How Construction & Renovation Loans Work
Unlike traditional home loans, construction and renovation loans are released in stages, known as progress payments. Funds are drawn down at key milestones throughout the build, such as slab, frame, lock-up, and completion.
We guide you through:
- How progress payments are structured
- What inspections are required at each stage
- How and when funds are released
- Interest and repayment considerations during construction
Our team ensures you fully understand the process before construction begins, helping you avoid surprises and delays.
Planning for
Your Future
We don’t just look at the build — we consider what comes next. Whether your plan is to live in the property long-term, upgrade later, or turn it into an investment, we help structure your loan with flexibility for the future.
Our Construction & Renovation Loan Solutions
New Home Construction Loans
Finance for building a new home from the ground up, including land purchase, building costs, labour, and materials. We help structure your loan to align with your construction schedule and cash flow needs.
Renovation & Extension Loans
Funding for renovations, extensions, and upgrades to your existing property. Whether it’s a minor renovation or a major transformation, we help assess borrowing capacity and structure suitable funding.
Knock-Down Rebuild Loans
Specialised lending solutions for clients replacing an existing home with a new build on the same site. We assist with structuring loans to cover demolition and construction stages.
“As first home buyers, we felt overwhelmed at the start, but Plum Home Loan made everything clear and easy to understand. They guided us through pre-approval, explained every option patiently, and supported us right through to settlement. We couldn’t have asked for better advice or service.”
“Plum Home Loan reviewed our existing loan and helped us refinance to a much better structure. The process was smooth, transparent, and stress-free. Their ongoing support and clear communication really set them apart.”
Why Choose Plum Home Loan for Your Build
Construction and renovation lending requires specialist knowledge. We support you by: