Construction loan option
Why choose our construction option?
You’re in control: draw down your loan in stages (i.e. slab, frame, lockup, fit out, completion), only once you’ve approved the inclusions and quality of finish.
Manage cash flow
Interest Only payments are available during construction, to help with cash flow.
Only pay interest on funds drawn down – not the whole amount upfront – which means lower repayments for you.
Frequently asked questions
The construction option, also known as a building loan, is a lending option that gives you funds to pay your Licenced Builder (or fund your Owner-Builder project) throughout each stage of your build or renovation process.
Things you should know
Conditions, credit criteria, fees and charges apply. Residential lending is not available for Non-Australian Resident borrowers.
This information has been prepared without taking your objectives, needs and overall financial situation into account. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice. This includes any tax consequences arising from any promotions for investors and customers should seek independent advice on any taxation matters.