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Investment construction loan

If you've decided to build your investment property, we're here to help.

Multi-award winning

  • awards
  • awards
  • awards

Green Construction

6.44
%
p.a
Rates from++
6.41
%
p.a
Comparison rate*
  • Discounted 5yr green construction rate++
  • Interest only during construction period
  • No monthly or ongoing fees
  • Offset sub-account available after completion
  • Unlimited additional repayments after completion
  • Access your account via Smart Money app
Our Google Rating
4.5
548 reviews

Why Aussies Choose Us

Apply anytime, and from anywhere. image

Apply anytime, and from anywhere.

Fast tracked pre-approval in minutes. image

Fast tracked pre-approval in minutes.

Smarter lending to get you moving sooner. image

Smarter lending to get you moving sooner.

Online convenience, local support. image

Online convenience, local support.

Our home loan interest rates

Loan reasons
Loan type
Home Loan Interest Rate Comparison Rate Monthly Repayment Product Features Details

Green Construction Investor

Borrow up to 90% LVR at a discounted rate++
6.44% p.a. 6.41% p.a.  $3,357
  • Discounted 5yr green investor construction rate++
  • Interest only during construction period
  • No monthly or ongoing fees
Do I Qualify?

Solar Construction Investor

Borrow up to 80% LVR at a discounted rate~
6.44% p.a. 6.41% p.a.  $3,357
  • Discounted 5 year solar investor construction rate~
  • Interest only during construction period
  • No monthly or ongoing fees
Do I Qualify?

Construction Investor

Borrow up to 80% LVR
6.79% p.a. 6.57% p.a.  $3,467
  • Build or renovate your dream home
  • Interest only during construction period
  • No monthly or ongoing fees
Do I Qualify?
2024 WeMoney - Best Value for Refinance 2023 WeMoney - Best for Value (Variable) 2024 Mozo - Expert's Choice for Best Green Home Loan Gold Award - Best Green Home Loan 2022 WeMoney - Outstanding Customer Service
Our home loan products are recognised & awarded by the Australian financial industry

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Why build with loans.com.au?

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Competitive rates

Being an online lender means fewer costs for us which means great rates for you.

Australian based (why choose us - Hub pages) image

Australian based

Rely on the support of our Australian-based team when you need to talk things through.

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Flexible options

We have a full range of loan features with weekly, fortnightly or monthly repayment options.

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Quick decision

Apply online or chat to one of our specialists for a quick decision and easy application.

Get ahead with the right home loan

Get a pre-approval decision quickly.

Real-life customer stories

View all
Slide 1

Katrine

Meet Katrine, a fantastic customer of ours who came to us when she wanted to finance an investment property with her partner through their new SMSF.

  • Setting up the SMSF was a mission as we had to do it quite quickly, and we had bought an off-the-plan property and had to change the entity name, etc.

  • loans.com.au did everything to make things happen as quickly as possible and made sure I was very prepared with all the documentation.

Slide 1

Mardy

Meet Mardy, one of our customers who is using his offset sub-account to take years off his home loan.

  • I always wanted to own my house when I can afford it. Whilst studying at university, I have been working and saving for the downpayment of my first home.

  • After evaluating the loan offers and terms offered by a number of banks, I decided to proceed with loans.com.au. Since then, I have purchased two additional investment properties in 2019 and 2021. I bought vacant lands for these two investments and built houses using the Construction Loan package of loans.com.au.

Our construction loan application process

1
Apply Online

Apply Online

Complete your application through our online platform.

Apply Online
2
Upload & Track

Upload & Track

Submit your documents and monitor your application in real time via our onTrack portal.

3
Speak to our Specialist

Speak to our Specialist

Our lending specialists will guide you through the process and help secure your pre-approval.

4
Approval & Signing

Approval & Signing

Review and sign your mortgage documents securely via onTrack.

5
Settlement

Settlement

We'll guide you through the drawdown process for your construction loan, with progress payments made to your builder at each stage of construction.

6
Manage Your Loan

Manage Your Loan

You'll receive your login details to manage your repayments and account details via our Smart Money app.

7
How Your Construction Loan Works

How Your Construction Loan Works

As each stage of construction is completed, we'll arrange a progress inspection. Progress payments are then made directly to your builder for each stage of completed construction:

  1. Deposit - initial payment to builder, includes payment for council approved plans and building permit.

  2. Base - the land is prepared, foundation is laid.

  3. Frame - completion and approval of house frame.

  4. Lockup - completion of external walls, windows, external doors and roofing so that the property is lockable.

  5. Fixing - completion of internal fit-out, including fixtures, fittings, electrical work, plumbing, internal walls.

  6. Practical completion - remaining work completed, inspections passed, and property ready for handover. Final payment made to builder.

Common construction loan questions

After the construction is complete, you have the option to add a 100% offset sub-account to your loan. Many people choose to do this to help pay their home loan faster and save thousands on interest payments. Our offset sub-accounts can be accessed online, and come with a fully-functional Visa debit card and unlimited free redraws. More information on adding an offset here.

We can provide approval for applicants in as little as 2-3 days, pending the customer's individual circumstances and all correct documentation has been provided. It's important to note that this is not a 'one size fits all' number, and the approval time will depend on each individual applicant's circumstances.

We'd always advise our customers to have the right documentation ready at application stage, so you can move forward with your application as quickly as possible. For more information for documents required for a build:
What documents do I need to buy or build a home in Australia?

You can get your dream home at a low rate because we don't have to pay for branches or broker commissions and have innovative technology processes, which means we pass our savings directly on to you.

A property report is helpful if you’re looking to build a property as it can help determine the right area to build in.

Our property reports provide information such as properties sold in the area, market comparison, median sale prices in the area and suburb insights.

Yes, you may be eligible for our construction loan if you are completing extensive renovations to your existing property.

Simply fill out your application online by entering some of your details here

After your application is complete, use our app onTrack on your desktop or device to add your documents such as payslips, and details of your existing loan.

In the onTrack app, you can track the progress of your application. For more information for documents required for a construction loan:
What documents do I need to buy or build a home in Australia?

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.

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 comparison rate identifies the true cost of a loan. The reason the comparison rate is lower than the standard rate is because the loan will begin on a higher interest rate due to being construction and on interest only repayments. Once the construction period and interest only repayment period is complete, the loan will revert to a standard variable, principal and interest rate, which will likely be lower than the construction interest only rate.

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

Guide to building an investment property

From information on our easy steps to apply for a home loan, to advice on pre-approvals and buying a home, you can find it here.

Get ahead with the right home loan

Get a pre-approval decision quickly.

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