Buying guide
NZ Construction loans: Everything you need to know (2025)
The Trade Me Property guide to financing your next build
AI summary
Building a new home? A construction loan is your first step. You'll typically need a 10% deposit on the total land and build cost. Funds are released in stages as your build progresses, often with interest-only payments during construction.
To apply, you'll need a land agreement, builder's contract, consents, and a registered valuation. Choose between a simple turn-key contract with price certainty or a more flexible build-only contract for a customised home.
How much deposit do I need for a construction loan?
How do construction loans work?
How to apply for a construction loan
You won't get far without finance.
How much can I borrow with a construction loan?
A closer look at construction loan progress payments
Types of construction contracts
1. Turn key
2. Build-only
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The right loan can make building much easier.
A note on provisional costs (PCs)
Finding the right construction loan
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