This loan helps bridge the gap for up to 12 months, providing the funds you need to buy your new home before your current property is sold.

5.27 % p.a. Interest rate 5.31 % p.a. Comparison rate

Product Features:

Home Loan Features
Minimum loan amount : No minimum
Maximum LVR : If members will have a continuing debt after selling one property, the maximum LVR is 75% during the bridging period. If loan will be fully repaid after the sale of one property, the maximum LVR is 50% during the bridging period.
Maximum loan term : Maximum 12 months. For bridging loans with a continuing debt following the sale of one property, loan to be reviewed on receipt of the sale proceeds to structure the continuing debt. All product options available at that time may be considered.
Interest charges : Calculated daily, debited monthly
Repayment type : Interest Only
Repayment frequency : Monthly due 1st day of each month
Monthly loan fee : $0
Package fee : $0
Extra repayments : Unlimited
Interest offset : No
Redraw : Yes
In principle approval : Yes
Lenders Mortgage Insurance : No
Loan preparation fees : At cost
Increase/top up : Yes, subject to approval
Second mortgage security : On application
Vacant land as sole security : Yes
Get Ahead Start Guarantor : No
Investment Property as Security : Yes