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.

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.
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.
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!
Property Buyer Loan Calculators
Real Feedback from Real Clients
Buying property is one of the most stressful things you’ll ever do, and I was dreading it!
However Natasha, Melissa, Clarise, Andrew and Bonnie were all amazing at helping me through the application for finance. They all provided exceptional care, a wealth of knowledge and always got back to me promptly with answers to all my questions 😄
The whole team had a great ability to put me at ease throughout the whole process! I can’t thank you all enough and I’m so happy in my new home!
I would wholeheartedly recommend the Intuitive finance team 100% as the finance brokers for anyone needing help with financing!
Thanks again so much, you’ve helped me get to the place I wanted to be!
We had a complex situation with multiple properties, and Craig took the time to understand our needs and worked tirelessly to secure the best possible deals. We refinanced three of our properties, and the process was seamless thanks to Craig's guidance.
Their communication was outstanding, keeping us informed every step of the way. What really stood out was their willingness to go above and beyond to ensure our financial goals were met. Their professionalism, knowledge, and passion for their work are a rare find in the finance industry.
We can't recommend Craig and the team at Intuitive Finance highly enough. If you're looking for a finance broker who will truly look after your interests, look no further.
Thanks Michael & Alana
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!
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.
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.