What will building it actually cost to fund?
A construction loan doesn't work like a normal mortgage. The lender pays the builder in stages, you pay interest only on the money drawn so far, then the whole thing converts to a standard principal-and-interest loan once you've moved in. This estimator walks through all three: total project cost, the indicative loan and LVR, the staged interest build-up across slab, frame, lockup, fixing and completion, then your ongoing repayment.
This is general information only and an indicative estimate. Not credit assistance, a loan offer, or a quote. Figures are estimates and may differ from a lender's assessment.
Your project
Important information
This is general information only and an indicative estimate, not credit assistance, a loan offer, or a quote. Figures are estimates and may differ from a lender's assessment. Consider your circumstances and seek advice before acting.
Construction lending varies between lenders. Progress-payment schedules, interest treatment during construction, valuation methods (some lenders cap the loan against the land plus the fixed build contract, others against the completed "on completion" valuation), and the rate you ultimately receive all differ. The stage drawdown percentages and rates used here are typical defaults, not a particular lender's terms. Rates and figures are current as at 3 June 2026 and you should verify them with a lender before relying on this estimate.
LenderBridge is pursuing its credit licence pathway. Nothing here is, or should be taken as, licensed credit assistance.
How a construction loan works
A construction loan funds a build in stages, releasing money to your builder at each progress payment rather than all at once. You generally pay interest only on the amount drawn so far during the build, then the loan converts to standard principal-and-interest once construction finishes.
This estimator shows the total project cost, indicative loan and LVR, the interest during construction, and the repayment after conversion.
Common questions
How is a construction loan different from a normal home loan?
It releases funds in progressive drawdowns tied to building stages — slab, frame, lock-up, fit-out and completion — and you usually pay interest only on the drawn balance during the build, not on the full loan.
How much deposit do I need for a construction loan?
Lenders assess the total project cost (land plus build) and typically lend up to a set LVR against the as-if-complete value. The estimator shows your indicative LVR so you can see where you sit.
What happens when construction finishes?
The loan converts to a standard principal-and-interest loan and you begin repaying both principal and interest on the full amount, as the estimator shows.
General information only. This is not credit assistance, a credit quote or an offer of finance, and the figures are indicative estimates — confirm with a lender before you rely on them.