Bridging hOME Loan
You don’t need to miss out on the home of your dreams because you need to sell your existing home first; instead use our Bridging Home Loan to take the hassle out of moving.
Bridging Home Loan Features
- Make repayments on one home loan not two by capitalising interest on your new loan during the bridging period1.
- Take up to 6 months to sell your existing home when you purchase an established home.
- Take up to 12 months to sell your existing home when you build a new one; that should take care of the construction period.
- Borrow up to 75% of the value of both security properties.
- Include additional expenses such as stamp duty in your loan amount.
Rates & Fees
- A competitive variable interest rate during the bridging period.
- Establishment fee $4452.
- No monthly service fee.
Extras
Useful Links
Important Information
Terms, conditions, fees, charges and normal lending criteria apply. Full details are available in our loan offer and on request.
1If you’re buying an established home the bridging period lasts until your existing home is sold or for 6 months, whichever is lesser. If you’re building the bridging period lasts until the building is completed or for 12 months, whichever is lesser. If you’re building you have to pay the net proceeds of sale of your existing home off the loan if you sell it before the building is completed. During the bridging period interest is calculated daily and capitalised to the loan monthly. At the end of the bridging period you must start making principal and interest repayments. 2A settlement fee of $150 and other upfront fees including valuation fees and government charges are payable. 3Eligibility criteria apply. 4Pre approved overdraft limits up to $5,000 to approved applicants.
