At Kohli Loans, we understand that financing a construction project can be complex and time-consuming. That’s why our team takes the stress out of the process by doing all the legwork to match you with the right construction loan. Whether you’re building your dream home, renovating, or embarking on a commercial project, we provide tailored solutions to suit your specific needs. With competitive rates, flexible terms, and expert guidance, Kohli Loans ensures a smooth, hassle-free experience. Let us help you turn your construction vision into reality while saving you time, stress, and unnecessary complications.
At Kohli Loans, our mortgage brokers are in your corner helping you to buy your Construction Loan. Here’s how we help.
We get to know not just you, but also your goal. While being responsive and flexible during the process.
Our mortgage brokers are experienced professionals with extensive lender and finance knowledge.
We have strong existing relationships with over 60 lenders to help us negotiate the right deal.
We go beyond the standard expectation when it comes to our compliance practices.
We keep your options open and risk assess as we go. You can trust our quick response times and after hours support.
We are rated the Top performing brokerage in Australia.
Interest rates for construction loans are generally higher than traditional mortgage rates because construction loans are riskier for lenders. depending on factors such as your creditworthiness, the loan amount, and market conditions. Keep in mind that some lenders offer fixed or variable interest rates for construction loans.
Unlike a traditional mortgage, a construction loan is disbursed in installments, or “draws,” to pay for the construction costs. These draws are typically made at different stages of the construction process (e.g., foundation, framing, roofing, etc.). Interest is only paid on the amount of money that has been disbursed, and you usually only make interest payments during the construction phase. Once the project is completed, the loan converts into a traditional mortgage or is refinanced into a permanent loan.
Yes, if you're renovating an existing home, you can use a renovation or construction loan to finance the improvements. These loans can cover major renovations like adding a room, updating plumbing, electrical, or HVAC systems, or completely renovating a property.
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