Australia's Construction Loan Comparison
Know the real cost of
building your home.
Construction loans are nothing like standard mortgages. We break down every cost — stamp duty, LMI, interest during the build, inspection fees — and compare 30+ lenders side by side.
Free · No credit check · Data from Open Banking (CDR) APIs
Construction Loan Calculators
Australia's only calculators built specifically for construction loans — not recycled mortgage tools.
Total Cost of Building
Land + stamp duty + LMI + interest during build + fees. The complete picture.
Interest During Build
How much you'll pay in interest while the house is being built (6-15 months).
Repayment Calculator
Monthly P&I repayments once your build is complete and loan converts.
Stamp Duty (Land)
Stamp duty on your land purchase, by state, with FHB concessions.
LMI Calculator
Lender's Mortgage Insurance cost if your deposit is less than 20%.
Borrowing Power
How much a bank will lend you, with construction-specific adjustments.
How Construction Loans Work
They're fundamentally different from standard mortgages. Here's what most banks don't tell you.
Foundation poured. First drawdown released after inspection.
Walls and roof structure complete. Second drawdown.
Roof, windows, external doors installed. Third drawdown.
Kitchen, bathrooms, flooring done. Fourth drawdown.
Final touches, landscaping, handover. Final drawdown.
Compare Lenders
Indicative rates from Open Banking (CDR) data — updated weekly.
| Lender | Variable Rate | Max LVR | |
|---|---|---|---|
| ING | 6.14% | 90% | View → |
| Macquarie | 6.19% | 90% | View → |
| Bankwest | 6.24% | 90% | View → |
| Adelaide Bank | 6.29% | 90% | View → |
| Beyond Bank | 6.34% | 90% | View → |
| Suncorp | 6.39% | 95% | View → |
Rates sourced from Consumer Data Right (Open Banking) APIs. Indicative only — final rate subject to lender assessment and your individual circumstances.
Free Broker Consultation
Ready to find the right construction loan?
Our network of specialist construction loan brokers compares 30+ lenders on your behalf — finding the lowest rate your profile qualifies for.
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Construction Loan Guides
Plain-English explanations of complex construction finance concepts.
How Construction Loans Work
The complete guide — drawdowns, interest, LVR, approval process.
PopularProgress Drawdowns Explained
What happens at each of the 5 construction stages and when your lender releases funds.
With calculatorInterest During Build Guide
How much you pay in interest before you even move in — and how to reduce it.
LVR for Construction Loans
How LVR is calculated differently for construction vs standard mortgages.
7 Steps to Get Approved
The exact process from builder quote to settlement — step by step.
Construction Loan vs Home Loan
Five key differences that could cost you thousands if you don't know them.