Construction loans provide the necessary funding to build your dream home or investment property from the ground up. At Intuitive Finance, we offer expert guidance to help you navigate the complexities of construction loans, ensuring you secure the best option for your financial needs.

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What are Construction Loans?

A construction loan is a type of short-term loan specifically designed to finance the construction of a new home or major renovations to an existing property. Unlike traditional home loans, construction loans provide funds in stages as the construction progresses, ensuring that you only pay interest on the funds as they are drawn down. This type of loan offers flexibility and control over the building process, making it an ideal solution for those looking to create their perfect home from the ground up.

Types of Construction Loans

Progressive Drawdown Loans

A progressive drawdown loan is a common type of construction loan where funds are released in stages throughout the construction process. Payments are typically made at key milestones, such as laying the foundation, framing, and completion of the roof. This method ensures that you only pay interest on the funds as they are drawn down, helping to manage your cash flow during the build.

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ADVANTAGES

  • Controlled Budget: Funds are released in stages, helping you manage your budget effectively.
  • Interest-Only Payments: Pay interest only on the funds as they are drawn down.
  • Cash Flow Management: Payments are tied to construction milestones, aiding in cash flow management.

DISADVANTAGES

  • Complex Process: Requires detailed planning and documentation.
  • Variable Rates: Interest rates may vary during the construction period.
  • Higher Initial Costs: May include additional fees and charges compared to standard home loans.

Fixed-Price Contract Loans

A fixed-price contract loan is suitable for those who have a fixed-price contract with their builder. This type of loan provides certainty and control over your budget, as the total cost is agreed upon upfront. Funds are released in stages based on the terms of the contract, ensuring that payments are made according to the progress of the construction.

Discuss Your Options

ADVANTAGES

  • Budget Certainty: Fixed contract price provides certainty over total costs.
  • Structured Payments: Funds are released based on contract terms, ensuring payments align with construction progress.
  • Financial Control: Fixed terms provide greater control over your budget.

DISADVANTAGES

  • Less Flexibility: Fixed terms may offer less flexibility if unexpected costs arise.
  • Complex Process: Requires a detailed and agreed-upon contract with the builder.
  • Potential Higher Costs: Fixed rates might be higher to cover potential risks.

What’s Involved in Obtaining a Loan Through Intuitive Finance?

Initial Meeting

A 1-hour session to establish your financial and lifestyle goals, discuss the fact-finding document, and agree on a timeline for its return.

Fact Finding Submission

We will submit the completed fact-finding document.

Strategy Submission

Within 5 days of receiving the completed fact-finding, a written strategy is submitted to you.

Document Lodgement

Within 2 days of agreeing to proceed, documents are lodged with the institution.

Conditional Approval

Expect conditional approval within 1 to 3 days of lodgement.

Unconditional Approval

Expect unconditional (full) approval within 2 to 4 days after conditional approval.

Loan Documents Arrival

Expect loan documents to arrive within 2 to 5 days after unconditional approval.

Loan Settlement

Expect loan settlement within 3 to 5 days after submitting the signed loan documents.

Complimentary Obligation-Free Consultation

Discuss your specific needs and discover the best financing options for you. Get in touch to
organise your complimentary 60-minute session today!

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Real Feedback from Real Clients

