Construction Loans › What are the standard stages of a construction loan?

What are the standard stages of a construction loan?

Most builds follow set stages: a deposit or base or slab stage, frame, lock up, fixing, then practical completion. The lender releases a payment to the builder as each stage is finished and verified.

Written by Ross McFarlane, Licensed Mortgage Broker (Credit Representative 526725). About the author

Why this matters

These stages give the build a clear rhythm and tell you when each drawdown happens. Your building contract sets out the exact amount payable at each one. Knowing the sequence helps you track progress and understand why funds are released when they are, rather than in one lump.

The key points

Deposit or slab, frame, lock up, fixing, completion.
A drawdown is released as each stage finishes.
Your contract sets the amount for each stage.
Each stage is verified before payment.

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Last reviewed: June 2026

General information only. This page provides general information about home loans and is not financial or credit advice, a quote, or a guarantee, and your personal circumstances have not been considered. Lending policies, interest rates, fees and eligibility vary by lender and change over time. Always confirm your own situation with a licensed mortgage broker or lender before acting. Ross McFarlane (Credit Representative 526725) is an authorised Credit Representative of Australian Associated Advisers Pty Ltd t/a Keylend, Australian Credit Licence 392169.