Building your home is one of the biggest commitments you'll ever make.
loans.com.au can help take the stress out of building a home with our low rates, low fees and easy online applications.
From streamlined packages to fully-featured loans, our low-rate construction loans can be tailored to suit your needs.
Below are our recommended loan packages for people building their own home.
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loans.com.au makes borrowing simple so you can refinance your mortgage online with confidence.
Go from application to settlement in three easy steps.
Here's how to lock in a super-low-rate home loan, super-fast.
It is easy for you to track your application to approval, receive your loan documents and set up online services with our award winning onTrack app.
We do everything required for the loan settlement, so you can start saving money.
Building your home is one of the biggest commitments you'll ever make.
loans.com.au can help take the stress out of building a home with our low rates, low fees and easy online applications.
From streamlined packages to fully-featured loans, our low-rate construction loans can be tailored to suit your needs.
Building a new house can be daunting, especially if you've never done it before.
Just like hunting for an established home, it helps if you have a general ideal of what you can afford before you start.
So how much does it cost to build a house in Australia and what are the main contributors?
Put down your pen! Our online system lets you effortlessly share your information, saving time and improving accuracy. No more filling out paper forms, doubling-handling documents and sending hand-signed contracts by snail mail. We collect your information quickly and work behind the scenes to make it happen while you concentrate on more important things! Life is too short to waste on doing paperwork for banks and mortgage brokers!
Visit loans.com.au and fill out an online application. It only takes a few minutes to complete. You will then be prompted to book a quick phone appointment with one of our online loan specialists to review your application and lodge it. You will also receive login credentials for onTrack, our easy-to-use online portal. You can use onTrack on any computer or mobile device including your mobile phone.
Apply Online
Book an appointment
login to
What you do:
Fill out an application online
Book an appointment with a loan specialist
What we do:
Contact you at the requested time to discuss the information you provided
Talk with one of our loan specialists. They will review your application and help you choose the most appropriate loan for your needs.
What you do:
Be prepared with your financial information such as income and expenses
Tell us your key financial goals
What we do:
Verify the information you provided
Tailor a loan product to achieve your goals
Provide access to our onTrack application portal
Once you have applied, you will need to supply some supporting documents. You can do this using onTrack.
You will need:
Evidence that you have your deposit
A contract of sale for the land (or proof that you own it)
A fixed price building contract from a registered builder
Contract of sale
Building contract from a registered builder
What you do:
Log in to onTrack
Start uploading supporting documents to your application checklist
What we do:
Verify the information you provide
Contact you to assist with the application process.
We will arrange for a property valuation to be done on the home you are building.
What you do:
Nominate a time for the valuer to come
Attend the valuation or arrange for a contact to attend
What we do:
Order the valuation
Review the valuation
If the valuation falls within the expected range, and our credit assessment is positive, we will approve your loan.
What you do:
Check onTrack for application status
What we do:
Notify you of your success
At this Stage you will receive through onTrack:
Final Approval of your loan
Your Mortgage documents and Loan Agreement pack
What you do:
Complete your loan documents and return to us
What we do:
Call you to make sure you have received the documents and everything is in order
We will contact your conveyancer or solicitor to arrange settlement of the purchase.
What you do:
Arrange necessary deposits to be transferred to your conveyancer
Notify your conveyancer that we will be your lender for settlement
Arrange conveyancer to contact us to book in settlement
What we do:
If further legal documents are required for settlement we will contact your conveyancer
We will use a portion of the approved loan amount to complete your purchase of the land.
What you do:
Arrange for you portion of the purchase price to be paid by your conveyancer
What we do:
Pay our contribution towards the land from your loan funds
Now we start to pay for each stage as it is completed. As each stage is finished, we
arrange a progressive inspection and then, if everything is in order, we pay the
builder directly.
The stages of a construction loan are:
|
Stage |
Typical components |
|---|---|
|
Deposit |
Paid to the builder to commence work |
|
Base |
Concrete slab complete or footings and base brickwork complete |
|
Frame |
House frame complete and approved by inspector |
|
Lockup |
Windows/doors, roofing, brickwork, insulation |
|
Fixing |
Plaster, kitchen cupboards, appliances, bathroom, toilet, laundry fittings/tiling, heating, fixing/internal doors, etc., plumbing, electrical, painting |
|
Practical Completion |
Fencing, site clean-up, final payment to builder |
What you do:
Sign the invoice from your builder
Send it to us
What we do:
Order an inspection
Pay the invoice if the stage has been satisfactorily completed
Once the home has reached practical completion we will make the final payment to the builder. You can then collect your keys and move in.
What you do:
Send us the final invoice
Insure the house
Provide us with a copy of the occupancy permit
Collect your keys
What we do:
Make the final payment
Not sure where to start or want to know which properties are in your budget? Try our borrowing power calculator to see how much you are eligible to borrow.
Use CalculatorIn 2021, loans.com.au received a 5-star rating from Canstar for Outstanding Value in the Investment Variable Home Lender category.
We also received 2021 Mozo Experts Choice for Low Cost Home Loan and Offset Home Loan category, multiple 2021 RateCity Gold Awards for Best Variable Home Loan and Best Investor Variable Home Loan category and 2020 5-star rating from Canstar for Outstanding Value in the Variable Home Lender category.
The awards are the latest of many accolades we have received for our low-rate home loans.
Hannah has been with loans.com.au for over five years. As an experienced Senior Support Officer, Hannah can answer all your questions and help you start saving sooner.
Speak to one of our friendly and experienced support team members, like Hannah, to find the right low-rate loan package for you.
loans.com.au is an Australian owned, multi award-winning online lender. We have earned our track record with low interest rates and flexible finance products. Since 2011 loans.com.au has been able to meet the needs of tens of thousands of customers around Australia; people just like you. We continue to innovate to stay ahead of the competition and give our customers the best of what new technology can bring to money management.
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