Construction Loan
Keep it simple with our full doc and low doc construction loan
make it
fit for you
Key features of the MKM Construction loan

Loan Settings
-
Rates from 6.75%
-
Maximum LVR 75%
-
Commission 0.55% up front trail or 0.2% commences once OC provided
-
Maximum loan $1.5m

Other features
-
We don’t clawback
-
Fixed price build only – no owner builder
-
Full Doc and Flexi Doc Options

Applicants
-
All borrowers must be Australian citizens
-
Income verification 1 year of tax returns and financials full doc or flexi doc accountants declaration
-
>6 month ABN acceptable
What our Construction customers are saying
Product Summary
Registered defaults
< $1,000 Ignored if > 2 years
Arrears
Zero arrears. 1 late repayment < 30 days allowed
Maximum LVR
Borrow up to 75% of the property’s value
Max Loan – 75% LVR
$1,250,000
Max Loan – 70% LVR
$1,500,000
Maximum term
30 years (subject to expected retirement age)
Minimum term
5 years
Repayment frequency
Weekly, fortnightly or monthly (Interest only is monthly)
Extra payments
Permitted

Ready to take the next step?
One of our Business Development Managers will be happy to speak with you to find a solution that best suits your needs.