LCAConstruction Home Loan
Construction loans can be used to provide finance when you are building a house, completing a major renovation or demolishing and rebuilding. It allows you to progressively draw down on the loan in stages, only paying interest on the amount drawn during the construction period.
At a glance
- Max LVR
- 90%
- Features
- extra repayments
Rates
Every rate LCA publishes for this home loan, 4 in all.
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| Variable | Investment, Interest only | - | ≤80% LVR | 7.44% | 7.13% | - |
| Variable | Investment, Interest only | - | 80–90% LVR | 7.64% | 7.15% | - |
| Variable | Owner occupied, Interest only | - | ≤80% LVR | 7.34% | 6.49% | - |
| Variable | Owner occupied, Interest only | - | 80–90% LVR | 7.54% | 6.51% | - |
Fees
7 fees published, grouped by when they're charged.
- When you take it outUp to $1203 fees, each listed below
- While you hold itNo fee published
- When you close it or pay it offUp to $3002 fees, each listed below
When you take it out3
- Application Fee
No application fee is charged when setting up the loan
No fee - Construction Administration Fee
Construction Administration Fee charged at settlement to cover the administrative costs of managing a construction loan during the building period.
$120 - Security Assessment Fee
A variable fee charged at cost to assess the value of the property used as security for the loan, starting from a minimum amount.
From $230
When particular things happen2
- Construction Assessment Progress Fee
Construction Assessment Progress Fee charged at settlement to cover the cost of assessing each stage of construction.
$650 - Settlement Fee
A one-time fee charged at the time of loan settlement to cover processing and completion of the mortgage and funding of the loan.
$300
When you close it or pay it off2
- Discharge Administration Fee
A fee applied when releasing our mortgage to cover administrative processing of the discharge request. Waived if loan runs to term.
$300 - Discharge Documentation Fee
A fee charged for preparing the necessary documentation when the loan is fully repaid and discharged. Waived if loan runs to term.
$250
Features
Eligibility and limits
- Minimum age 18
- Residency: Are Australian or New Zealand citizens living and working in either Australia or New Zealand, or are Permanent Residents of Australia living and working in Australia.
- Amount $50,000 to $1,500,000
- The loan term must be at least 15 years.
- The loan term cannot exceed 30 years.
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Published by loans.com.au under the Consumer Data Right, last changed by them on 7 Oct 2026. Figures are shown as the institution publishes them and can change without notice; confirm on their site before applying. The Finance Algorithm earns nothing from any product listed here.