Construction loans for building and renovations
How do construction loans work?
Progressive drawdown stages
The initial stage of construction where the buyer pays the vendor the initial percentage required to start the building process.
Second stage of construction where the foundations and concrete slab are laid.
Once the concrete base has cured, the framework is built.
The house is built to lock up stage with exterior walls, windows, doors and roof installed.
The focus is on the interior of your home and getting it to a point where you’re ready to move in.
How much can you borrow?
Use our borrowing calculator for an estimate of your borrowing capacity or
contact one of our lending specialists to discuss your situation.
Construction Loan Guide
Download our handy guide for tips that will help take the stress out of building your home.