See All Reviews
Dave McgDave Mcg
21:59 16 Jan 25
Have employed Intuitive a number of times now to refinance. They make the process very easy and are great at finding the best options. Highly recommend
Karin BrownKarin Brown
05:25 12 Jan 25
Craig and all the team at Intuitive Finance were fantastic in ensuring we were able to manage our investment purchase with excitement not fear. Their communication with us allowed us to feel confident with all our decisions. I highly recommend contacting the team at Intuitive if you are thinking about purchasing a property.
Stacey LStacey L
06:53 03 Jan 25
It was an absolute pleasure working with Intuitive Finance. The whole team was very professional and helped my partner and I purchase our first home. We would definitely work with them again in the future. A special thank you goes out to Alex who was always approachable with any questions we had.
AdamAdam
03:17 31 Dec 24
Intuitive Finance has delivered the best mortgage brokering experience I’ve ever had. Initially recommended to me by a buyer’s agent, I only wish I’d found these guys sooner. Having worked with brokers for over 20 years for both purchases and refinances, I can confidently say that Intuitive Finance stands head and shoulders above the rest.What sets them apart is their exceptional communication, organization, experience, and teamwork. They operate like a well-oiled machine, ensuring everything runs smoothly and efficiently. Despite being based in Perth, working with Lachlan and Craig in Melbourne was seamless. These two are absolute standouts—always available, quick to return calls, hardworking, and incredibly fast.I also had the pleasure of working with Melissa and Clarise, who were equally lovely and professional. The entire team made the process stress-free and straightforward, something I’ve rarely encountered in this space.I’ve already recommended Intuitive Finance to my family and friends because I know they’ll be in safe hands. If you’re looking for a broker that goes above and beyond, look no further. Highly rated and highly recommended!
Andrew CasserlyAndrew Casserly
00:00 21 Dec 24
I could not be more impressed or willing to recommend the whole team at Intuitive Finance. They made the process of buying our first home as smooth and stress free as possible. They were very accomodating to our changing needs, patient when we changed our mind, informative throughout the whole process, great with communication, and followed through on everything they said.A special thanks to Lachlan who was simply fantastic to deal with across a two year period and to Craig who made the final processes seamless.
GENEVIEVE PERCOVICHGENEVIEVE PERCOVICH
05:09 16 Oct 24
The team really break it down and make sure we, as the client, get all the information and assistance we need, in real time. Stress less, go with this amazing team.
DaveDave
19:38 02 Oct 24
Andrew and his team are well versed to help property investors navigate the challenges of getting finance.
Shane HellyerShane Hellyer
03:36 17 Sep 24
Lachlan, Dragana and team were amazing in helping me purchase my property. Right from the planning stages up through to organising the loan and finally settlement, there was amazing communication, punctuality and professionalism. 100% recommend and would use them again in an instant
Guy Smith-steaneGuy Smith-steane
22:11 13 Sep 24
Spoke to Alex recently to get me on the right track to save for my property. Very professional and I couldn't be happier. Looking forward to continuing on my journey with Alex and the Intuitive Finance team.
Michael KiddMichael Kidd
01:19 03 Sep 24
Andrew and Carmela demonstrated excellent knowledge and professionalism throughout the whole finance process and made it surprisinglyeasy to navigate through the whole experience. Exceeded my expectations and highly recommend.
Andrew DareAndrew Dare
09:29 13 Aug 24
We were thrilled with Alex and the team. They were incredibly helpful, professional and secured us a great interest rate. The process was smooth and stress free, and we couldn’t be happier with the outcome. I highly recommend them.
Mark BlairMark Blair
21:38 30 Jul 24
I was referred to Intuitive Finance by a colleague as they had a positive experience during their process.And I am glad I went with Andrew and the team. My circumstances were a bit complex and out of the box. Andrew was able to find a solution and a great outcome.Craig was also fantastic through the process, he kept me informed all the way and wrangled the lenders I was refinancing away from.I would definitely recommend family and friends to Andrew for their financing needs.
E OzE Oz
13:09 26 Jul 24
Absolutely thrilled to share my positive experience with Intuitive Finance! I've had the pleasure of using their services multiple times, and each time has been a seamless and rewarding experience. Craig and Lachlan, in particular, have been outstanding. They are incredibly friendly, professional, and a joy to work with. Their expertise and attention to detail have made every step of the mortgage and refinancing processes smooth and stress-free. I highly recommend Intuitive Finance for anyone in need of top-notch mortgage brokerage services.
Sarah EldridgeSarah Eldridge
02:33 14 Jul 24
The process was very smooth and efficient!
Jay StoreyJay Storey
04:26 05 Jul 24
Highly recommend Andrew and the team from Intuitive Finance. They sourced the perfect loan strategy for me and had excellent communication throughout the whole process. Will definitely use again in the future.
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Our Commitment to the Community

With every loan we settle, you can choose to support Challenge – supporting
kids with cancer, the Movember Foundation, or the Lungitude Foundation.
We donate $20 to your chosen charity and make annual contributions. It’s our
way of giving back and helping those in need.