Construction loans

We’ll help take the stress out of financing your building or renovations with our low rates and easy online application.

From streamlined packages to fully-featured loans, you’ll find a low rate construction loan that’s perfect for you.

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Apply online or speak to one of our Australian based loan specialists who will take care of all the paperwork for you. Applying is easy and we can settle your loan quickly so you start saving sooner. With you can have confidence in dealing with Australia's largest non-bank lender.


How much can I borrow?

It takes less than 3 minutes to calculate your borrowing power!


Ready to apply or want pre-approval?

Give us a call on 13 10 90 or start an online application.

Green Construction Loan
  • 2.08%
    discount var rate p.a.++
  • 2.39%
    comparison rate p.a.*

Low rate construction loan with added benefits for homeowners.

Why finance your build with


Low interest rates

We can offer extremely low rates because our online model is so efficient. Fewer overheads mean doing business costs less and those savings translate directly into lower interest rates and fees for our customers.


Australian based support team

We have an experienced, Australian based team. At every step of the way, you’ll talk to a real person from our friendly team of lending specialists who are here to help you.


Flexible options

We offer great low rates on our fixed, variable and split home loans. We also offer discounts for large deposits or customers with owner occupied and investment properties. Plus, our car loans have different fixed terms and the option for balloon payment.


Award winning

By keeping our interest rates low and revolutionising the loan application process, we keep on winning awards for our products, innovations and customer service, year after year!


Hassle free

For both our home and car loans, you can find out if you pre-qualify in just minutes. The application process is simple, online, plus we’re here to help at each step of the way.


onTrack advantage

onTrack is our online app which allows you to complete your home loan application on your device from initial contact through to settlement and beyond. In onTrack you can complete your loan application in your own time, as it suits you.

Our Construction Process makes borrowing to build simple. Go from application to settlement in a few steps. Here's how.


Apply online


Goodbye paperwork!




Fund construction in 6 separate stages

Common construction loan questions

To apply for this loan, you’ll need to have:
  • Finalised the purchase of your land
  • Selected a licensed Master Builder
  • Building plans
  • Copy of the fixed HIA/MBA Building contract
The rate is higher during construction due to the associated risks. Once construction has completed, your rate will roll over to a lower variable rate.
With the completion of each stage of your renovation or build, we’ll arrange an inspection of the property and then pay the builder directly for the completed work. Each progress payment is called a drawdown.

The number of drawdowns will depend on the agreement between you, your builders, and your lender. Loan repayments in constructions loan are interest-only but once the entire renovation is completed, the construction loan will revert to principal & interest repayments, unless you request to extend the interest-only period.
The 6 construction stages are:
  • Deposit
  • Slab down
  • Frame up complete
  • Lock-up
  • Fixing
  • Practical completion

A progress inspection will be carried out by an independent valuer for each building stage. Once your builder sends the invoice to us, a progress inspection will be ordered.
Yes, you may be eligible for our construction loan if you are completing extensive renovations to your existing property.

Get free property & suburb insights

To help you find the perfect home, we'd like to give you a free Comparative Market Analysis (CMA) property report, a breakdown of information about the property you are considering, including previous sale prices.


Estimated property value

An indication of how much the property is worth, based on factors including recent sale prices for comparable properties in the area.


Property mapping

An aerial photo of the property and its immediate surrounds, plus maps of the street & the property in relation to points of interest and facilities.


Properties sold in the area

You will be able to see details of recently-sold properties in the area including the date they were sold, land size, number of bedrooms, number of bathrooms and garage size.


Market comparison

Detailed information about nearby properties currently listed for sale or recently sold, including their first and last advertised price and days on the market.


Median sale prices in the area

The median sale price for homes in the area and how it has changed each month in recent years.


Suburb insight

Information about the suburb's demographics, such as household occupancy, household income and household structure.

Useful Resources


Guide to Building and Renovating

Most people have questions about how it works to finance the building of your new home, or even completing renovations. We’ve created this guide to make things easier for you to understand and help you start saving sooner.

From information on how to apply for a construction loan to advice on the separate stages of construction, you’ll find what you’re looking for in our guide. Plus, we’re available to help via Live Chat at most times of day.

Deposit amount
Borrowing capacity
Construction basics
building house

Building a new home involves a lot of trust. Trust in yourself to make good decisions and trust in your builder to turn your dream into a reality.

building house

Building a home is one of the most daunting but ultimately satisfying things that a person can undertake.

building house

Now that you have your land it's time to build your dream home. To help you achieve your dream you will need a builder.

building house

A construction loan is a type of home loan that's designed for people who are building their own home as opposed to buying an established one.

building house

Stages may differ from lender to lender, but these are the common stages of building a house.

building house

How much does it cost to build a house? To eliminate budget surprises, here are the common hidden costs of building your own home.

Questions? We can help


Chat online now

Send us a Live Chat with any home loan questions you have and we’ll respond straight away.


Talk to a home lending specialist

Our experienced team of home lending specialists are here to help you. Book an appointment and we can answer any questions you have.