Compare Construction Loans

Compare today's lowest construction loan rates & repayments from 30+ banks and specialty lenders

There's a big difference between financing for a build and financing to buy an established home. The following loans are specifically designed to accommodate the needs of construction.

Fixed Rates Variable Rates Low Deposit Loans Offset + Redraw Loans Compare Big4 Banks Thumb anz logo 1 3 Thumb commonwealth bank logo 1 3 Thumb westpac logo 1 3 Thumb national australia bank logo 1 3 Thumb suncorp bank logo 1 3 Thumb st george logo 1 3 Thumb heritage bank limited logo 1 3 Thumb ing logo 1 3 Thumb citibank logo 1 3 Thumb bankwest logo 1 3 Thumb adelaide bank logo 1 3 Thumb me bank logo 1 3 Thumb amp limited logo 1 3 Thumb homeloans ltd logo 1 3 Thumb banksa logo 1 3 Thumb bank of melbourne logo 1 3

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Lender
Loan Details
Interest
Comparison
Repayments
  1. Back to Basics Variable Loan Better Together Bundle

    • Offset Account
    • Redraw Available
    • Credit Card
    • Borrow up to 90%
    • 3.71%
      p.a. variable
    • 3.71%
      p.a. Comparison
    • $1,792
      per month*
  2. Discount Variable Rate Special Rate

    • Offset Account
    • Redraw Available
    • Credit Card
    • Borrow up to 90%
    • 3.79%
      p.a. variable
    • 3.79%
      p.a. Comparison
    • $1,807
      per month*
  3. Homeloans Ultra Plus 80

    • Offset Account
    • Redraw Available
    • Credit Card
    • Borrow up to 80%
    • 3.74%
      p.a. variable
    • 3.80%
      p.a. Comparison
    • $1,808
      per month*
  4. Homeloans Optima up to

    • Offset Account
    • Redraw Available
    • Credit Card
    • Borrow up to 80%
    • 3.83%
      p.a. variable
    • 3.83%
      p.a. Comparison
    • $1,815
      per month*
  5. 2 Year Fixed Rate

    • Offset Account
    • Redraw Available
    • Credit Card
    • Borrow up to 95%
    • 3.84%
      p.a. fixed
    • 4.87%
      p.a. Comparison
    • $1,822
      per month*
  6. Firstmac Construction 80

    • Offset Account
    • Redraw Available
    • Credit Card
    • Borrow up to 80%
    • 3.89%
      p.a. variable
    • 3.92%
      p.a. Comparison
    • $1,826
      per month*
  7. Complete Alliance Option SVR 80%

    • Offset Account
    • Redraw Available
    • Credit Card
    • Borrow up to 80%
    • 3.86%
      p.a. variable
    • 3.92%
      p.a. Comparison
    • $1,830
      per month*
  8. Variable Rate Loan

    • Offset Account
    • Redraw Available
    • Credit Card
    • Borrow up to 80%
    • 3.86%
      p.a. variable
    • 3.92%
      p.a. Comparison
    • $1,830
      per month*
  9. Complete Alliance Option SVR 80%

    • Offset Account
    • Redraw Available
    • Credit Card
    • Borrow up to 80%
    • 3.86%
      p.a. variable
    • 3.92%
      p.a. Comparison
    • $1,830
      per month*
  10. Variable Rate Loan

    • Offset Account
    • Redraw Available
    • Credit Card
    • Borrow up to 80%
    • 3.86%
      p.a. variable
    • 3.92%
      p.a. Comparison
    • $1,830
      per month*
  11. Breakfree Fixed Rate Home Loan 2 Yr

    • Offset Account
    • Redraw Available
    • Credit Card
    • Borrow up to 90%
    • 3.75%
      p.a. fixed
    • 4.54%
      p.a. Comparison
    • $1,832
      per month*
  12. Breakfree Fixed Rate Home Loan 2 Yr

    • Offset Account
    • Redraw Available
    • Credit Card
    • Borrow up to 80%
    • 3.75%
      p.a. fixed
    • 4.50%
      p.a. Comparison
    • $1,832
      per month*
  13. Complete Alliance Option 3 Yr Fixed COMBO

    • Offset Account
    • Redraw Available
    • Credit Card
    • Borrow up to 80%
    • 3.88%
      p.a. fixed
    • 4.00%
      p.a. Comparison
    • $1,834
      per month*
  14. Homeloans Optima 2 Year Fixed

