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.
6.08
%
p.a.
Interest rate
6.11
%
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, charged monthly |
| Repayment type : | Interest Only |
| Repayment frequency : | Monthly due 1st day of each month |
| Monthly loan fee / Annual Package fee : | 0 |
| Extra repayments : | Unlimited |
| Interest offset : | No |
| Redraw : | Yes |
| In principle approval : | Yes |
| Lenders' Mortgage Insurance : | No |
| Loan preparation fees : | Refer to Fees & Charges brochure for current fees applicable |
| 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 |
