Home Lending
Construction loans pay out in stages, and every lender runs the stages differently. We choose a lender whose process suits your build — and keep the payments moving so your builder never waits on the bank.
Who this is for
Worth weighing
How Ascent helps
Lenders’ construction processes compared, not just their rates — a slow drawdown team costs you more than a few points of margin.
Drawdowns structured so interest accrues only on funds actually drawn.
Progress claims managed between builder, valuer and lender so the site never stalls.
The process
A no-obligation discussion about where you are and where you’re going — in person in Melbourne, or online.
Your full picture gathered once, options compared across the panel, and a clear plain-English proposal: the loan, the structure, the costs, and why.
We prepare, submit and manage the application, handle lender requests, and keep you informed at every stage.
Coordination through to settlement, then ongoing reviews so the loan keeps earning its place.
Lending is subject to eligibility, lender criteria and credit assessment.
Paperwork
Don’t worry if something’s missing — we’ll work through it together.
Questions
The lender releases funds in stages — commonly slab, frame, lock-up, fixing and completion — usually after an inspection or valuation confirms the stage is done. We manage the claim paperwork at each stage.
No — with a standard construction loan you pay interest only on the amounts drawn down as stages complete, which keeps costs down during the build.
Substantial renovations with a building contract can use construction lending; smaller cosmetic works are often better funded through equity or redraw. We’ll recommend the cheaper path for your scope.
Information on this page is general in nature and does not take your objectives, financial situation or needs into account. Lending is subject to eligibility, lender criteria and credit assessment. Terms, conditions, fees and charges apply.
Enquire
Bring the plans — we’ll bring the process.