Home loans for construction


Big four banks

Australia's big four banks - ANZ, CBA, NAB and Westpac - dominate the financial market, account for roughly 74% of home loans in Australia by value.

Major banks

Other major banks account for close to 20% of home loans in Australia. Some are also owned by the big 4 banks. They tend to have a stricter lending policies compare to the big 4 banks, and some lenders are very conservative with their assessment process, hence they are able to offer slighly lower interest rates.

Mutual banks and credit unions

Mutual banks, credit unions, and buildings societies all fall into the customer-owned banking sector in Australia. Although customer-owned banks can often offer you a better interest than other banks and lenders, you generally have to be a strong borrower to get approved.

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