Construction loans
Build it your way.
Building a new home or knocking down and rebuilding? Construction loans release funds in stages as your build progresses.
Construction loans are usually paid in stages — often called progress payments — as each phase of the build is completed.
Interest is generally charged only on the amount drawn so far, with repayments increasing as more funds are released.
Lenders typically need a fixed-price building contract, council-approved plans and a valuation on completion.
- A conversation about your goals and circumstances
- Help understanding loan features and potential costs
- Guidance through the application and settlement process
General information only, not financial advice. Available products and eligibility depend on your circumstances and lender requirements. No approval or savings are guaranteed.