Construction Loans

Construction Loans

We have a highly competitive construction loan product for both self employed borrowers requiring a low doc construction loan as well as traditional full document construction loan.

Construction loans work on a progressive draw down basis, usually in line with your building contract. On a standard domestic building project the loan will generally be drawn in stages in accordance with the fixed price building contact as follows;

  1. Deposit (if applicable)
  2. Base Stage
  3. Frame Stage
  4. Lockup Stage
  5. Fixing Stage
  6. Completion

Once the dwelling(s) are complete the residential construction loan converts into a standard home or investment loan. Talk to one of our lending advisors today or request a call back and see how we can assist you.

Construction Loan Products

Product
Max LVR*
Features/Description
Full Doc Construction Loan
 95% Flexible construction loan for the construction of 1-2 dwellings
Low Doc Construction Loan
 85% Flexible construction loan for the construction of 1-2 dwellings
*Construction loans are residentially secured. Minimum residential construction loan $250,000. Max LVRs calculated on land value + build contract sum.