If you’re building or renovating your home, a construction home loan is a feature that is available to help you manage the payments to your builder. It’s available for both our Basic and Offset Home Loans.
Once your new construction home loan has settled, we’ll make progress payments to your builder at each stage of construction.
A one-off construction administration fee of $1,500 applies at settlement, which covers progress inspection costs and progress payments during the construction period.
- Construction loans are not available for owner builders.
- Payments by cheque or cash are not available.