Construction Loan

How a Construction Loan Works

Building finance pays your builder in stages as the home goes up, so you only pay interest on the money drawn down. That is very different from a standard home loan.

We compare building loan options from 50+ lenders for knockdown-rebuilds, house-and-land packages and custom builds, and we manage progress payments with your builder and lender.

Planning to build? Get pre-approved before you sign your building contract.

construction loan consultation with Kickstart Finance Group

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Construction Loans Made Simple

Build your dream home with flexible progress payments, competitive rates, and end-to-end support from Kickstart Finance Group.

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Construction Loan Kickstart Finance Group

How Construction Loans Work

Construction loans release funds in stages known as progress payments. We guide you through each step so payments flow smoothly and your build stays on schedule.

  • Slab Stage
  • Frame Stage
  • Lock-Up Stage
  • Fixing Stage
  • Practical Completion

Why Choose Kickstart Finance Group

  • Specialist construction loan lenders
  • Single & split contract options
  • Owner-builder finance available
  • Land + build packages
  • Low-deposit solutions
  • Guidance through valuations & progress draws
  • Support for first-home builders

Types of Construction Loans We Can Help With

  • Land + Build Packages
  • Knockdown & Rebuild
  • Duplex / Dual Occupancy
  • Owner-Builder Loans
  • Investment Property Construction
  • Renovation & Extension Loans
  • Variable & Fixed Construction Options

Construction Loan Process

  1. Pre-Approval – We assess borrowing capacity & secure lender approval.
  2. Land or Property Selection – Secure land or demolition approval.
  3. Builder Contract Review – We check the build contract & terms.
  4. Valuation & Loan Approval – Bank values land + proposed build.
  5. Progress Payments – Funds released in stages as construction progresses.
  6. Final Inspection & Handover – Loan converts to standard home loan.

Construction Loan FAQs

How is interest charged?

You only pay interest on the amount drawn, not the full loan.

Can I use a low deposit?

Yes — some lenders accept 5–10% deposits or government schemes.

Can I build as an owner-builder?

Yes, but conditions apply. We guide you through each requirement.

Do I need council approval?

Yes — lenders release funds only after approvals are complete.

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Get expert support, sharp rates, and smooth approvals for your construction loan.

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Frequently asked questions

Instead of receiving the full amount at once, the lender pays your builder in stages (progress payments) as the build reaches milestones such as slab, frame, lock-up and completion. You only pay interest on the amount drawn so far.

Usually a signed fixed-price building contract, council-approved plans and specifications, the builder’s insurance details and the usual income and ID documents. We’ll give you a checklist up front.

Yes. Many lenders offer a land and construction package, where the land is settled first and the build is then funded in stages.

Many lenders allow interest-only repayments during construction, switching to principal and interest once the home is complete.

It’s harder, as fewer lenders accept owner-builder projects, but specialist options exist. Tell us about your project and we’ll find lenders that fit.

Get your free construction loan assessment

Tell us what you need and we’ll compare 50+ lenders for you. No cost, no obligation. Prefer to talk? Call 0422 905 666.

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