Construction Loans

At KIJ Rung Ruang Financial, we understand that embarking on a construction project is an exciting yet complex undertaking. Whether you are planning major home renovations or building from the ground up, accessing the right Construction Loan options from banks and lenders across Australia is crucial. Our team is here to guide you through the process, ensuring you have the necessary support to make your dream home a reality. With a focus on a streamlined application process, we help you manage everything from interest rates to progressive drawdowns, making your construction journey as smooth as possible.

When considering a Construction Loan, one of the first steps is understanding how the loan amount is structured. Unlike traditional loans, Construction Loans are released in stages based on construction milestones. This means you only pay interest on the amount drawn down at each stage, which can be a cost-effective solution. Our experts will help you manage progress payments and instalments effectively. We ensure the loan aligns with your project needs, whether it involves purchasing suitable land, conducting major home renovations, or demolishing an existing property for a new build.

Another critical aspect of Construction Loans is the Progressive Payment Schedule. This schedule allows funds to be released at various stages of the project as assessed by an 'as if complete' valuation. At KIJ Rung Ruang Financial, we ensure that each phase—from council plans and permits to paying sub-contractors like plumbers and electricians—is carefully coordinated. Our team helps you navigate any council restrictions and regulations, ensuring compliance with development applications. For those looking to buy off the plan or commence building within a set period from the Disclosure Date, we offer tailored solutions that include managing Out of Contract Items not included in the initial agreement.

Choosing the ideal location and price range for your project is crucial. Our team assists in identifying suitable land while considering council regulations and potential additional payments. With interest-only repayment options available during construction, you can manage your finances more effectively until project completion. This approach allows for flexibility in making a plan that suits your financial situation. Once construction begins, it's essential to monitor progress closely to avoid unexpected costs. Our clients benefit from our expertise in handling Progressive Drawing Fees and ensuring that every stage of construction is completed within budget and on time.

As your project moves through various stages, we also offer advice on securing home improvement loans for any additional features or unforeseen expenses that may arise. Our team's extensive experience in Construction Loans ensures that we provide comprehensive support throughout your building journey.

KIJ Rung Ruang Financial is committed to helping you achieve your construction goals with ease and confidence. By accessing Construction Loan options from banks and lenders across Australia, you can benefit from competitive interest rates and flexible repayment terms. With our expertise, you can manage every aspect of your project, from planning to completion. Contact us today to learn more about how we can assist with your construction financing needs and take the first step towards creating the home you've always envisioned.