Build or renovate with
the right loan
structure
We secure flexible construction loans that support your build from start to finish without the stress.
Loans designed for
construction & renovation
Construction loans aren’t like standard home loans. They’re paid in stages, require lender approval at each step, and need to be structured correctly. We handle it all so you can focus on the build, not the paperwork.
Progress payments simplified
Funds are released in stages as your build progresses.
Flexible loan structures
Interest-only during construction, then transition to a standard loan.
Fixed, variable & offset options
Choose the right loan for your long-term goals.
Faster approvals, less waiting
80% of our loans are approved within 10 days.
The right loan for
your project
A construction or renovation loan should fit your project’s needs whether you’re doing minor upgrades or a full-scale build.
Knockdown & rebuild loans
Fund a complete rebuild while staying financially secure.
Development loans
Structured finance for investors and small-scale developments.
The biggest mistake builders and renovators make
Most people assume a standard home loan will cover construction but that’s a costly mistake. Lenders treat construction differently, and without the right loan, you could run into delays, unexpected costs, or even loan rejection mid-build.
We make sure you get:
A loan structured for your build timeline
A smooth approval process, handled for you
A competitive rate that keeps costs under control
Whether you’re renovating, rebuilding, or developing, the wrong finance can derail your plans. We’ll structure a loan that fits your project stage by stage, from approval to completion.
What out clients say
I’ve had an outstanding experience with OpenCorp. The whole process was seamless from start to finish. The team were professional, knowledgeable, and supportive throughout every stage. They made the entire journey, from finding the right property, securing finance, right through to property leasing and management completely stress-free.
Michael
We have 2 properties with Opencorp. They have a team of superstars ready to answer anything that needs addressing. Our experience was smooth and stress free, exactly what you want when starting out on an investment journey. Exceptional service 10 out of 10 and we have absolutely no hesitation in recommending Opencorp to anyone looking to start or build on their investment property journey.
Elise
Adrian
How to get a construction loan
step-by-step
Building or renovating? Here’s how we make the finance process simple and stress-free.
Construction & renovation loan FAQs
How do construction loans work?
Unlike standard loans, construction loans are paid in stages, called progress payments, as the build progresses. Interest is usually only charged on the amount drawn down.
Do I need a fixed-price contract to get a construction loan?
Most lenders prefer a fixed-price contract from a licensed builder. If you’re an owner-builder, you’ll need a specialised loan.
Can I borrow for renovations if I already have a mortgage?
Yes! You can refinance or use equity to fund renovations without needing a separate loan.
What happens if my build goes over budget?
Lenders won’t automatically cover cost overruns. That’s why it’s critical to structure your loan properly upfront, we help you plan for contingencies.
Can I use my home’s equity to fund a renovation?
Yes, if your home has increased in value, you can leverage equity instead of taking out a separate loan.
How long does a construction loan approval take?
It depends on the lender, but with the right paperwork, we can get formal approvals sorted in as little as 48 hours. The key? Getting your documents sorted early, and that’s where we help.
When do I start repaying the loan?
Most lenders require interest-only payments during construction, switching to full repayments once the build is complete.
Can I refinance my construction loan after completion?
Yes, many borrowers refinance post-construction to secure a lower rate or better loan terms.
What’s the biggest mistake renovators make?
Not budgeting properly, underestimating costs can leave you short on funds mid-project. We ensure your loan is set up to cover your full renovation.
How much deposit do I need for a construction loan?
Most lenders require 10-20% deposit, but equity in your current home can sometimes be used instead.
Get the right loan for your build or renovation
A poorly structured loan can derail your project. Let’s set you up for success.