Business Finance
Commercial Building Loan
Our Building Loan is designed to help your business develop commercial or industrial properties.
General conditions
- Funds can be paid out to the contractor at certain stages during construction, as per instruction and against our Property Finance Division's inspection reports.
- Repayments commence once 50% of the loan granted has been paid out.
- Payments are subject to bond registration and progress of construction.
- Available for the construction of new commercial or industrial buildings, or major renovations to existing ones.
Fees and charges
- An initiation fee applies on approval, calculated on the loan amount.
- A monthly service fee applies for the life of the facility.
- Valuation and legal fees are for the applicant's account.
- Progress inspection fees apply at each payout stage.
What you'll need to apply
- Certified copy of ID and proof of residence for all signatories.
- Latest financial statements and management accounts.
- Approved building plans and a fixed-price building contract.
- Six months' business bank statements.
- Proof of registered title to the property being developed.
Plan ahead
See what it could cost you monthly
Estimate your monthly repayments on this Building Loan with our Home Loan calculator before you apply.