Bridging Loan Property Investor | Apply Online | G&C Mutual Bank

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

Key Features
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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

Additional Information

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Footnotes:

¹ Eligibility criteria, terms & conditions and fees & charges apply.
² Comparison rate based on $150,000 loan over 25 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
³ Minimum redraw amount of $100 and $30 service fee applies.

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Any advice or information on this site does not take into account your personal objectives, financial situation or needs and you should consider whether it is appropriate for you. Please review G&C Mutual Bank's Terms and Conditions before acquiring the product.

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