Construction Loans
Fund your new build, upgrade or renovation with a Construction Loan organised by a Finance & Mortgage Broker at The Funding Agency
Rated 5 from 134 Reviews
Rated 5 from 134 Reviews
Building your dream home or undertaking a major renovation is an exciting journey, and understanding the right financial options can make the process smoother. At The Funding Agency, we specialise in providing access to Construction Loan options from banks and lenders across Australia, tailored to meet your unique needs. Whether you’re planning to demolish an existing property for a new build or buying off the plan, our services ensure you have the financial support needed at every step.
When applying for a loan, it’s crucial to consider the interest rate and loan amount that suit your budget and project scope. Construction Loans differ from regular home loans as they are typically structured around progressive drawdowns. This means you only charge interest on the amount drawn down, which can ease cash flow during construction. Our streamlined application process helps you secure the funds necessary for various stages of the project, ensuring you can pay subcontractors like plumbers and electricians promptly.
The process involves several key stages, including ‘as if complete’ valuations and council plans and permits. We understand the importance of adhering to council regulations and ensuring your development application is thorough, especially when dealing with council restrictions on suitable land. Our experts can guide you through understanding Out of Contract Items not included in your Progressive Payment Schedule, ensuring there are no surprises in your financial planning.
The Progressive Drawing Fee is another aspect to be aware of when considering a Construction Loan. As construction progresses, instalments are released based on construction milestones. These progress payments help manage cash flow effectively without overextending your finances. For those interested in interest-only repayment options during the build, we provide advice on managing payments efficiently until the project is complete. This can be particularly beneficial for major home renovations or when commencing building within a set period from the Disclosure Date.
We also assist in making a plan that fits your ideal location and price range. Our expertise includes ensuring all necessary permits and council plans are in place before breaking ground. Moreover, understanding how additional payments may arise during construction will help you maintain budgetary control. Our focus is on helping you achieve your vision, whether it’s a new build or home improvement loan needs.
To ensure a successful build or renovation, it’s vital to engage a registered builder who can manage progress payments and ensure quality work throughout the various stages of the project. Having support from a financial broker like The Funding Agency means you’re never alone in this journey; we’re here to provide clarity and assistance at every step.
The Funding Agency is committed to making your construction dreams a reality. With our expertise, you can confidently embark on your building project knowing you have access to comprehensive Construction Loan options from banks and lenders across Australia. Our team is ready to assist you with applying for a loan that aligns with your goals and circumstances. Contact us today to discuss how we can support you in bringing your ideal home to life in Melbourne, Victoria, or wherever your dream location may be across Australia.
Start with a conversation with one of our expert Finance & Mortgage Brokers. We take the time to understand your financial goals and objectives. The broker will look to gain an understanding of your short term and long term plans.
To get started, we’ll request key information and documents such as income statements, bank records, and identification. Our team will guide you through the required paperwork to ensure a smooth process.
We conduct a thorough review of your financial situation like how a bank would. We assess your income, assets, liabilities, spending history and credit history. Based on this, we design a finance plan tailored to your needs, ensuring you maximise your borrowing potential and secure the most suitable loan structure. We will work with you to present the best possible options and discuss how your financial position impacts these options.
Once everything is in place and we have all relevant information and signed application documents, we will submit your loan application to the selected lender. We manage the process end-to-end, liaising with the bank or funder to ensure a seamless experience. We will keep you up to date with emails throughout the journey.
Once your loan is approved, we’ll guide you through the formal documentation process and the relevant steps towards settlement!
As settlement approaches, we coordinate with all relevant parties—your lender, solicitor, and other important parties—to ensure a smooth transaction. Once your loan is settled we will complete relevant checks to ensure that everything has been set up correctly (with your help)
Our relationship doesn’t end at settlement. We provide ongoing support through our **Customer Care Program**, helping you manage repayments, review interest rates, and explore refinancing or investment opportunities as your needs evolve.
AB
Alex Bogart King
I've done 5 or 6 refinances now through Dean and Bobby, easily the best in the business. If you're frustrated with the banks, go and see these guys... They are masters at navigating bank world and figuring out what's most suitable for you.
TM
Tayla McHale
Dean and the team were simply amazing. I approached Dean as I was looking to purchase my first home and had absolutely no knowledge of the process. Dean was very patient and made everything very easy to understand in turn making the process ...
OW
Oshani Withanage
Bobby and the team were extremely helpful, professional and accommodating in assisting me purchase my first home. Having them do all the heavy lifting made it a seamless experience for me which I’m grateful for. Would definitely recommend to all friends and family!
We provide a range of funding solutions, including development finance, residential and commercial property loans, business loans, and asset finance.
Yes, we provide private lending solutions for borrowers who may not meet traditional bank criteria, as well as tailored development finance for residential and commercial projects.
The timeline varies depending on the complexity of your application. Some loans can be approved within 24-48 hours, while larger or more complex funding may take longer
Interest rates and fees vary based on the loan type, risk assessment, and market conditions. Contact us for a personalised quote.
Eligibility depends on the type of funding you need. We assess factors such as financial history, creditworthiness, income, and project feasibility.
Yes, we offer pre-approvals to help you understand your borrowing capacity before committing to a loan.
Yes, early repayments are allowed on most loans, but some may have exit fees or break costs. We will outline any applicable fees upfront.
Typically, you’ll need identification, financial statements, tax returns, business plans (if applicable), and details about the asset or project you’re funding.
Yes, we assess applications holistically. While credit history is a factor, we also consider business performance, cash flow, and collateral.
You can start by filling out our online application form, calling our team, or booking a consultation to discuss your funding needs.
The Trustee for M2 FINANCIAL UNIT TRUST ABN: 82 394 905 612. Credit Representative #560421 is authorised under Australian Credit License #383640.
Disclaimer: This page provides general information only and has been prepared without taking into account your objectives, financial situation or needs. We recommend that you consider whether it is appropriate for your circumstances and your full financial situation will need to be reviewed prior to acceptance of any offer or product. It does not constitute legal, tax or financial advice and you should always seek professional advice in relation to your individual circumstances.
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