Construction loan

Available as part of our 100% offset loan, our construction finance is designed to ease the stress involved with building a new home.

Find your local BDM Contact Partner Assist

Key features

1

Variable rate with 100% offset
2

Your choice of Principal and Interest or Interest only with no rate loading
3

Up to 90% Loan to Valuation Ratio for both land and construction purchases
4

First Home Owners Grant (FHOG) available at land settlement⁴
5

Advanced notification of your new repayments with each draw down
6

Valuer inspections are required at Frame and Completion stage only⁵

Helpful tools

Construction loan fact sheet

Construction and vacant land loan

Construction progress payment guide

Construction progress payment schedule

We're here to help

Find your local BDM

Our BDMs are ready and waiting to help you.

Call Partner Assist

Get help with loan scenarios, lending policy, procedures and more. Available Monday to Friday between 8:30am and 5pm (CST).

Things you should know

⁴Lending criteria, exclusions, fees and charges will apply.

⁵For new constructions located in the same State as the client. Renovations or improvements require Valuer inspections for each claim.

Bendigo and Adelaide Bank acknowledges Aboriginal and Torres Strait Islander peoples as the First Peoples of this nation and the Traditional Custodians of the land where we live, learn and work. We pay our respects to Elders past and present as it is their knowledge and experience that holds the key to the success of future generations.

This website is for broker use only and any advice provided is of a general nature only. Information on this page can change without notice to you.
Credit provided by Bendigo and Adelaide Bank Limited ABN 11 068 049 178 AFSL / Australian Credit Licence 237879. GPO Box 1048, Adelaide SA 5001. Terms conditions and lending criteria apply.

© Copyright 2024 Adelaide Bank a division of Bendigo and Adelaide Bank Limited.