Construction Loan

Construction Loan

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A standard home loan makes the entire loan amount available in a single lump sum, whereas a construction loan allows borrowers to draw on the loan balance when payments to the builder are due.

How can I apply for a construction loan?

Once you’ve decided on a registered builder, your lending institution will request a collection of documentation. This comprises city plans and permits, insurance provisions, and a copy of your fixed-price contract, which includes a Progressive Payment Schedule.

Banks will approve your loan if your documentation is in order and you match the standard lending conditions. However, keep in mind that each progressive drawdown includes additional conditions.

Construction Loan Process

Your lender will inspect the property and want a few final documents for a final value before making the final progress payment to your builder. Once the final payment is paid, your loan will be converted to the conventional house loan or loan package that you have chosen.


Got questions? Find answers to some of the most commonly asked questions about our financial solutions, processes, and services to help you make informed decisions.

What is Lender’s Mortgage Insurance (LMI)?
How can making extra repayments benefit me?
What is Stamp Duty?
Which loans have a redraw option?


Discover how we’ve helped our clients navigate their financial journeys with personalized solutions. Read their stories of success and empowerment below.


At Reliiance Financial Solutions, we have been privileged to have worked with hundreds of remarkable individuals and families.

Very few things come close to receiving their genuine appreciation of our services. All we can say in return is – the pleasure was all ours.

It is also our pleasure to share some client testimonials with you. Please click on Video Testimonials to view them all. Use the buttons at the bottom of the screen to navigate through the videos.

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