Construction Loans

At Get Approved, we understand the complexities involved in building your dream home or embarking on major home renovations. Our expertise in Construction Loans helps clients across Australia access construction loan options from banks and lenders nationwide. Whether you're looking to demolish an existing property, buy off the plan, or undertake a new build, our streamlined application process simplifies the journey, making it easier for you to focus on creating your ideal home in your chosen location.

When considering a Construction Loan, understanding the various stages of the project is crucial. At Get Approved, we guide you through the entire process, from making a plan to dealing with council regulations and restrictions. Our loans offer interest-only repayment options and are structured around a Progressive Payment Schedule. This means you only pay interest on the amount drawn down, and you can manage your cash flow effectively as you pay sub-contractors like plumbers and electricians. Additionally, our loans accommodate progress payments and the flexibility to commence building within a set period from the Disclosure Date.

For those interested in buying off the plan or undertaking significant developments, an ‘as if complete’ valuation is essential. This valuation considers your finished property's value, ensuring that your loan amount aligns with the project's future worth. Our Construction Loans also cater to additional payments for Out of Contract Items not included in the original agreement. These loans are ideal for managing construction milestones without the stress of unexpected costs.

A unique feature of our Construction Loans is the progressive drawdown facility, which allows for funds to be released in instalments as each stage of construction is completed. This method not only ensures that you have access to necessary funds but also only charge interest on the amount drawn down. This approach is beneficial for home improvement loans and ensures that you can manage payments efficiently while keeping interest costs low. Our experience with Progressive Drawing Fee structures further helps streamline your financial obligations throughout the building process.

Council plans and permits are another aspect where we provide support. Understanding development applications and ensuring compliance with council plans are critical steps in securing a suitable land for your project. Our expertise extends to helping you navigate these requirements so that your project proceeds smoothly without unnecessary delays.

Get Approved is committed to helping you achieve your dream home within your price range by providing tailored Construction Loan solutions. Whether you're dealing with council restrictions or planning to develop on suitable land, our comprehensive approach ensures that every detail is covered.

Let Get Approved be your trusted partner in accessing construction loan options from banks and lenders across Australia. Contact us today to discuss how our Construction Loans can support your building or renovation plans and turn your dream into reality.