Absolut Financial

Construction Loans

Are you looking to source a loan for an upcoming construction project? Let the experts at Absolut find a construction loan to suit your needs. We’ll guide you every step of the way.

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Features of a Construction Loan

Flexible Payment Schedule

Progress payments aligned with the construction schedule.


Construction loans are usually secured by the property being built or renovated.

Loan Term

Usually short-term loans to align with the length of the construction project. Will often convert to a traditional home loan on completion.

Higher Interest Rates

High due to risks associated with construction.


Often staggered as the construction project progresses.

Progress Report

The lender may want to conduct regular inspections to check on the construction project’s progress.

Construction Loans To Help Fund A Building Project

What’s the purpose of a construction loan?
A construction loan provides funding for the construction process, typically paid out in installments as different stages of the construction are completed. Construction loans are usually short-term loans with higher interest rates than traditional home loans, and they may require you to make interest-only payments during the construction phase. The loan covers the costs of building materials, labour, and other expenses associated with the construction process that you would not necessarily be able to pay with your own funds. The terms and conditions of the loan are designed to reflect the unique risks and requirements of the construction process. And that’s where we at Absolut can help with the process to ensure you get a construction loan tailored to your needs.
Who can get a construction loan?
Anybody who wants to build or renovate a property can apply for a construction loan, whether you’re a builder, property developer, or just want to build your own home. However, you’ll need to meet stringent eligibility criteria:
  • Good credit
  • A large deposit (often 20% of the construction project)
  • Provide building plans and permits as well as an appraisal
  • Proof of a licensed builder or contractor who is going to do the work
At Absolut, we can unpack various lenders’ eligibility requirements to determine which construction loan is right for you. 

Let Us Help You Make Well-Informed Decisions

A trusted brand
At Absolut, we’re immensely proud of our record of helping clients source the funds for their dream construction projects, whether you’re building your own home or investing. Let us guide you along the process as we help you navigate the complex construction loan landscape, compare your options, and ultimately get approval for a loan to help those construction dreams become a reality. When your financial well-being is at stake in a high-cost construction project, you must have somebody on your side to explain all the intricacies of progress payments, fixed-price building contracts, and how the principal and interest repayments affect balance in a construction loan. Trust us to demystify everything for you.
A holistic service
We pride ourselves on offering a holistic, personalised service. From the beginning of our journey together, we prioritise listening to your construction loan needs and scouring the market for a loan that suits your needs. What’s more, throughout the end-to-end service, from exploring options to completing your application, we practice complete transparency as we think it’s important you know all the intricacies of the loan application process and the terms and conditions before you commit. A construction loan can be the start of a new journey toward a better financial future, but you should be completely aware of the risks involved, too.

Leverage our experience to make applying for a construction loan a breeze.

Let the expert professionals at Absolut guide you through every step of the process to get your construction loan approved.

Why Absolut?

Why trust us with your construction loan application?

Personalised Service

We’re on hand at any time with a personal point of contact to offer help and guidance.

Approval Rates

98% loan approval rate.

Knowledge Source

We know you don’t have the time and resources to research everything, so we take the time to explain everything.

Construction Loan Expertise

We’ll bring our vast experience helping clients just like you to the table.


Consistently recognised by the Australian Brokerage Awards.

Easy Applications

With our help, we take the stress out of the application process.


Here's what our clients have to say about their experience with Absolut Financial

Awesome stuff

Kristian and the team at Absolut Financial were fantastic in helping us get our finance for our property. We were knocked back at the last minute by a bank and Kristian was able to secure a lender, with excellent rates and had approval within 2 weeks! Highly recommend Absolut Financial.

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Lindsay Stewart

Professionalism, Responsiveness

Kristian did my Finance here for my first home. He held my hand through the whole process and made everything seem easy! I felt as though he gave be a better rate with the best customer service then other brokers I first had dealings with. Highly recommend Absolut Financial!

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Jason Barbara


Absolut team are well structured and has multiple staff members who assist in financial planning, Investing & property advice. My experience with Kristian was excellent. He went over and above with refinancing my loan with lowest interest rate. Couldn’t be more satisfied with the outcome.

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Quality, Value

I'd like to thank Sabby Bhatia who has been involved in the process of getting me into my new home. This has been a seamless, pleasant and positive experience which I attribute to him. I truly appreciate all of the work put in by him in making this happen for me!

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Talwinder Singh Dhaliwal

Frequently Asked Questions on SMSF Loans

What is a construction loan, and how does it work?
A construction loan is a short-term loan used to finance the construction of a new property or renovate an existing property. It’s different from a traditional home loan because you get it in stages as different phases of the construction process are completed, meaning you only pay interest on the amount drawn down.
What are the benefits of a construction loan compared to other types of financing?
One of the primary benefits of a construction loan is its flexibility in terms of the payment schedule and loan amount. Construction loans are typically short-term loans with flexible payment schedules that are based on the construction timeline.
What are the eligibility requirements for a construction loan?
There’s no one set of lending criteria for a construction loan. However, standard requirements may include a good credit history, a deposit on the loan, income verification, building plans and permits, and the use of a licensed builder or contractor.
What types of construction projects can be financed with a construction loan?
You can use construction loans to finance various construction projects, including single-family homes, multi-family homes, commercial properties, and industrial properties.
How long does the construction loan approval process take?
The construction loan approval process can vary depending on the lender and the project’s complexity. Generally, the process involves an application, credit check, and review of building plans and permits. The lender may also require an appraisal of the property being built or renovated. As part of our service, we can offer estimates on how long your specific process is likely to take.