Building Loan

Draw down funds in stages as your new home is being built
  • Features designed specifically to fund the building of your new home
  • Loan funds are advanced progressively as your builder completes pre-agreed construction stages
  • You could save money, since interest is payable only on the amount advanced under the loan
  • We’ll help you establish a schedule of progress payments and assist you in identifying your building expenses so payments are made to the builder after each stage of the building has been inspected and verified.
Apply now

A Bank of Melbourne home loan expert will contact you at your preferred time

Overview

Suitable for building
  • Draw down money as you need it, with loan funds advanced in stages as your builder completes previously agreed construction milestones
  • You could save on interest, since it is only payable on the amount advanced on the loan

Flexible

A Building Loan is available across the following Bank of Melbourne home loans to suit your needs or lifestyle:

Compare
How to apply

Enquire online

Enquire now and a Bank of Melbourne home loan expert will call at your preferred time

Call us

13 22 66

To talk with a Bank of Melbourne home loan expert, say “New Mortgage” when prompted.

Visit a branch

Find your nearest branch

What you'll need

Find out what information you need to provide to become a customer

Tips

How to apply

Enquire Now

A Bank of Melbourne home loan expert will contact you at your preferred time.

Call 13 22 66

To talk with a Bank of Melbourne home loan expert, say “New Mortgage” when prompted.

Visit a branch

The Detail

Conditions, fees and credit criteria apply.

Before making a decision, it’s best to read the terms and conditions:

Please read these documents and keep a copy. You can request a paper copy at a branch.

The information on our website is prepared without knowing your personal financial circumstances. Before you act on this, please consider if it’s right for you. If you need help, call 13 22 66