Why Choose Greenline Home Loans for your Construction Loan?

A construction loan is a loan designed to support those who are building their home, as opposed to purchasing an established property and accordingly, the structure of the loan is very different to a standard mortgage loan. Here at Greenline Home Loans, we are committed to providing you with the best construction loan to suit your needs. From the loan application all the way to post-settlement, Greenline Home Loans will guide you through the entire construction loan process.

Product Features

Construction loans give you access to money progressively as you complete various stages of construction. You have the ability to design and build your property to suit your lifestyle. Whether you’re building or completing major renovations, a construction loan may be the one for you.


During the construction period, construction loans have interest-only payments. This means that your repayments are lower throughout the time of building or undertaking renovations. The loan is typically provided on an interest-only basis for the first 12 months, allowing you to manage your cash flow more efficiently during the building stages. Once construction is finalised, the loan typically reverts to Principal and Interest repayments.

Funds Withdrawn in Stages

When building a property or completing major renovations, it is crucial to know what to expect at each stage. Construction loans allow you to draw down the loan at different stages of the build – known as progress payments. Your progress payment schedule will generally have five to six stages during the construction period.

Protects Against Financial Loss

A great plus for construction loans is that they can help guard you against poor-quality construction or incomplete work. Progress payments are only released to the builder when each stage of the construction process has been finished to the required standard.


A construction loan provides convenience as you are able to make additional payments into your loan at any given point. This will reduce your loan balance meaning you will pay less interest on the loan.

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Get started on your home loan journey with Greenline Home Loans. We’re here to help! Speak to one of our professional mortgage brokers today.

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Home Loan Products

Residential Home Loans

Residential home loans are mortgages where banks hold security in the form of a residential property. Here at Greenline Home Loans, we ensure that your residential home loan has the lowest home loan rates, the lowest fees and the flexibility you require. Along with years of experience in the finance industry, our home loan professionals have in-depth knowledge of Australian residential home loan markets.

Residential Investment Property Loans

If you are planning on purchasing your first investment property or are a seasoned investor ready to expand on the market, Greenline Home Loans has you covered. With a number of low-interest rate home loan options, our friendly team are here to help you settle in quickly and make your experience as hassle-free as possible.

Home Loan Refinancing

We provide quick, easy and obligation-free home loan refinancing services which allow you to compare your current home loan against hundreds available on the market. Greenline Home Loans have a simple refinancing process so that you can begin saving on your home loan repayments sooner.

Debt Consolidation

If you have been dealing with multiple payments on numerous loans, each with their own interest rates and conditions, you may want to consider consolidating your debts. Have greater control of your financial situation by bringing all your existing debts together into one loan.

Bridging Loans

When looking to upgrade your home, timing the purchase of your new home while selling your existing property can be tricky. Bridging loans can provide a solution that allows you to avoid the stress of having to sell your home first and find temporary accommodation whilst you search for your next home.

Cash Out – Equity Release

Sometimes you might need to borrow money in order to achieve some personal goals like renovating your home, buying a new car or even travelling overseas. While taking out a personal loan is an option, releasing equity from your property can result in a more favourable outcome with lower interest rates applicable to the loan as a result of the nature of the loan and the security against it.