Building a home or planning a major renovation? Owner builder and construction loans are designed to help you get there.
This is known as making progress payments. It helps to monitor the build and ensure you’re only paying for completed work.
You don't have to make repayments on your full loan amount during construction, which means you could have extra money handy for unexpected expenses or rent to stay somewhere while you're building.
They aren't just great for building a new home – a construction loan can be good for your next major renovation.
2.28%
p.a.
Variable rate
2.31%
p.a.
Comparison rate
A discount off our standard variable rate isn’t the only thing to look forward to. There are less fees to think about with no account maintenance fees or annual fee for the life of the loan. Plus, you can add an optional 100% offset account to help save on interest. 1 Offset Transaction Account must be held in the same name as the loan account. Other exclusions apply.
Rate subject to change. Owner occupied borrowings up to 70% of the property value for principal and interest repayments. Minimum loan size of $20,000. Understand the comparison rate.
Here's how our Complete Home Loan Package could help you reach your construction goals.
Our Home Lending Specialists can help you choose one of our variable rate construction loans. Here’s how they work...
From budgeting your costs to picking the right builder.
Benefits and things to keep in mind to help you decide if building a home is the right move for you.
Find out about your financial options and things you should consider.
It really depends on the size of the project and your budget.
Your construction loan application checklist, whether you’re building from scratch or renovating an existing home.
Get a full breakdown of what happens from the first day of construction to getting the keys to your new home.
Whether you're buying land or a property, check out our home buying guidance for every step.
Your very own Home Lending Specialist will respond within one business day. You can talk on the phone, meet at a branch, or have a Mobile Lending Manager come to you.
