Simple Construction Loan Agreement Template for Australia

1. Guarantor Provisions: Required when there are third-party guarantors for the loan

2. Insurance Requirements: Detailed insurance obligations beyond standard requirements

3. Builder Requirements: Specific provisions relating to approved builders and building contracts

4. Cost Overrun Facility: Terms for additional funding if construction costs exceed estimates

5. Environmental Matters: Required when the construction involves specific environmental considerations or risks

6. Multiple Security Properties: Required when more than one property is offered as security

7. Development Approval Conditions: Required when construction is subject to specific development approvals

1. Schedule 1 - Loan Summary: Key financial terms including loan amount, interest rate, fees, and payment schedule

2. Schedule 2 - Property Details: Legal description of the construction property and security properties

3. Schedule 3 - Construction Schedule: Detailed construction milestones and progress payment stages

4. Schedule 4 - Required Insurance: Specific insurance requirements and minimum coverage amounts

5. Schedule 5 - Drawdown Requirements: Documentation required for each construction progress payment

6. Schedule 6 - Approved Plans and Specifications: Reference to approved construction plans and specifications

7. Appendix A - Form of Drawdown Notice: Template for requesting loan drawdowns

8. Appendix B - Progress Payment Certificate: Template for builder/surveyor to certify completion of construction stages