Construction Facility

No Stress

Building or renovating your dream home is an exciting but demanding exercise. The last thing you want to worry about is finance. Let The Rock’s Construction Facility ease the way through the building process.

Great Rate

Unlike some other lenders, The Rock does not charge a higher interest rate for construction loans. You get the same low variable or fixed rate as other home loan customers.

Control

The Rock takes control over payments to the builder, and only makes progress payments with your authorisation. An independent valuer will inspect works completed prior to the payments at base and final stages. Additionally, The Rock makes sure your home is fully completed to your satisfaction and Council approved before the builder receives the final payment.

Easy Start

The Rock makes getting into your new or renovated home easier by only requiring you to repay the interest on the amount drawn down to date during the construction period. This reverts to the full monthly repayment on completion of the home. This helps you pay the rent, or existing mortgage payments whilst your new home or renovation is being completed.

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