A loan that grows with your home!

Building a brand new home or undertaking major renovations is an exciting journey. Just as your builder relies on the right tools to get the job done, choosing the right type of finance—like a construction loan—can be crucial for your project.

There’s plenty to consider when planning a build, and your choice of loan plays a central role. That’s why it’s essential to find the option that best fits your needs.

Unlike a standard home loan, a construction loan allows you to access funds in stages—typically aligned with key construction milestones such as laying the base, completing the frame, roofing, lock-up, interior fit-out, and final handover. Because the loan is drawn down gradually, you’ll only pay interest on the funds you’ve used so far. This means your repayments start off smaller and increase as the build progresses.

We’ll help you understand how a construction loan works and guide you through the process based on your unique situation. That way, you can relax and enjoy the exciting transformation of your new home while we take care of the finance.

With the right loan in place, you can stay focused on building, planning, and eventually living in your dream home!

You can read more in our Building or Renovating guide, available in Tools > Guides on our website.

Have questions? Get in touch—we’re always happy to help.