How do the progressive draw downs work for my construction home loan?

Jasmine Shillington Updated by Jasmine Shillington

Progressive draw down allows you to pay the builder for the construction or renovation in 3 stages as the building work reaches each stage of completion.

We will arrange a valuation to conduct progress inspections prior to payment. Please note these inspections are subject to fees. Refer to our Fees and Charges Schedule for more details.

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What happens with my construction home loan after my house is built?

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