Construction loans, made simple.
A construction loan is specifically designed to finance a build or major renovation, so it works differently to a normal home loan.
Instead of receiving your loan in one, big lump sum, you’ll have sections of your loan paid out to you or your builder in pre-arranged instalments (usually in line with key progress milestones).
As you only pay interest on the funds you’ve used, being paid in parts means that you may pay less interest overall – an easy win for your savings.
Benefits of a construction loan.
Six months pre-approval
Set a payment schedule
Flexible loan options
Rates starting from
For Variable Total Home Loan Package Building LVR ≤80% LVR
6.44
6.85
Extra options.
Available with the Australian Government 5% Deposit Scheme
The Scheme makes home ownership more achievable by helping you buy and build sooner with a small deposit, supported by a Government guarantee.
Am I eligible?
Option for parent equity
A parent or another family member can act as a guarantor on your loan.
What is parent equity?
Find out how much you can borrow
Get a realistic estimate on how much you could comfortably afford to borrow.
Calculate your borrowing powerHow our construction loans work.
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Decide if this is the right loan for you
Taking on any loan is a big decision, so we recommend booking an obligation-free chat with our Lending Team to discuss your construction plans and loan option. Speak with a Lending Specialist.
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Apply for pre-approval
Know how much you are approved to spend so you can compare builders and building plans with confidence. Apply online.
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Set your progress payment schedule
Agree on a construction schedule with your builder. We’ll pay out the instalments at key milestones (usually following progress inspections).
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Complete construction within 12 months
We understand that sometimes things don’t go to plan so, if you do need an extension, reach out to your Lending Specialist.
Other perks of this loan.
- Borrow up to 90% of the completed value of the security property1
- Loan terms up to 30 years. Maximise your loan term and minimise your regular repayments
- Interest only repayments apply during the construction period, helping you keep your ongoing costs at a minimum
- Build to live or build to invest - both owner occupied and investment purposes are available
- Make additional repayments2
How to apply for this loan.
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Complete application
It's quick and easy. You'll need details on your income, assets, and expenses handy. -
We'll be in touch
After assessing your application, we'll give you a call to chat through your options or get more details. -
Get an answer
If approved, you can easily review and sign your documents online.
Interest rates.
Understand how to use the comparison rate and calculate your loan to value ratio (LVR). Lenders' Mortgage Insurance (LMI) may also apply.
Variable Total Home Loan Package
Building loans
| Loan to Value Ratio (LVR) | Interest rate (% p.a.) | Comparison rate (% p.a.)* |
| ≤80% LVR | 6.44% p.a. | 6.85% p.a. |
| >80 - 90% LVR | 6.64% p.a. | 7.05% p.a. |
Variable Total Home Loan Package Investment Loan
Building loans, principal and interest
| Loan to Value Ratio (LVR) | Interest rate (% p.a.) | Comparison rate (% p.a.)* |
| ≤80% LVR | 6.74% p.a. | 7.15% p.a. |
| >80 - 90% LVR | 7.69% p.a. | 8.09% p.a. |
Fees and Charges.
| Fees and Charges that apply | Amount |
| Annual Package Fee | $395 |
| Valuation Fee | At cost |
| Lenders' Mortgage Insurance | At cost |
| Search Fee | $35 |
| Discharge Fee | $350 |
| Additional Fee for Building Loans: | |
| Building Loan Establishment Fee | $890 |
View our Fees and Charges Booklet for the full details. Other up-front fees including government charges may apply based on the loan and application type and can be advised on application.
Ready to make a move?
Apply online
Pre-qualify
FAQs.
Yes, we offer home loans that may be used for prefabricated homes, particularly under our construction loans.
As with all our loans, approval is subject to credit assessment criteria. The specific nature of the prefabricated home (e.g., whether it is permanently fixed to land) will also influence eligibility.
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The most relevant loan type is a Construction Loan, which is suitable if the prefabricated home is being constructed or assembled on-site.
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Prefabricated homes typically include:
- modular homes: built in sections off-site and assembled on-site
- kit homes: delivered as a package and assembled by the owner or builder
- transportable or relocatable homes: built to be moved but may be permanently installed.
We may require that the home be permanently fixed to land and meet standard residential building codes to qualify for a home loan.
Transportable or prefabricated homes should not be confused with any form of "Mobile" or temporary home, which may or may not be permanently affixed to a building site. Mobile homes of any type are not acceptable security for mortgage purposes.
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There are several things to consider when applying for a loan for a prefabricated home:
- permanency: your home must usually be fixed to a foundation and not easily relocatable
- valuation: we will assess the value of the home and land together
- builder accreditation: your builder or manufacturer will need to be licensed and approved
- insurance and compliance: your home must meet local council regulations and be insured able
- loan structure: you may need a progressive drawdown loan if the home is being built in stages.
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Interest rates apply to new loan applications received from 10 June 2026 and are subject to change without notice. Borrowers who acquired or applied for these products before this date may have a different interest rate. |
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Comparison rates are based on a $150,000 loan over a term of 25 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. |
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Initial valuation costs up to $300 are not payable. Valuation costs that exceed this amount will be payable and disclosed as part of your loan contract. |
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Lenders' Mortgage Insurance is required when the loan is greater than 80% of the value of the security property. This may vary based on the location of the property. |
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Unlimited additional repayments available on Variable Rate Loans. Repay an additional $25,000 per year on any of the Fixed Rate term without fee or penalty. Additional repayments over $25,000 per year to a Fixed Rate term will result in a break cost being payable. |
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All applications for credit are subject to Beyond Bank’s credit assessment criteria. Terms and conditions are available on request. Fees and charges apply. This information is available on our website at beyondbank.com.au/about-us/corporate-governance/disclosures, by calling us on 13 25 85 to request a copy or by visiting a branch. |
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All products and services are provided by Beyond Bank Australia Ltd, 100 Waymouth Street, Adelaide, SA 5000, ABN 15 087 651 143 AFSL/Australian Credit Licence 237856. © 2026. |
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Progress inspections are required throughout the building process. The Building & Bridging Loan Establishment fee covers up to 7 progress payment fees and 2 progress inspection fees. Additional fees may apply if these limits are exceeded. |