A couple of our Auckland branches will be open with reduced hours on Saturday 6 March. All our branches will be returning to normal hours from Monday 8 March. See our branch updates page for up-to-date information on branch opening hours.
Whether you’ve got grand designs or you’re dreaming of a starter home, we can construct a home loan to suit your building or renovation project.
When you’re approved for a home loan to build a house, you won’t have to take the entire loan out at once. You can take it in chunks as building work progresses. By not drawing down your full loan in one go, you'll save on interest payments.
We’ve all heard horror stories about building projects running over time and over budget. It’s important to talk to us before you commit to anything, so you know how much you’ll be able to borrow and can start your project off on a realistic footing.
The amount we’ll lend will depend on how much you earn, the size of your deposit, the value of the land you’ll be building on, the cost to build the house and the estimated value of the finished property.
We’ll need to see:
As the building work progresses, you’ll not only have the joy of seeing your house take shape, you’ll also have to pay your hard working tradies. Your building contract should set out a payment schedule. You can structure your loan so you can draw down funds to suit this schedule.
When you draw down funds, we’ll need to see: