Construction loans can be used to provide finance when you are building a house, completing a major renovation or demolishing and rebuilding. It allows you to progressively draw down on the loan in stages, only paying interest on the amount drawn during the construction period.
Product data
The lender's Consumer Data Right data, as collected by Homepedia. Nothing in this part comes from a channel.Rates
| Rate | Comparison* | Applies to | Conditions | Source | Since |
|---|---|---|---|---|---|
| 7.69% | 7.27% | Variable · investment · interest only · LVR 80% or less | Construction | CDR | 1 Nov 2026 |
| 7.89% | 7.56% | Variable · investment · interest only · LVR 80%–90% | Construction | CDR | 1 Nov 2026 |
| 7.59% | 6.99% | Variable · owner occupied · interest only · LVR 80% or less | Construction | CDR | 1 Nov 2026 |
| 7.79% | 7.37% | Variable · owner occupied · interest only · LVR 80%–90% | Construction | CDR | 1 Nov 2026 |
*Comparison rates are calculated on a $150,000 secured loan over a term of 25 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Fees and charges are payable.
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- 1 Nov 2026
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https://prd.pm.productdata.au/05a7dab9-5ad2-42b2-81e9-ed48e05ba21b/adapter/cds-au/v1/banking/products/fmc-construction- Content hash
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Consumer Data Right product dataev_cdr_aab4d12e7cf71ba5_f27ebf0bShow details
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- 1 Nov 2026
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https://prd.pm.productdata.au/05a7dab9-5ad2-42b2-81e9-ed48e05ba21b/adapter/cds-au/v1/banking/products/fmc-construction- Content hash
sha256 aab4d12e7cf71ba535b180028a8966f5d75a230a7829173cbd10f2c658e4bed6- Excerpt
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mapper@0.1.2
Page and PDF snapshots are kept by Homepedia; the hash above identifies the exact version we read. Data as at 1 Nov 2026.
Fees
| Fee | Type | Amount |
|---|---|---|
| Application Fee | Upfront | $0.00 |
| Valuation Fee | Event | Set in your letter of offer |
| Documentation Fee | Event | $300.00 |
| Discharge Administration Fee | Exit | $300.00 |
| Settlement Fee | Event | $300.00 |
| Discharge Documentation Fee | Exit | $250.00 |
| Construction Administration Fee | Event | $120.00 |
| Construction Assessment Progress Fee | Event | $650.00 |
Features and eligibility
| Item | Value | Details |
|---|---|---|
| Extra repayments | Allows borrowers to make additional repayments on the loan to reduce interest and pay off the loan faster. | |
| Eligibility: residency status | Are Australian or New Zealand citizens living and working in either Australia or New Zealand, or are Permanent Residents of Australia living and working in Australia. | |
| Eligibility: min age | 18 | Applicants must be at least 18 years old to apply for this loan. |
| Limit: min limit | 50000.00 | |
| Limit: max limit | 1500000.00 | |
| Limit: other | P15Y | |
| Limit: other | P30Y |
Rate history
| Rate | From | To | Rate p.a. | Comparison |
|---|---|---|---|---|
| Variable · investment · interest only · LVR 80% or less | 1 Nov 2026 | Current | 7.69% | 7.27% |
| Variable · owner occupied · interest only · LVR 80% or less | 1 Nov 2026 | Current | 7.59% | 6.99% |
| Variable · owner occupied · interest only · LVR 80%–90% | 1 Nov 2026 | Current | 7.79% | 7.37% |
| Variable · investment · interest only · LVR 80%–90% | 1 Nov 2026 | Current | 7.89% | 7.56% |
*Comparison rates are calculated on a $150,000 secured loan over a term of 25 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Fees and charges are payable.
Tags
| Tag | Meaning | Effect |
|---|---|---|
purpose:construction | Construction | Left out of the standard home loan table |
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