Construction Loans

Finance that keeps pace with your build

Building or renovating runs on progress payments — and so does the loan behind it. Construction loans release funds in stages as work completes, which keeps interest costs down but adds paperwork at every step. We set the loan up correctly at the start and keep the drawdowns moving so your builder is never waiting on the bank.

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Who this is for

Buyers on house-and-land packages
Owners planning a knockdown-rebuild
Homeowners funding a major structural renovation
First home buyers building new to access buyer incentives

The usual sticking points

Construction lending has extra hoops

Lenders want fixed-price building contracts, plans, permits and as-if-complete valuations before approval — and not every lender is good at it.

Progress payments need managing

Each of the typical five build stages triggers an inspection and a drawdown request. Slow processing here means a stalled site.

Cost overruns are common

Variations and provisional sums can push the build beyond the contract price, and the loan doesn't automatically stretch with it.

How Influx helps

What we actually do about it

The right lender for your build type

Lenders differ meaningfully on owner-builders, unusual designs, house-and-land timing and rebuild projects. We match the loan to the project, not the other way around.

A structure with buffer built in

We plan the loan around your full project cost — contract, site costs, variations buffer — so a mid-build surprise doesn't become a funding crisis.

Drawdowns handled for you

We manage progress payment requests and lender inspections at each stage, keeping the money flowing on your builder's schedule.

Step by step

How the process runs

You'll know what's happening at every stage — this is the map.

1

Project review

We look at your plans, contract and budget before anything goes to a lender.
2

Lender & structure selection

The loan is matched to your build type, timeline and deposit position.
3

Approval with valuations

We coordinate the as-if-complete valuation and formal approval.
4

Staged drawdowns

Slab, frame, lock-up, fixing, completion — each payment processed promptly.
5

Conversion at completion

The loan converts to standard repayments; we review the rate at handover.

Worth knowing

Key considerations before you start

Interest is usually charged only on funds drawn, and repayments are often interest-only during the build.
Most lenders require a fixed-price building contract from a registered builder.
Owner-builder projects are financed by far fewer lenders and on stricter terms.
Building new can attract different government incentives than buying established — criteria apply.

The information on this page is general in nature and does not take your personal objectives, financial situation or needs into account. Consider whether the information is appropriate for your circumstances and seek advice before acting on it. Lending criteria, fees and charges apply to all loan products.

FAQs

Construction Loans questions, answered

How do progress payments work?

Your builder invoices at set stages (typically slab, frame, lock-up, fixing and completion). The lender inspects or verifies each stage and pays the builder directly from your loan. You pay interest only on what has been drawn so far.

Can I include the land in the same loan?

Yes — house-and-land packages are commonly funded with a land loan plus construction facility settling together, or as one staged loan. The right setup depends on the developer's timing and the lender.

What if my build goes over budget?

Small overruns are usually covered from savings; larger ones may need a loan increase, which means a new assessment. We build a buffer into the original structure to reduce the chance you need one mid-build.

Do you work with owner-builders?

We can, though lender choice is limited and deposits required are larger. Bring us your plans early and we'll tell you honestly what is financeable.

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