    • Offset Account
    • Redraw Available
    • Credit Card
    • Borrow up to 90%
    • 3.93%
      p.a. fixed
    • 4.04%
      p.a. Comparison
    • $1,834
      per month*
  15. Homeloans Optima 2 Year Fixed

    • Offset Account
    • Redraw Available
    • Credit Card
    • Borrow up to 80%
    • 3.93%
      p.a. fixed
    • 3.85%
      p.a. Comparison
    • $1,834
      per month*
  16. Basic Flyer Home Loan up to

    • Offset Account
    • Redraw Available
    • Credit Card
    • Borrow up to 80%
    • 3.94%
      p.a. variable
    • 3.94%
      p.a. Comparison
    • $1,836
      per month*
  17. Pinnacle 2 Year Fixed

    • Offset Account
    • Redraw Available
    • Credit Card
    • Borrow up to 95%
    • 3.94%
      p.a. fixed
    • 4.67%
      p.a. Comparison
    • $1,836
      per month*
  18. Pinnacle 3 Year Fixed

    • Offset Account
    • Redraw Available
    • Credit Card
    • Borrow up to 95%
    • 3.94%
      p.a. fixed
    • 4.60%
      p.a. Comparison
    • $1,836
      per month*
  19. Complete Alliance Option 2 Yr Fixed COMBO

    • Offset Account
    • Redraw Available
    • Credit Card
    • Borrow up to 80%
    • 3.89%
      p.a. fixed
    • 4.01%
      p.a. Comparison
    • $1,836
      per month*
  20. Fixed Rate Home Loan 2 Yrs

    • Offset Account
    • Redraw Available
    • Credit Card
    • Borrow up to 90%
    • 3.90%
      p.a. fixed
    • 5.09%
      p.a. Comparison
    • $1,838
      per month*
  21. Homeloans Optima 1 Year Fixed

    • Offset Account
    • Redraw Available
    • Credit Card
    • Borrow up to 90%
    • 3.98%
      p.a. fixed
    • 4.05%
      p.a. Comparison
    • $1,844
      per month*
  22. Homeloans Optima 3 Year Fixed

    • Offset Account
    • Redraw Available
    • Credit Card
    • Borrow up to 90%
    • 3.98%
      p.a. fixed
    • 4.04%
      p.a. Comparison
    • $1,844
      per month*
  23. Homeloans Optima 5 Year Fixed

    • Offset Account
    • Redraw Available
    • Credit Card
    • Borrow up to 80%
    • 3.98%
      p.a. fixed
    • 3.88%
      p.a. Comparison
    • $1,844
      per month*
  24. Homeloans Optima 1 Year Fixed

    • Offset Account
    • Redraw Available
    • Credit Card
    • Borrow up to 80%
    • 3.98%
      p.a. fixed
    • 3.84%
      p.a. Comparison
    • $1,844
      per month*
  25. Homeloans Optima 3 Year Fixed

    • Offset Account
    • Redraw Available
    • Credit Card
    • Borrow up to 80%
    • 3.98%
      p.a. fixed
    • 3.86%
      p.a. Comparison
    • $1,844
      per month*

*Monthly Repayments

Monthly repayments are calculated to take into account the loan amount, repayment term and ongoing fees and charges over the life of the loan.

  • Variable rate loans show the monthly repayments at the current rate.
  • Fixed rate loans show the monthly repayment during the fixed period only.
  • Monthly repayment calculations are an approximate guide only. Speak to a LoanMarket Mortgage broker to understand the exact cost of a loan given your particular circumstances.

**Comparison Rates

A comparison rate is a tool to help consumers identify the true cost of a loan. It factors in the interest rate, loan amount, repayment term and ongoing fees and charges and displays this as a single percentage rate that can be used to compare various loans from different lenders.

Monthly Repayment and Comparison Rate* calculations do not include:

  • The use of account features such as early repayments and offset accounts which vary widely among loans and can reduce the cost of a loan significantly.
  • Cost savings such as fee waivers or special rate discounts.
  • Fees and charges associated with loan options or events that may or may not be used by the borrower, such as early repayment or redraw fees
  • Lenders Mortgage Insurance (LMI) which may be required to secure the loan and can increase the cost of the loan.
  • Government charges such as stamp duty or mortgage registration fees.
  • Fees and charges which aren’t available at the time the comparison rate is provided