Building your own home may sound like a great idea; however, getting started with building projects can often prove difficult. Dealing with the planning process and managing costs can often be daunting. Using a construction loan is one method that can help you get started with your project without having to worry about how much money you spend. However, obtaining these types of loans is not as simple as they sound, and specific risks are involved. You must plan and manage your finances effectively and ensure that funds are wisely.

When securing a construction bank loan, the entire cost involved in the project is not required to be paid upfront, as all the material and construction costs will not get utilised at the beginning. Therefore, typically, a building loan facility is stage based; therefore, you will not be paying interest on the amount not drawn down from your financial institution.

To get started, we’ll need to know what type of loan you plan. We’ve got two types of construction loans available – residential and commercial. Residential construction loans help people build a new house or renovate an existing one—commercial construction loans for building businesses, such as shops and offices. Once we know what kind of project you’d like to undertake, our team will take care of everything else. We’ll provide you with a competitive interest rate and flexible repayment options so you can rest assured knowing that you won’t pay back any extra money.

Our promise to you, however, is that we won’t try to get you to pay us any extra money for our services. We’re not interested in charging you any fees whatsoever! We’re only interested in helping you save money on your home loan. That’s why we’ll work hard to ensure you receive the lowest interest rate possible throughout your project. And if we find out that we’ve given you a better deal than another lender, we’ll refund any difference between what we charge you and the lower rate we secured.