Construction loans
Whether you’re building from scratch, renovating, or knocking down and rebuilding — we help you secure the right loan, with expert support from planning to completion.
What is a construction loan?
Construction loans are tailored to finance your building project, disbursed in stages as work progresses. Our expert brokers guide you through each step, ensuring a smooth transition from pre-approval to completion.
Paid out in stages, not as a lump sum.
Often interest-only during construction, switching to principal & interest after
Valuations and approvals happen at each stage of the build
Stages of your construction loan
Navigating the construction loan process can be complex, but kredi is here to guide you every step of the way. From pre-approval to completion, we ensure you understand each stage of your loan.
Deposit stage
Finance approved before construction begins.
Once your loan is formally approved, a deposit is typically paid to your builder to secure the build contract and finalise permits.
Slab stage
After the slab or base of your home is poured, the lender releases the first portion of your loan. You’ll only pay interest on what’s been drawn.
Frame stage
Once the timber or steel framing is complete — including roofing supports — the next progress payment is made to your builder.
Lock-up stage
This stage secures the structure from the outside, allowing interior work to begin. Another portion of the loan is drawn down.
Completion stage
After construction finishes and the final inspection is complete, the last payment is made. Your loan then moves to the agreed repayment structure (e.g. principal & interest).
Want to build with more confidence?
Everything you need to know about construction loans.
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Speak to a construction expert
Our specialists are here to guide you through every step of your construction loan journey.