Construction loans
How construction lending works and what lenders need before funds are released.
Overview
Construction loans are usually paid in stages as building progresses, and lenders typically need plans, a fixed-price contract and approvals first. We help you line up your build and your finance early.
Who this may suit
- Owners building a new home on land they hold
- Buyers purchasing land to build on
- Owners planning a major extension or renovation
- People who want guidance on construction lending steps
Common eligibility considerations
Lenders set their own criteria. Common considerations:
- Income and ability to service the loan during and after construction
- Land ownership and title type
- A builder’s contract, plans and cost estimates
- Required building and council approvals
- Deposit, equity and any contingency funds
Documents that may be requested
Varies by lender — we’ll confirm what applies to you.
- Photo identification and proof of income
- Land title documents
- Building contract, plans and specifications
- Builder details and quotations
- Relevant approvals and permits
Lenders make their own credit decisions. An enquiry does not guarantee approval, and estimates are a guide only.
Talk to Asigau
Tell us your plans — we’ll explain your options.
Pre-assessment PGK 3,190 · Agreement review PGK 5,000 + GST
Pay pre-assessment Pay agreement reviewSee all services & fees
- No obligation to proceed
- Clear explanation of next steps
- Confidential handling of your information
One form for every question
Book a consultation
Bookings, LoanCare, fees, conveyancing, workshops or a general question: tell us what you need and a broker will confirm a time with you.
