Hi All, I have a few loans with commonwealth bank and I know that even if you buy land/property off the plan, CBA will always provide you a loan according to the either the contract price or valuation, whichever is lower. However, I have now heard from someone that some other banks such as ANZ will provide a loan according to the valuation. For example, if valuation comes in for off the plan land at $700,000 but contract price of $500,000 they will provide the loan at 80% of the valuation. Is this true? Can some people please shed some light on this? I look forward to some replies. Thanks everyone.