The Webdeal Construction Loan is a very competitive loan product for constructing either your own home or an investment property. Unlike construction loans offered by other lenders where inspections are required at every interval during the progress construction, the Webdeal Construction Loan only requires an initial and final inspection.

The Webdeal Construction Loan offers one of the lowest variable interest rates in Australia plus a great range of features.

You can borrow up to 90% of the land value and up to 95% of completion value (land plus building costs) with no progress inspections for payments.

This loan could be ideal for you if you are:

• buying land and want to build your home on it;
• an investor looking for a residential project loan;

Loan amounts	Minimum Loan of $50,000. Maximum loan of $1,000,000 (more with special approval.)
Interest rate type	Variable rate only during construction period
Loan Term	10 to 30 years.
Repayment type	Interest only during the construction period, and then reverts to Advantage Rate Loan. Can revert to another product if notified in writing prior to the final draw down.
Combination and splits	Not available during construction period.
Repayment options	Direct Debit either monthly or fortnightly.
Additional repayments	Not available during construction period
Redraw facility	Not available during construction period
Withdrawals	Not available during construction period
Salary crediting	Not available during construction period
Switching Loans	Not available during construction period
Frequency of Statements	Quarterly
Deferred Establishment Fee	During year 1      1.00% of original loan amount During year 2      0.80% During year 3      0.60% During year 4      0.40% During year 5      0.20% Year 6 onward    0.00%
Other Fees	$595 settlement fee $295 progress inspection fee.
Substitution	Not available during construction period