Fee (Event), Amount: 250.00. Additional Information: For 2nd or subsequent mortgages or lease registration
  • Ratesaver Switch Fee (Event), Amount: 100.00. Additional Information: +3rd party costs- To switch to a RateSaver Loan
  • Documentation Re-issue Fee (Event), Amount: 100.00. Additional Information: + 3rd party costs
  • Arrears Notice Fee (Event), Amount: 20.00. Additional Information: 2nd and subsequent reminders by letter or phone
  • Copies Of Statements (over 12 Months) At Branch Or Posted (Event), Amount: 5.00. Additional Information: per page
  • Construction Loan Drawdown Fee (Event), Amount: 65.00.
  • Audit Certificate Fee (Event), Amount: 50.00. Additional Information: Per audit certificate requested
  • Switch/variation Fee - Home & Investment Loans (Event), Amount: 100.00. Additional Information: + 3rd party costs -To switch or vary home loans (other than switching to RateSaver)
  • Default Notice Fee (Event), Amount: 30.00. Additional Information: Payable when a notice is issued regarding a default under the contract
  • Copies Of Statements (up To 12 Months) Posted (Event), Amount: 1.00. Additional Information: per page
  • Processing Fee (Upfront), Amount: 450.00.
  • Copies Of Statements (up To 12 Months) At Branch (Event), Amount: 2.50.
  • Archive Retrieval Fee (Variable), Amount: 50.00. Additional Information: A $50 hourly fee applies plus any expenses incurred
  • Paper Statement Fee (per Statement) (Periodic), Amount: 2.00.
  • Mortgage Discharge Fee (Event), Amount: 120.00. Additional Information: + 3rd party costs

 Limitations & Restrictions (Constraints)

  • Min Limit of 50000.00
  • Max Limit of 5000000.00