Construction Loans
Whether you are renovating, building your dream home or building an investment property, securing the funds to complete your project with peace is key!
HOW WE CAN HELP
Ongoing Support during construction!
We provide loan solutions for buying land, building new homes, purchasing off the plan house and land packages but more importantly we help you navigate through your application, construction, repayment and draw down stages; whether it is an owner occupied or investment. We are here to help you on this exciting journey.
For construction loans we will handle all your construction draw down payments facilitating this process and holding your hand until final stage of your project.
Our Construction Loan Process
Initial Meeting
Understanding You
Documents
Documents
Options
Your Tailored Options
Lodgement
Lodgement
Approval
Approval
Settlement & Ongoing Support
Settlement
LEARN MORE
Frequently Asked Questions
A construction loan is one you might apply for if you were looking to build a new home or make some major structural changes to your existing home.
With construction loans, payments are made to the builder as project construction progresses; these payments are drawn down in chunks and instalments (referred to as progressive payments) . Progressive payments take place at frame, slab, lock-up, fixing & completion stages where initially approved loan amount is drawn in full at settlement.
Once the construction loan is approved, your bank will be able to make payments to your builder after completing each stage of the construction. As the draw down payment to the builder begins you will start to pay interest.
Absolutely! with a fixed price contract there will be no surprises. The price of your build is locked in so you know the exact budget you are building with.
Get In Touch
Phone
Address
Suite 575, UL40, Level 2
1341 Dandenong Road, Chadstone,
Victoria 3148
