Construction Loans

Construction loans are designed for clients building a new home or undertaking major renovations. Rather than receiving the full loan amount upfront, funds are released in progressive stages aligned with construction milestones. This approach helps manage cash flow and ensures you only pay interest on funds drawn to date.

How It Works

• Stage-based drawdowns: Funds are released at key stages such as slab, frame, lock-up, fixing, and final completion.
• Interest-only during construction: You typically only pay interest on the funds used, reducing your repayments during the build.
• Loan converts post-completion: Once your property is finished, your loan transitions into a standard principal & interest loan.

Benefits of Construction Loans

• Better cash flow management during the build
• Tailored repayments aligned to construction stages
• Only pay interest on the amounts drawn, not the full loan
• Progress inspections ensure builder milestones are met

Who It’s For

This loan type suits clients building from scratch, undertaking knock-down rebuilds, or completing significant structural renovations. We work closely with you and your builder to ensure documents, drawdowns, and approvals run smoothly from the first slab to the final coat of paint.

All recommendations are based on a full understanding of your financial position, building plans, and future goals.

Please note: Your full financial needs and requirements will need to be assessed before any offer or acceptance of a loan product.

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