Construction Loans - Mortgage Broker helping clients Australia-wide

Construction Loans

Turn your building plans into a reality with a construction loan

5.0

from 17 Reviews

Construction Loans Photo for Traj Finance

We'll help you fund your new build or renovation

At Traj Finance, we understand that embarking on major home renovations or constructing a new build can be both an exciting and intricate process. Our focus is on helping business owners, professional services employees, and high net worth individuals across Australia access Construction Loan options from banks and lenders nationwide. These loans are tailored for projects like buying off the plan or when you need to demolish an existing property to create your dream home. Whether you’re a registered builder, plumber, or electrician, we’re here to assist you in making informed decisions about your construction financing needs.

When considering a Construction Loan, it's important to factor in several key elements. One of the main benefits is the progressive drawdown structure, which means you only pay interest on the amount drawn down. With this arrangement, you can manage cash flow efficiently as funds are released in line with construction milestones. Interest-only repayment options during the build phase can also alleviate financial pressure until your project is completed. The Progressive Payment Schedule allows for payments to be made in instalments at various stages of the project, ensuring your sub-contractors and suppliers are paid promptly.

Applying for a loan with Traj Finance is designed to be straightforward. We offer a streamlined application process that considers your unique situation. Understanding council plans, permits, and council regulations is crucial for commencing building within a set period from the Disclosure Date. Our team will guide you through the development application process, ensuring that you're fully prepared and compliant with all necessary requirements.

Choosing the ideal location and suitable land is another crucial step in the construction journey. Whether you're looking to build within a particular price range or need to consider specific council restrictions, having a clear plan is essential. We can help assess ‘as if complete’ valuations to ensure that your project remains financially viable from start to finish. For those dealing with Out of Contract Items not included in the original agreement, we provide advice on managing additional payments effectively.

Before finalising your Construction Loan, it’s vital to consider the Progressive Drawing Fee and how it might affect your overall budget. This fee is applied each time funds are drawn down and should be factored into your financial plan. By working closely with our team, you can ensure that every aspect of your loan is considered, allowing you to focus on achieving your construction goals.

At Traj Finance, we aim to support our clients through every stage of their construction journey. Our expertise in Construction Loans ensures that high net worth individuals and businesses alike can achieve their property aspirations without undue stress. If you’re ready to explore how our services can benefit your next project, contact us today. Let us help you make informed decisions and bring your construction vision to life.

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Our Recent Reviews

I couldn’t speak highly enough of my experience with Traj Finance. Danny is very knowledgeable and helped us come up with a plan for our future financial goals. Would definitely recommend getting in contact with the Traj Finance team!

Angela Pomohaci

Absolutely outstanding service! Danny made the entire finance process seamless and stress-free. Their expertise, professionalism, and clear communication were second to none. They took the time to understand my needs and secured an ...

Anthony Critelli

Had a fantastic experience dealing with Danny, was incredibly patient, taking the time to answer all of my questions and carefully explaining the different options available. I felt that he genuinely took the time to understand what I ...

Dime T

Had a fantastic experience with Traj Finance! The entire process was seamless and hassle-free. They genuinely understand their clients’ needs and deliver exactly as expected. A special shoutout to Danny for his outstanding communication, ...

Anu Harsh

Frequently Asked Questions

How is Traj Finance different from other brokers?

With over a decade of experience in private and premier banking, Danny Trajcevski brings a deep understanding of the unique needs of high-net worth Australians. As a successful property investor with an impressive property portfolio himself, Danny has firsthand experience in using property as a vehicle for wealth creation. This experience has allowed him to retire from his PAYG income early, and transition into helping like-minded individuals achieve their property aspirations, making Traj Finance uniquely positioned to assist high-net worth Australians in growing their wealth.

Do you charge fees for home or investment loans?

When you secure a loan through a broker, you won’t face any additional loan repayments or charges. The broker earns a commission from the lender for bringing in new customers, but this has no impact on your interest rate or any other terms of your loan agreement.

Is it more expensive to use a broker?

You won’t have to pay for the services of a broker as they receive their compensation from the lender. Brokers have a vast selection of loan options from numerous lenders at their disposal, ensuring they can locate the perfect loan that fits your specific needs. They typically aim to secure the lowest rate possible while also considering the loan features that best suit your situation.

However, be aware that some brokers might charge a service fee, but they are required to inform you of any such fees upfront before they begin providing their services.

How much can I borrow?

Although our borrowing calculator offers a good estimate of the amount you could potentially borrow, for a more accurate evaluation, we encourage you to contact our team. We’ll discuss your specific situation in greater detail and explore the various options available to you.

Should I go for a fixed or variable rate?

Variable-rate home loans are exactly what they sound like – their interest rates can go up or down over time. This type of loan usually offers more flexibility, including the ability to make extra payments or access a redraw facility, but it means your repayment amounts can vary.

Conversely, fixed-rate home loans lock in your monthly payments, so you’ll always know precisely what you’re paying each month for the life of the loan. They tend not to offer as many features but provide stability for your budgeting.

Deciding between the two comes down to what you value more: the flexibility to adapt your loan to changing circumstances or the security of knowing your repayments will stay the same.

Which lenders do you work with?

Thanks to our partnership with a mortgage aggregator, we have access to a diverse range of loan options from over 40 lenders. This extensive network enables us to present you with a variety of suitable choices tailored to your unique needs and circumstances.

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Phone Number

Email Address

Contact

Bundoora, VIC

0403 567 301

Traj Finance Pty Ltd ABN: 55 675 457 495. Credit Representative #558243 is authorised under Australian Credit License #384704

Disclaimer: This page provides general information only and has been prepared without taking into account your objectives, financial situation or needs. We recommend that you consider whether it is appropriate for your circumstances and your full financial situation will need to be reviewed prior to acceptance of any offer or product. It does not constitute legal, tax or financial advice and you should always seek professional advice in relation to your individual circumstances.