BOQ Specialist
Construction Loan
A construction loan is a facility with the flexibility to make progress payments to your builder throughout the construction period as each building stage is completed.
At a glance
- Pricing
- Rates on application
- Variable
- 10.70%
- Monthly fee
- $20
§ 01 — Rates · 1
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| Variable | Interest only | — | — | 10.70% | — | — |
§ 02 — Fees · 23
| Fee | Type | Amount | When | Notes |
|---|---|---|---|---|
| Payment Dishonour Fee | Dishonour | $15 | — | Charged each time a cheque or payment made by you is dishonoured. |
| Information Fee | Enquiry | Varies | — | Charged each time you request us to provide information about your facility, including preparing figures and retrieving documents (for example subpoenas and family law proceedings). $80 per hour per… |
| Arrears Management and Administration Fee | Event | Varies | — | Charged for the management of any contract in arrears. $140 per hour per staff required to attend. |
| Bank Cheque Fee | Event | $25 | — | Charged if sending payment via Bank Cheque (per bank cheque). |
| Legal Fee (including settlement and agent fees) | Event | Varies | — | Charged when solicitors need to be involved with matters relating to the documentation and settlement of loans. |
| Quantity Surveyors Fees | Event | Varies | — | Charged for external services provided by a Quantity Surveyor on construction facilities where these services are deemed by Us as required. |
| Settlement Cancellation Fee | Event | $150 | — | Charged if a booked settlement does not proceed. |
| Special Attendance Fee | Event | $450 | — | Charged if you require any special attendance (for example, the production of the title for any reason, consent to a subsequent mortgage, variation or substitution of security). $450 plus any applica… |
| Valuation Fee | Event | Varies | — | Charged for external property valuation costs where a property valuation is required. |
| Discharge Fee | Exit | Varies | — | $150 (PPSR security), $250 (property). Charged each time a security is discharged (per security). |
| Termination Fee | Exit | Varies | — | Payable if an agreement is terminated before expiration of the term of that agreement. |
| Government Stamp Duty | Other | Varies | — | Charged if a NSW deal and stamp duty applies. |
| SWIFT Fee | Payment | $30 | — | Charged if sending payment via SWIFT. |
| Monthly Account Keeping Fee | Periodic | $20 | Every 1 mo | Charged monthly in arrears (with the first payment due one month after the day the advance or the first part of it is drawn to or to the order of the Customer) for the provision and maintenance of th… |
| Credit Card Payment Fee | Transaction | 1.50% of balance | — | Charged when loan payment via BOQS credit card. |
| Documentation or Establishment Fee | Upfront | Varies | — | Charged for set up of the Facility. |
| Additional Valuation Fee | Variation | Varies | — | Charged for additional valuation required by us. |
| Application Reassessment Fee | Variation | $250 | — | Charged when an application is reassessed. |
| Consent to lease Fee | Variation | $395 | — | Charged when a consent to registration of lease and production of Certificate of Title is required. |
| Construction fee | Variation | $395 | — | Charged on expiry date which is the day on which the final repayment is due under the repayment schedule. 1.10% of the total amount of the principal outstanding (where the total amount of escrow fina… |
| Substitution/Assignment/Novation Fee | Variation | Varies | — | $450 plus any applicable External Costs. |
| Trust Deed Review | Variation | $220 | — | Charged when a trust deed requires review. |
| Variation Fee (including increase, extension, substitution, novation) | Variation | Varies | — | $395 - $950. Charged for any variations made to the loan that need documentation. |
§ 03 — Features
- · While they're building, you only pay interest on the progress claims made.
- · Instead of lending you the whole amount upfront, we make a series of progress payments to your builder as they reach certain stages in the building process.
- · Do major renovations to a property you already own.
- · Build a new structure on land you already own.
§ 04 — Eligibility & limits
- · Exclusively available to medical, dental, veterinary and accounting professionals.
§ 05 — Compare
§ 06 — Run the numbers
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Published by BOQ Specialist under the Consumer Data Right, last changed by them on 26 June 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.