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I am building / renovating

If you are building a brand new home or planning on renovating your existing home, MyRate has loan products which may be suitable for you.

Consider the MyRate Construction loan if you require up to 90% finance for:

  • Purchasing land and constructing a new home (work must commence within 12 months of land settlement)
  • Construction of a new home

Planning on renovating your home?

It may be possible to fund your renovations with the equity available in the value of your property. If not, the construction loan may be suitable for you.  We can lend up to 85% of the value of your property when refinancing. A MyRate consultant can suggest the best loan option for you.

Tips:

MyRate is not able to provide finance for:
  • Owner builders
  • Land only purchases
  • Developments and commercial purposes

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Compare Us  
Lender % p.a CCR % Fees
MyRate 5.42 5.42 $0*
CBA 6.15 6.29 $600
St. George 6.24 6.56 $700
Westpac 6.26 6.39 $600
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MyRate Update
Friday 17th May 2013

In line with the recent RBA rate cut, we are pleased to advise that our funder has reduced the rate on all variable rate loans by 0.25% effective the 17th of May 2013.

Our website is already reflecting these changes.

Did you know that MyRate can offer a 97% LVR on purchases including capitalised LMI? Enquire now to find out more.

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