Thinking of building or renovating? Found a builder or are you an owner builder?
Have you chosen a pre-designed house and land package or found an architect to create something unique designed to your tastes?
Let us find you the right lending solution for your construction project.
Your benefits with a Construction Loan
|Construction loan allows you to draw money by Progress Payments whilst building, instead of drawing all funds at once. Your loan will be paid out in stages during different phases of your land purchase and house construction.|
|This loan usually is interest only for the period of building and then becomes Principal and Interest once building is completed.|
|Construction loans are ideal if you want to finance a construction project and you need a flexible payment facility as you only pay interest on the amount actually drawn.|
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