Specially designed loan to cover the developer’s deposit for an off-the-plan apartment if you don’t have funds available upfront.
Urban Connect Plus is only available if you're buying an apartment off-the-plan, meaning buying an apartment that hasn't been built yet.
Loan repayment amounts
Loan repayment amounts shown are based on a simplified amortised schedule of repayments model. Actual loan repayments are subject to various internal and external factors including (but not limited to) changes in interest rates, fees and taxes. In particular, the model cannot predict future interest rates and therefore assumes the current variable rate for the remainder of the loan period.
Comparison rate
Warning: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.
Deposit required
Your deposit will be the higher of 2% or $2,000. The deposit required shown here may vary dependent on location and purchase price.
Purpose of the home loan
Not all loan products allow you to build a home.
Borrowing amount
This amount is provided for illustrative purposes only. The amount you may be eligible to borrow will be based on a full application. All applications for loans are subject to Keystart's standard credit policies and loan approval criteria, and depend on the particular circumstances and credit attributes of each applicant. Actual loan amounts approved may therefore be different to the results presented.
Loan increases?
Urban Connect Plus loan is only available with Urban Connect Home Loan. Here's how the two loans work for off-the-plan apartments.
To hold, or secure, your apartment, you'll need to pay the apartment developer's deposit (a portion of the purchase price - usually around 10%) upfront. The amount of this deposit is set by the developer, not by Keystart.
The construction of the apartment building can take years, depending on the project's size and complexity.
During this phase, you'll make payments towards your Urban Connect Plus loan.
Once the apartment is nearing completion, you'll complete your purchase by paying the developer the rest of the purchase price.
We'll assess your situation again at this point to switch you from Urban Connect Plus to Urban Connect Home Loan.
You'll also get the keys to your new apartment.
Once you've switched to Urban Connect Home Loan, you’ll have a home loan with a longer loan term. We have loads of resources and an app to help you get ahead on your home loan.
The loan product is initially running as a pilot. Fill in our form below to start your enquiry today.
By choosing a few basic details about yourself we can recommend a loan most suitable for you to apply for.