Construction Loans

A construction loan doesn't settle in one lump sum — it releases in stages as the build reaches agreed milestones.

Because funds are drawn progressively, interest is generally charged only on the amount drawn so far. That changes how repayments behave during the build compared with a standard loan.

Typical progress stages

Deposit / slab
Frame
Lock-up
Fit-out
Practical completion

Things to plan for

Rent or existing repayments continuing while the build is underway
Variations to the build contract and how they are funded
Valuation on completion, and what happens if it comes in under expectation

Repayments

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The information provided on this website is general information only and does not take into account your objectives, financial situation or needs. Calculator results are estimates only and should not be relied upon as an offer or approval of credit. Lending criteria, fees, charges, interest rates and eligibility requirements may vary between lenders. Before making a decision, consider whether the information is appropriate for your circumstances and obtain professional advice where appropriate.