Our Residential Construction & Commercial Development loan products are popular with PAYG or self-employed borrowers looking to construct a home to live in, or to use as an investment. Our Commercial Development loan may suit borrowers looking to complete small development projects.

Product Details:

click to switch between products
Product Name Residential Construction Development Finance
Current Rate^ 7.29%^ 8.99 - 10.35%^
Comparison Rate* 7.95%* n/a
Security Type Residential security Residential & Commercial security
Loan Purpose Construction (single residential dwelling) Construction - up to 10 units
Verification Required Full or Lite Doc® methods Full or Lite Doc® methods
Personal or Business/Investment Purposes Both Both
Minimum Loan Amount $100,000 $100,000
Maximum Loan Amount $1,500,000 $10,000,000 (65% LVR)
$2,000,000 (70% LVR)
Maximum LVR 75% (not to exceed 80% of total development cost) 70% (not to exceed 80% of total development cost)
Lenders Mortgage Insurance required No No
Maximum Loan Term 30 Years 2 Years
Repayment Type Principal & Interest Interest Only
Maximum Interest Only Term 5 Years reverting to P&I 2 Years
Interest Rate Type Variable Variable
Redraw Available Yes No
Application Fee (excl. Val. & Legal Fees) 1.25% of the loan amount from 1.50% of the loan amount
Risk Fee $0 $0
Additional Repayments Yes No

* The comparison rate is based on secured credit of $150,000 and a term of 25 years. WARNING Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees and cost savings such as fee waivers are not included in the comparison rate but may influence the cost of the loan. Terms, conditions, fees, charges and La Trobe Financial Lending criteria apply. ^ Depends on the loan amount, LVR and/or risk grade of the borrower.

All Lending Products:

Key Borrower Documents: