Construction Home Loan
With you Throughout the Journey and Beyond
Building your dream home could be just a few steps away now. If you are looking for a construction home loan that could help you make the home of your dreams, Anance has the loans solution for you. 
Owner Builder, Contract Builder Or Renovation
Whether you are an investor or looking for an owner-occupied House and Land packages, we can help you to select the right construction home loan with competitive interest rates.
Your construction loan should ideally be structured to access the progress payment options. At Anance, we will explain to you the construction phases and progressive payments option. Payments are made directly to the builder upon completion of the home construction phase.
Stages of the Construction
| Stage | Description |
|---|---|
| Slab or Base | During this stage, the foundation is laid down. Hence, we are ready for framing. |
| Frame | This stage of the building is relatively quick but gives you a chance to get a feel for the finished house. It includes the installation of internal and external support system. During this stage, the builder will set the walls and make room for the electrical and plumbing system. |
| Lockup Stage | At this stage, the installation of the windows and doors will be complete allowing you to effectively ‘lockup’ the house. |
| Fixing Stage | During this stage, plumbing, electrical and other fixtures are installed. |
| Completion | Installation and commission of equipment and getting your house ready to move in. |
Once you have decided to proceed with the development of your house, you are required to provide an official “Authority to Commence” document from your lender. Once the loan is established, you are required to complete the construction within a year. Construction home loans at times may attract a higher interest rate as banks do not have any comparisons to value your property.
Our team has extensive experience in this field and would provide you with a suitable solution that is tailored to your needs.
We make the task for everyone easier by taking care of all their home loan needs.
We ensure fast processing of Construction Loans and a better experience!
