Services > Construction Loans
Construction Loans
Construction Loans to Build Your Dream Home
Building a new home or renovating? Prosper Loan Experts provide flexible construction loans tailored to your unique project needs. Our staged payment plans ensure your funds are released exactly when you need them, giving you peace of mind and financial control throughout your build.
Whether you’re starting from scratch or enhancing your existing property, we help you access competitive rates and personalised support to bring your vision to life.
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Why Choose our Construction Loans
At Prosper Loan Experts, we’re committed to helping you every step of the way—from big decisions to the finer details. Here’s what you can expect with our tailored construction loans:
Loan amount
$100,000 - $50 millions
Competitive Secured Interest Rates
4% - 7%
Unsecured interest rate
Not Offered
Loan terms
1 - 5 years
Rate Options
Fixed or Variable
Average turnaround
1 - 2 weeks
Transparent Fees
$500 - $2,000
Simple Repayments
Monthly
Documents You’ll Need to Apply for a Construction Loan
Identification Documents
Valid passport, driver’s license, or Medicare card.
Financial Documents
Recent bank statements (6–12 months), profit and loss statements, and tax returns (both business and personal for the past 2 years).
Loan Purpose:
Quotes, invoices, or contracts related to your construction project.
Collateral Details (if secured)
Information and valuation reports on assets like property or equipment used as security.
Proof of Business Operations
Australian Business Number (ABN), Australian Company Number (ACN), or equivalent registration certificates, along with GST registration if applicable.
Our team will guide you through the document preparation to ensure a hassle-free loan application.
How Our Construction Loans Work
Clear steps from consultation to staged payments.
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1
Free Consultation
Speak with one of our loan specialists to discuss your construction goals and financial situation.
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2
Tailored Loan Plan
We assess your project details and finances to design a loan structure that fits your needs.
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3
Approval Process
Enjoy fast approval, so you can start building without unnecessary delays.
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4
Staged Payments
Funds are released progressively at key milestones so you only pay for what you need, when you need it.
READY TO GIVE US A TRY?
Ready to start building your dream home?
Our team is here to help you secure the right loan for your construction project. Contact us today to begin your application!
No Compromise, Just Maximize.
How to Secure a Construction Loan
Consultation
Speak with our loan specialists about your construction goals.
Tailored Loan Plan
We'll assess your project and financials to design the right loan structure.
Approval Process
Fast approval so you can start building without delays.
Staged Payments
Funds are released at key stages of your build, ensuring smooth progress.
Frequently Asked Questions
What is a construction loan and how does it work?
A construction loan helps finance the building or renovation of your home by releasing funds in stages aligned with construction progress. Learn more about our [Construction Loans](https://prosperloan.com.au/construction-loans) and how they can support your project.
How much can I borrow for a construction loan?
Loan amounts depend on your income, expenses, and the estimated value of your finished home. Pre-approval through Prosper Loan Experts can help you understand your borrowing capacity. Check out our [Home Loans](https://prosperloan.com.au/home-loans) page for more details.
What documents do I need to apply for a construction loan?
Typical documents include ID, proof of income, bank statements, building contracts, and council approvals. See our [Documents Needed](https://prosperloan.com.au/construction-loans#documents) section for a full checklist.
How long does the approval process take?
Approvals usually take 1–3 weeks but can be faster with complete documentation. Our team streamlines the process to get your project moving quickly.
What interest rates and fees apply to construction loans?
Rates vary between lenders and can be fixed or variable. Establishment fees and valuation costs may also apply. Discuss these details with your Prosper Loan expert.
Can self-employed people get construction loans?
Yes, many lenders offer tailored options for self-employed applicants. Our brokers help find lenders suited to your financial profile.
How do staged payments work in a construction loan?
Funds are released in phases as construction milestones are met, ensuring you only pay interest on the money used. This helps manage cash flow effectively during your build.
Can I use a construction loan for home renovations?
Yes, construction loans can finance major renovations or extensions. Contact us to discuss your specific project requirements.
What if my construction project goes over budget or is delayed?
If costs increase or delays occur, communicate with your lender and broker promptly. They can advise on refinancing or loan adjustments to keep your project on track.
What Our Clients Say About Prosper Loan Experts
Real stories from satisfied clients who found the perfect loan solutions with our help.
George Owens
The team at Prosper made my home-buying process so much easier. They listened to my needs and found the perfect loan for my situation. Their support and guidance were invaluable every step of the way.
Max Tanner
I was overwhelmed with refinancing options, but Prosper expert took the time to explain everything clearly. They helped me secure a better rate, saving me thousands. I couldn't be happier with their service.
Shraddha Adhikari
Got right consultation and advice regarding our loan processing for business. The other best part is that it was swift and easy, got everything settled within couple days. Great service…would highly recommend.
Romina Shrestha
My husband & I were dealing directly with Bala ji for our Commercial loan. Not only did he make the process seamless & easy to understand, he also help us feel comfortable with any next steps. I would highly recommend Bala ji for anyone who is looking for home loan. Thank you once again for your amazing service.
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Fresh, creative solutions.
Integrity
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Excellence
Top-notch services.
We are a top-rated mortgage and finance broker in Australia, trusted by individuals and businesses for expert support in home loans, car loans, investment loans, refinancing, private lending, and more.
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Prosper Loan Experts Pty Ltd ABN: 93 676 188 211. Credit Representative #527574 is authorised under Australian Credit License #384704.
Disclaimer: Your full financial situation and requirements need to be considered prior to any offer and acceptance of a loan product. The information contained in this website is of a general nature and does not take into account your personal needs and requirements. The figures shown in the calculators do not constitute an offer for finance. Lender policy and conditions, fees and charges will apply. The information provided by the calculator is intended to provide illustrative examples based on the stated assumptions of your input. Results are a guide only and do not constitute financial advice or a guarantee of an outcome. You should always discuss your individual circumstances with a representative of Prosper Loan Experts Pty Ltd T/A Prosper Home Loans.
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