The Construction loan is available for amounts from $50,000 to $1,500,000 and up to 105% of the property value.

The interest rate is variable. As economic conditions change, your interest rates and repayment amount may vary during the term of your loan. Starting one month after the start of your loan, Yes Finance will calculate the interest daily on your outstanding loan balance and charge it to your loan amount monthly. Your repayments may need to be adjusted to ensure that your loan is repaid within the agreed term, following an interest rate change. However you will be notified should any interest rates or repayments change. During the construction period, repayments will be made monthly and on an interest only basis, however you have the option of making additional repayments at any tim e. Once construction is completed, you can choose to repay your loan in monthly, fortnightly or weekly repayments. This can also be deducted from a nominated account. To save you interest and reduce the term of your loan, you may want to consider choosing fortnightly or weekly repayments.