Building Your Dream Home with Expert Construction Finance

Embarking on the construction of your new home or a major renovation project is an exciting venture that demands specialised financing. Unlike standard home loans, Construction Loans feature a unique structure tailored to the build process. Finco Capital brings deep expertise to guide you through this complexity, connecting you with lenders offering progressive drawdowns—meaning you pay interest only on funds released as each stage of construction is completed.

Our experienced team manages every facet, from council approvals through builder contracts, ensuring your financing aligns perfectly with your project timeline, from the first slab to the final handover.

Key Features

Progressive drawdowns with interest charged only on funds used
Interest-only repayments during the construction phase
Finance available for new builds, renovations, and house & land packages
Loans tailored for single homes, duplexes, and major renovations

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Common Questions

How do Construction Loans differ from regular home loans?

Construction Loans release funds progressively—typically staged across slab, framing, lock-up, fixing, and completion phases—based on builder certifications. You are charged interest only on the drawn amount, easing financial strain during construction.

What interest rates can I expect?

Rates are competitive and generally variable, aligned with standard home loan benchmarks. Our lender panel includes experts like Macquarie Bank and La Trobe Financial who offer construction-specific products—interest is only applied to funds drawn.

What can Construction Loans be used for?

Construction Loans can be used for building new single dwellings or duplexes, major renovations and extensions, house & land packages, and knock-down and rebuild projects.

What is the typical LVR and loan size?

Most lenders offer LVRs between 80-95%* for owner-occupiers, with maximum loans up to $25 million, suitable for a wide range of construction scales.

How long does the application process take?

Due to necessary plans, valuations, and contracts, construction loan applications take 4 to 8 weeks on average. Finco Capital's streamlined process minimises delays.

What if my project exceeds budget?

We advise maintaining a 5-10% contingency and help structure your loan to include buffers. Accessing additional funds involves lender reassessment.

The Finco Capital Advantage for Builders

Specialist Knowledge: Deep understanding of construction milestones and lender documentation requirements.
Dedicated Lender Panel: Partnered with lenders experienced in construction financing and progress payments.
End-to-End Support: Guidance throughout planning, approvals, and final payments to your builder.

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Disclaimer

This information is general and does not consider your personal objectives or circumstances. Loan amounts, interest rates, fees, and terms are subject to lender criteria and credit approval. Funding depends on council-approved plans and fixed-price contracts. Lenders may change products and rates without notice. Final terms confirmed after application.