Services > Construction Loans

Construction Loans

Construction Loans to build your dream home

Whether you're building a new home or undertaking a major renovation, our construction loans offer flexible financing options to suit your project.

We provide tailored construction loans with staged payments, ensuring that funds are available when you need them.

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Benefits of a loan from Prosper

We’re here to help - from the big things to the little things. To help you make a start, or start over.

Loan amount

$100,000 - $50 millions

Secured interest rate

4% - 7%

Unsecured interest rate

Not Offered

Loan terms

1 - 5 years

Rate type

Fixed or Variable

Average turnaround

1 - 2 weeks

Establishment fee

$500 - $2,000

Repayment frequency

Monthly

Documents Needed

Identification Documents

Passport or driver’s license.

Medicare card.

Financial Documents

Recent pay slips (60 days).

Tax returns (personal and business, if applicable).

Bank statements (6 months of transaction history).

Construction-Specific Documents

Building contract or agreement.

Council-approved plans.

Construction cost estimates (provided by the builder).

Builder’s license and insurance details.

Timeline or schedule of construction phases.

Collateral Details (if secured)

Property valuation (land or existing structure).

Purchase contract for land (if applicable).

Loan Purpose Documentation

Project budget breakdown.

Developer agreements (for large-scale projects).

Proof of Address

Utility bills or rental agreements.

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!

BOOK APPOINTMENT

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.

Book Appointment

Hear What Our Clients Say

Here’s what some of our satisfied clients have to say about their experience with us.

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.

Innovation

Fresh, creative solutions.

Integrity

Honesty and transparency.

Excellence

Top-notch services.

COMPANY

ABOUT US

LEGAL

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.