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. The Construction Home Loan is also available for DHOAS eligible applicants
Category: Home Loans  Last Updated May 20, 2026  Effective June 3, 2026

 General Lending Rates

Rates listed below are for a VARIABLE Owner Occupied Interest Only product. Additional Information
Interest Rate
6.94% PA
Comparison Rate
6.97%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 Features

  • Extra Repayments
  • Other Additional Information: Split Loan
  • Loyalty Program

 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

  • Audit Certificate Fee (Event), Amount: 50.00. Additional Information: Per audit certificate requested
  • Arrears Notice Fee (Event), Amount: 20.00. Additional Information: 2nd and subsequent reminders by letter or phone
  • Construction Loan Drawdown Fee (Event), Amount: 65.00.
  • Default Notice Fee (Event), Amount: 30.00. Additional Information: Payable when a notice is issued regarding a default under the contract
  • Archive Retrieval Fee (Variable), Amount: Not Listed.. Additional Information: A $50 hourly fee applies plus any expenses incurred
  • Processing Fee (Upfront), Amount: 450.00.
  • Ratesaver Switch Fee (Event), Amount: 100.00. Additional Information: +3rd party costs- To switch to a RateSaver Loan
  • Copies Of Statements (over 12 Months) At Branch Or Posted (Event), Amount: 5.00. Additional Information: per page
  • Copies Of Statements (up To 12 Months) Posted (Event), Amount: 1.00. Additional Information: per page
  • Mortgage Discharge Fee (Event), Amount: 120.00. Additional Information: + 3rd party costs
  • Documentation Re-issue Fee (Event), Amount: 100.00. Additional Information: + 3rd party costs
  • Paper Statement Fee (per Statement) (Periodic), Amount: 2.00.
  • Copies Of Statements (up To 12 Months) At Branch (Event), Amount: 2.50.
  • Consent Fee (Event), Amount: 250.00. Additional Information: For 2nd or subsequent mortgages or lease registration
  • 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)

 Limitations & Restrictions (Constraints)

  • Max Limit of 5000000.00
  • Min Limit of 50000.00
  • Max Lvr of 0.98
  • Min Lvr of 0.00