CONSTRUCTION LOANS
Build Your New Home
With The Right Finance
Whether you’re building a new home from the ground up or planning a major construction project, Loan Masters can help you understand your construction finance options, compare suitable lenders, and navigate the lending process with greater clarity.
HOME LOANS
Home Loans Made Simple
Whether you’re buying your first home, upgrading, investing or looking to refinancing Loan Masters helps you compare suitable home loan options from multiple lenders and find a solution that fits your goal.
7+
Years Experience
100+
Clients Served
Access to
Multiple Lenders
CONSTRUCTION FINANCE
Construction Loan Solutions For Different Building Plans
Every build is different. We help you explore suitable finance options based on your project, financial position and borrowing needs.
Build A New Home
Explore construction loan options for building a new residential property on your land.
Learn More
House & Land Packages
Understand finance options that may apply when purchasing land and building a new home as part of the same project.
Learn More
Major Renovations
Depending on the scope of the project and lender requirements, construction-style finance may be available for significant renovations or extensions.
Learn More
Investment Property Construction
Explore lending options when constructing a property intended to be held as an investment.
Learn More
WHY CHOOSE LOAN MASTERS
Construction Finance Made Easier To Understand
Construction lending works differently from a standard home loan. Funds may be released in stages as the building progresses, and lenders can require specific contracts, valuations and project documentation before each stage.
Loan Masters helps you understand the process, compare suitable options and work through the lending requirements with greater clarity.
Understand The Loan Structure
Get clear guidance on how construction lending may work throughout different stages of your build.
Compare Multiple Lenders
Explore suitable construction finance options from multiple lenders based on your circumstances.
Documentation Support
We help you understand the documents and information lenders may require during the application process.
Support Through The Build
We help you navigate lender communication and understand the next steps as your construction finance progresses.
“Clear guidance. Suitable options. A simpler lending process.”
– Loan Masters
BEFORE YOU BUILD
What Should You Consider Before Applying
For A Construction Loan?
Before applying for construction finance, it’s important to consider your building contract, available deposit or equity, total project costs, and expected construction timeline. Understanding these factors early can help you prepare for lender requirements and choose a loan structure that suits your build.
Your Building Contract
Lenders may require a signed building contract containing details about the project, builder and construction costs.
Your Contribution
Your available deposit or equity can influence your loan structure and available finance options.
Project Costs
Consider the full cost of the project, including construction, land where applicable, professional fees and possible additional expenses.
Your Build Timeline
Construction loans can involve staged payments throughout the build, so understanding your expected construction timeline is important.
A SIMPLE CONSTRUCTION LOAN PROCESS
Your Construction Loan Journey
We help make construction finance easier to understand, from reviewing your building plans through to application, progress payments and completion.
Understand Your Project
We start by understanding your plans, construction costs, financial position and borrowing requirements.
Explore Suitable Finance
Loan Masters helps compare suitable construction loan options from multiple lenders.
Provide Your Documents
We help you understand and organise the information lenders may require, such as financial documents, building contracts and project details.
Move Through Construction
Once approved, the lender may release funds progressively as construction reaches agreed stages, subject to lender requirements.
CONSTRUCTION LOAN FAQs
Construction Loan Questions, Answered
Here are some common questions about home loan refinancing. If you can't find what you're looking for, feel free to get in touch.
How does a construction loan work?
Construction loans can operate differently from standard home loans. Instead of all funds being released at once, approved funds may be released progressively as agreed stages of construction are completed.
What are progress payments?
Progress payments are staged payments made during construction as certain milestones are completed. The exact process depends on the building contract and lender requirements.
What documents might I need?
Requirements vary, but lenders may request identification, income and financial information, building plans, a signed building contract, cost estimates and details about the property or land.
Can I use equity toward a construction loan?
Depending on your circumstances, available property equity may form part of your construction finance strategy, subject to lender assessment.
Can construction finance cover major renovations?
Some lenders may offer construction-style finance for substantial renovations or extensions, depending on the scope of work and individual circumstances.
Can Loan Masters compare construction loans from different lenders?
Yes. Loan Masters can help you explore suitable construction finance options from multiple lenders based on your project and financial position.
Testimonial
Trusted by Clients
Helping borrowers navigate their property journey with clearer guidance and support.
Had an awesome experience refinancing with Loan Masters! They got me the best rate from a top bank, and the whole process was super easy and smooth. Huge shoutout to Nav for being super professional, helpful, and always quick to answer my questions. Definitely recommend Loan Masters if you’re looking to refinance or get a great deal!
Loan masters was Fantastic to deal with. Very good product knowledge and professional service. They helped me get a loan when other places said no. Would highly recommend them.
Great experience, very smooth conversation and to the point solution. Lovely down to earth personality thanks Navjot always felt we are in safe hands. All the 👌 best
Explore Further
Looking For a Different Loan Type?
We help make the home loan process easier to understand from your first conversation through to settlement.
PLANNING TO BUILD?
Let’s Discuss Your Construction Finance Options
Speak with Loan Masters about your building plans, borrowing position and suitable construction loan options.
READY TO GET STARTED
Let's Find the Right Home Loan for You
Book a free, no-obligation appointment with our expert mortgage brokers today.
Copyright 2026. Melbourne, Australia. All rights reserved. NH & SS Randhawa Pty Ltd T.A Loan Masters, Australian Credit Licence: 536549