Enjoy your new home sooner with our Bridging Loan
Bridging Loan
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Borrow up to 90% LVR at a discounted rate*** -
3 months interest-free
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No repayment for the first 6 months
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No monthly or ongoing fees
Buying your next home has never been easier. Chat through the process of securing a bridging loan with our Australian-based home lending specialists who’ll provide you with personal support when you need it.
Whether you’re upsizing or downsizing, let us give you the peace of mind knowing that you can be in your new home while waiting to sell your current home at the right time. Our bridging loan is interest-free during the first three months.
You’ll benefit from the best outcome while the sale funds from your previous property goes toward your bridging loan. Once you’ve completed the bridging period, enjoy the flexibility of an offset sub-account which can potentially speed up your repayments, and the ability to make extra repayments without any fees.
Explore more
How it works
The benefits of our bridging loan
3 months interest free
No repayments during the
first 6 months*
6 or 12 month
bridging loan period
Buy now,
sell your old home later
Sell your current property at
any time within the bridging period
Live in your old property until
your new home settles
Need to know more? Here's the whole offer
Frequently asked questions
A Bridging Loan gives you the funds to buy a new home now while you work to sell your old one within a ‘bridging’ period of either 6 or 12 months, starting from when you settle your new property.
The loan on your current home is refinanced and bundled with the loan amount of your new home to make the Bridging Loan. The bridging period of the loan exists until you sell your old home, at which point the sale funds are applied to reduce your loan, which then converts to a standard variable home loan against just your new property.
Yes. You can apply for a pre-approval on your Bridging Loan.
You will need at least 20% deposit to be eligible.
You can take 6 or 12 months to sell your home, depending on the bridging period you choose.
Our Bridging Loan is available to customers who are selling their existing owner occupied or investment property, to purchase a new owner occupied property. The new purchase must be owner occupied.
You can borrow between $50,000 and $3,000,000.
The bridging period refers to a maximum 6 or 12 month term, selected by you, between when you settle your new home (now) and when you sell your old one (later).
Depending on the bridging period you choose, interest may be charged. The interest charged during a bridging period is structured as follows:
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Months 1 to 3: No interest charged and no repayment required.
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Months 4 to 6: Interest charged monthly, interest will be capitalised (added) to principal loan amount, no repayment required.
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Months 7 to 12: (if 12 month bridging period selected) Monthly interest only repayments required.
Our bridging loan application process
Speak to our Specialist
Make an appointment with our lending specialists who will guide you through the bridging loan process, including getting a pre-approval tailored to your needs.
Upload & Track
Submit your documents and monitor your application in real time via our onTrack portal.
Approval & Signing
Review and sign your mortgage documents and loan agreement via onTrack.
Settlement
Your loan settles, which means your funds will be ready.
Manage Your Loan
You'll receive your login details to manage your repayments and account details via our Smart Money app.
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