Aimed at borrowers building a house duplex or extensions.
The Platinum construction loan features an interest only repayment structure during the construction process and the option of a principal and interest repayment after construction has completed.
The construction Loan is designed to be drawn down in stages as your property is being built. This results in your monthly repayments gradually increasing as construction progresses until the building is finished.
Upon completion of your property, the construction loan reverts to a standard variable product.
Owner builder constructions loans are also available.
Or just wanting extra cash for some renovations, platinum has put together a package to take the frustrations out of your renovation.
