Interest rate increase – Thursday 19 February 2026: interest rates for variable home loans and deposit rates across the majority of savings products have increased by 0.25%, effective 19 February 2026.

What is a construction loan?

< Back to Blogs

    If you're looking to build or renovate your home, a construction loan could help you build your dream home or make structural changes to your existing property. Chris, Manager Lending Operations explains what a construction loan is and takes us through some of the important steps involved in the process.

Chris helps to answer some key questions:

  1. Why would you choose a construction loan?
  2. Explain “structural changes” - does this include general home renovations?
  3. How is the loan drawn down?
  4. What is a progress payment?
  5. What documents do you need to supply?
  6. What happens at the end of the construction period?

If you would like to find out more or think you might be interested in applying for construction loan, please visit our Construction Loan webpage.

 

       

Disclaimer

The information in this article is of a general nature and has been prepared without considering your objectives, financial situation or needs. Before acting on the information, consider its appropriateness to your circumstances

Latest Blog Articles

Qudos Bank variable loan rate increase

In February 2026, Qudos Bank will increase variable home loan and commercial rates in response to the RBA’s recent decision to raise the official cash rate

Learn more

5 ways Qudos Bank is working to simplify your banking in 2026

Discover 5 ways Qudos Bank is simplifying banking so that you can make the most of your finances in 2026

Learn more

4 Smart Back-to-School Budget Tips for Parents and Carers in 2026

School costs can add up fast. Discover 5 expert tips to budget for back-to-school expenses, save money on uniforms and supplies, and plan ahead for 2026.

Learn more