Construction Loans
Build your home your way, with your pace.5.24%variable Rate*
5.25%Comparison Rate*
What’s the difference?
Construction Loan Vs Home Loan
Construction Loan
Perfect if you’re building your home, renovating heavily, or doing a knock-down rebuild. You pay interest only on the funds drawn at each stage — meaning lower costs during the build.
Home Loan
Ideal for purchasing an established property. Move-in ready or lightly cosmetic work only.
First time buyers are eligible for higher loan to value ratio with no additional costs*.
What’s the difference?
Why Choose a Construction Loan?
Interest only periods
during construction
during construction
Pay as you build
stage by stage
stage by stage
Perfect for new builds,
renovations, or extensions
renovations, or extensions
Pay $0 fees to us
for your application
for your application
Save more by potential
stamp duty waivings
stamp duty waivings
Refinance later to
maximize savings
maximize savings
ATTENTION FIRST HOME BUYERS!
Land & Build packages for First Home Buyers
Your New Land
ANy of these jobs most likely qualify for a professional home loan at 90% LVR with little to no LMI!
Build Your Home
This is the premium home loan tier for professionals. Borrow up to 95% LVR with zero LMI, saving thousands upfront.
How Much Can You Borrow?
Use our borrowing power calculator to see how much money you can borrow for your construction loan
(HINT: enter the rate 6.99%, because we can achieve that!)
No pressure. No credit hit. Big potential reward.
Construction Loan Process
30 Minute Free
Consult
Consult
Tell us your situation and what you’re aiming to get out of your construction finance
1
Compare & Find
the Best Deal
the Best Deal
We’ll do the hard work and find you the best construction loan options, to make the best decision
2
Start Progress
Payments
Payments
Once approved you’ll be able to take out your first drawdown and start building!
3
1
30 Minute Free
Consult
Consult
Tell us your situation and what you’re aiming to get out of your construction finance
2
Compare & Find
the Best Deal
the Best Deal
We’ll do the hard work and find you the best construction loan options, to make the best decision
3
Start Progress
Payments
Payments
Once approved you’ll be able to take out your first drawdown and start building!
What are you waiting for?
Get started with a free chat
No obligation, just guidance…
Get started with a free chat
No obligation, just guidance…
We compare all the banks, so you don’t have to
Don’t worry, we got your back every step of the wa
Live Human Support
24/7
No need to speak to a clueless AI bot! You can contact us directly to disscus any issues/questions!
Up to and over
+100
Free accessible videos, articles, and tools which we have prepared for you to ease your journey
30 Minute Consultation
For Free!
Want direct help? No worries. Stop waiting and book your free consult immediately!
STILL GOT QUESTIONS?
Answer to your questions
How does a construction loan differ from a standard home loan?
Unlike a traditional home loan that provides a lump sum upfront, a construction loan releases funds in stages, known as “progressive drawdowns”. You only pay interest on the portion of the loan that has been drawn down to pay your builder for completed work. Once construction is finished, the loan typically reverts to a standard principal-and-interest mortgage.
What are the typical stages of a construction loan drawdown?
Will I have to make full mortgage repayments while my house is being built?
What documents do I need to provide for a construction loan?
Can I get a construction loan if I am self-employed or a contractor?
Can I use a First Home Owner Grant (FHOG) toward my construction loan?
