Location: /Finance Mortgages & Loans/Home and Investment Loans/Construction or Development Loans

You can select from Variable or Fixed rate loans to facilitate the construction of your new home or investment property.

These loans are set up as a standard loan with the provision that payments are made to the builder/developers at various stages of completion (progress payments).

During construction you are generally required to meet the interest only componant of the amounts advanced. Once the construction is completed the loan is fully drawn down it reverts to a principal and interest facility.