Why Choose Our Construction Loan?
Progress Payments
Only pay for each stage as it's completed, helping you manage your cash flow during construction.
Interest Savings
Only pay interest on the amount drawn down, not the full loan amount during construction.
Expert Support
Get guidance through the entire construction process, from plans to final inspection.
The Construction Process
Initial Consultation
We'll discuss your building plans, budget, and timeline to find the right construction loan solution.
Pre-Approval
Get loan pre-approval before finalizing your building contract, so you know exactly what you can spend.
Construction Begins
Once approved, construction can begin with progress payments made at each stage of completion.
Final Inspection
After completion and final inspection, your loan converts to a standard home loan with full repayments.
What You'll Need
To apply for a construction loan, you'll need to provide:
- Building plans and specifications
- Fixed-price building contract
- Council approvals
- Proof of income and savings
- Builder's insurance
Frequently Asked Questions
How much deposit do I need?
Most lenders require a minimum 5-10% deposit for construction loans, plus additional funds for fees and charges.
How do progress payments work?
Payments are made at key stages: slab, frame, lock-up, fit-out, and completion. Each payment is inspected and approved before release.
How long does construction take?
Typical construction time is 6-12 months, depending on the size and complexity of your project.
Can I make changes during construction?
Yes, but variations must be approved by your lender and may require additional funds or documentation.
Ready to Start Building Your Dream Home?
Let us help you secure the right construction loan for your project.