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;
- Deposit (if applicable)
- Base Stage
- Frame Stage
- Lockup Stage
- Fixing Stage
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
|Full Doc Construction Loan
||95%||Flexible construction loan for the construction of 1-2 dwellings|
|Low Doc Construction Loan
||80%||Flexible construction loan for the construction of 1-2 dwellings|