Building hOME Loan

If you've decided to build your dream home and have chosen a licensed builder, we can help you with a flexible and uncomplicated  Building Home Loan so that at least one part of your building process is hassle-free!

Building Home Loan Features

• 3 month pre-approval allows you to complete your search for a licensed builder with confidence.
• Progress payments to a pre-arranged schedule with your builder¹.
• Interest only repayments during construction; these increase as your progress payments are made but we tell you the amount due each month.
• Borrow up to 95% of the completed value of the security property².

Rates & Fees

• A competitive fixed or variable interest rate during the construction period³.
• Establishment fee $445⁴.
• No monthly service fee.

Extras

• pinnacle +plus membership - our package offering discounted interest rates and fees⁵.
• A pre-approved overdraft limit⁶.
• Insure your property, your valuables, your loan repayments or insure yourself.
• Building Loan fact sheet.

Useful Links

• Our Handy Home Loan Tips can help you to manage your home loan.
• Useful tips and checklists for buying and renovating your home including green tips.
• Green living tips from the Australian Conservation Foundation.

  

Important Information

Terms, conditions, fees, charges and normal lending criteria apply. Building loans are only available where the agreement between you and a licensed builder is a Housing Industry Association (HIA) contract.  Full details are available in our loan offer or on request.

¹Progress inspections may be required throughout the building process. A fee may be payable for each inspection and progress payment. ²Lenders Mortgage Insurance is required where the loan is greater than 80% of the value of the security property. This may vary based on the location of the property. ³The loan converts to a variable or fixed rate home loan or All-In-One Account at the end of the construction period with all the features of those loans available to you. ⁴A settlement fee of $150 and other upfront fees including valuation fees and government charges are payable. ⁵Eligibility criteria apply. ⁶Pre approved overdraft limits up to $5,000 to approved applicants.