Construction Loans

Let us help you build your dream home! At Ezy Loan Hub, we will assist you in securing a construction loan from respectable lenders.

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Build Your Home With the Right Loan

A construction loan is a short-term loan used to fund the building or major renovation of a home or another real estate project. It is usually utilised to cover the costs of the construction project before relying on a long-term loan.

When you work with Ezy Loan Hub, you can expect us to help you secure a personalised construction loan so you can build your dream home. We work with multi-ethnic and diverse finance groups who serve migrants.

How Construction Loans Work

If you decide to apply for a construction loan, you will be required to produce a copy of the building contract/tender and plans. The lender will then give these documents to their value to estimate the on-completion value of the property. They will also assess your loan based on the lesser of the land price plus the cost of construction or the on-completion value.

Once your construction loan is approved, you will be asked to sign and return a loan offer provided by the lender. For your builder to be paid through the construction loan, they should provide additional documents, such as the final council approved plans, insurance, and drawdown schedule.

Other Personal Loans We Offer :

Type Description

Personal Loans

Fund your unexpected expenses or emergency financial needs by getting a personal loan.

Home Loans

Lighten the burden of paying for a new house with a home loan.

Bridging Loans

With a bridging loan, you can easily bridge the financial gap between the sale of your new home and the purchase of a new property.

Refinancing

Pay for your existing home loan by acquiring one with a lower interest rate or monthly repayments.