Details.
A loan service designed for new home construction or large-scale home renovations. Funds are paid in stages according to construction progress. Suitable for people building a new home, undertaking major renovations, or seeking staged payment support for construction costs. Applicants may need identification, proof of income, building plans and budget, land ownership proof for owner-built homes, a building contract, and a project stage plan. Loan terms are generally one to two years, with interest-only repayments commonly applying during construction.