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Build your dream home with our Construction option.

Enjoy the option to make progress payments to your builder for your new home build or renovation, and pay interest on only the amount you’ve drawn down. A great option for owner occupiers or investors.

Why choose our construction option?

Interest only payments

Loan repayments are interest only while you’re building and charged only on what you’ve drawn down. Great to help manage your budget.

Pay at each completed stage

Pay your builder as they complete various stages, slab, roof lock up and completion.


It can take time to get going, so there’s no set time on construction commencement after your land settlement.

We’re with you every step

Your local RAMS Home Loan Specialist can help guide you every step of the way, from start to completion.

If you’re building a new home or doing a major reno, a home loan with added flexibility can really help. You can add the RAMS Construction option to our Full Feature, Fixed Rate, Fixed Rate Classic and Essential home loans, helping you create the ideal loan for your needs.

With our Construction option, you can draw down your loan in stages, and make payments to the builder once they’ve reached pre-defined construction milestones, such as getting the slab down or the roof on.

During that time, your repayments are interest only, and only on the amount you’ve drawn down. This way, you smooth out your budget and help the builder’s cashflow – a win-win.  Learn more about our Construction option.

Check out our RAMS home loan products that work with our Construction option.

Essential Home Loan

With flexibility to redraw or make extra repayments, this is simplicity at a competitive rate! Welcome to our no frills variable rate Essential Home Loan

Fixed Rate Home Loan (Packaged)

Lock in certainty. Set your repayment amount for 1-5 or 10 years, with up to $30k in extra repayments with no break costs and the ability to redraw.

Full Feature Home Loan

Ultimate flexibility, with an offset account, parental leave options, easy redraw and access to additional bonuses.

Fixed Rate Classic

A simple fixed-rate home loan the gives you the certainty of set repayment amounts, with the ability to redraw, or make lump sum repayments (up to $30K over the fixed term) without break costs.

Speak to a home loan specialist

A RAMS Home Loan Specialist makes a difference

The right home loan for you

A RAMS home loan specialist will find the right home loan to suit you and your stage of life.

Smooth process

Our home loan specialists take the ‘hard’ out of the process for you. They’ll come to you, at a time and place that suits you and sort out approval in days, not weeks, wherever possible.

Personal service

You’ll have a dedicated home loan specialist from start to finish, so you’ll only have to tell your story once.  You’ll also have their mobile number, so whatever arises, you can get things sorted.

Home loan calculators

Use our handy home loan calculators below to work out what you could afford to borrow, and what your repayments might be.

Community engagement

RAMS proud winner of Best Self-Employed Lender
for four years running in the
2017, 2018, 2019 and 2020 Australian Lending Awards.

RAMS proudly supports The Kids' Cancer Project

More information:

Credit criteria, fees, charges, terms, conditions and eligibility requirements apply. RAMS home loans are not available for foreign borrowers residing outside Australia.