Hi Folks,
With advice from my broker I went with Bankwest for my land loan and topping it up later once in construction.
Currently 3.05% with Bankwest. Just wondering if anyone has a better rate cause obviously trying to get the best deal :)
Best Interest rates (Construction Loan)
halfaznpersuasion on 23/01/2020 - 10:58
Last edited 23/01/2020 - 13:05 by 1 other user
Last edited 23/01/2020 - 13:05 by 1 other user
Comments
That's good to know :)
Yes i am
A good deal doesn't just mean a good rate. Features, fees + charges etc. should also be considered.
Bankwest are pretty competitive and are a good choice IMO, particularly as they don't charge for progressive drawdown.
Westpac might also be a good candidate as they're offering $2k cashback at the moment and rates are similar. They charge $300 for progressive drawdown.
Are you a first home buyer?