The Finance Algorithm
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Construction Loan

Our Construction Loan offers flexible finance options to suit the needs of property developers.

Business loansBank updated 8 May 2026
Product page ↗Fees and pricing ↗Terms ↗

At a glance

Pricing
Rates on application
Monthly fee
$35

Fees

6 fees published, grouped by when they're charged.

  1. When you take it out0.60% of balanceLending Establishment Fee
  2. While you hold itUp to $352 fees, each listed below
  3. When you close it or pay it off$350Discharge Settlement Fee

When you take it out1

  • Lending Establishment Fee

    Minimum charge of $600.00

    0.60% of balance

While you hold it2

  • Line Fee
    1.50% of balance a month
  • Service Charge
    $35 a month

When particular things happen2

  • External Consultancy Fee

    Fees associated with engaging external consultants eg Quantity Surveyor, Panel Engineer etc. Fee will vary and be quoted individually by consultant as required

    Varies
  • Valuation Costs
    Varies

When you close it or pay it off1

  • Discharge Settlement Fee

    Payable when we agree to discharge a security linked to the facility

    $350

Features

Extra repaymentsRelationship manager
  • Our property finance specialists will work with you to create and implement customised finance solutions from the ground up.
  • Our team includes local lenders whose expertise can provide valuable insights for both developers and investors.
  • An 'Approval in Principle' property loan can help ensure you never miss an opportunity.
  • We can arrange for interest capitalisation subject to credit approval
  • A prompt payment process to assist with cash flow.
  • To find out more call 13 82 66 or email us for more information
  • Variable interest rate facility only. Fixed rates are not available, however once the loan has been funded, tranches of the facility can be refinanced to a Fixed Rate Business Loan on request (subjec…

Eligibility and limits

  • Minimum age 18
  • Available to businesses
  • A business entity or an individual 18 years and above, domiciled in Australia and require the funding wholly or predominantly for business purposes
  • Customers is an existing holder of a Construction Loan
  • Meets the credit criteria and credit policy requirements under an applicable offer for this product.

Published by Bank of Melbourne under the Consumer Data Right, last changed by them on 8 May 2026. Figures are shown as the institution publishes them and can change without notice; confirm on their site before applying. The Finance Algorithm earns nothing from any product listed here.