LCA - FAQ - Do I pay interest?

Depending on the bridging period you choose, interest may be charged. The interest charged during a bridging period is structured as follows: Months 1 to 3: No interest charged and no repayment required. Months 4 to 6: Interest charged monthly, interest will be capitalised (added) to principal loan amount, no repayment required. Months 7 to 12: (if 12 month bridging period selected) Monthly interest only repayments required.

Enjoy your new home sooner with our Bridging Loan

Q: LCA - FAQ - What is the bridging period?

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).

Bridge the gap between buying and selling a home.

Multi-award winning

Bridging Loan

7.75

p.a

Rates from***

6.08

p.a

Comparison rate*

Borrow up to 90% LVR at a discounted rate***
3 months interest-free
No repayment for the first 6 months
No monthly or ongoing fees

Find Out More

Our Google Rating

4.5

548 reviews

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.

How it works

Upsizing Downsizing

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

Owner Occupier Rates

Repayment Type

Interest Only

Maximum LVR of 80%

Product	Interest rate from	Comparison rate
Bridging Loan	7.75% p.a.*^	6.08% p.a.*

Key Features

20% deposit minimum	Yes
6 or 12 months Bridging period	Yes
Fixed rate during the bridging period	Yes
No repayment required for the first 6 months	Yes
No monthly, ongoing, or settlement fees	Yes
Offset account available after bridging period	Yes
Free redraw on any additional repayments after bridging period	Yes

Fees

Application fee	$0
Ongoing fees	$0
Security assessment fee	$230^##
Government fees	At cost
Settlement fee	$0
Bridging Loan setup fee	2% of loan amount

Frequently asked questions

What is a Bridging Loan?

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.

How does a Bridging Loan work?

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.

Can Bridging Loan be pre-approved?

Yes. You can apply for a pre-approval on your Bridging Loan.

How much deposit do I need?

You will need at least 20% deposit to be eligible.

How long do I have to sell my old home?

You can take 6 or 12 months to sell your home, depending on the bridging period you choose.

Who is eligible for a Bridging Loan?

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.

What amount can I borrow?

You can borrow between $50,000 and $3,000,000.

What is the bridging period?

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).

Do I pay interest during the bridging period?

Depending on the bridging period you choose, interest may be charged. The interest charged during a bridging period is structured as follows:

Months 1 to 3: No interest charged and no repayment required.
Months 4 to 6: Interest charged monthly, interest will be capitalised (added) to principal loan amount, no repayment required.
Months 7 to 12: (if 12 month bridging period selected) Monthly interest only repayments required.

Ready to start saving on your home loan?

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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.

Book An Appointment

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.

Learn More

Customer reviews

Our Google Rating

4.5/5

548 reviews

Carolyn G.

5/5

19 Jun 2025

“ What a joy to deal with Liam and Emira from Loans.com. I started applying for my car loan last Thursday and by Tuesday afternoon the car dealer was paid. Liam and Emira were absolutely brilliant, professional and very informative. My mortgage comes off fixed next June and I know where I will be moving to. Thank you for everything. „

Vishal K.

5/5

18 Jun 2025

“ The loan process was really easy and quick. Staff is really friendly and keep you updated. Highly recommended. „

Brian S.

5/5

17 Jun 2025

“ The fastest and easiest process I have ever had in regards to any finance. From first chat to settlement in 24 hours and constant communication the entire way! Trina is first class! Emira was SENSATIONAL! BEYOND RECOMMEND! „

Simon L.

5/5

16 Jun 2025

“ I have dealt with Jessica on a recent new home loan application and Jessica and the team was absolutely amazing to deal with. Super quick and kept with in the loop throughout the process. Second to none customer services! „

Caraman C.

5/5

13 Jun 2025

“ The service and follow up provided by the loans.com.au team was impeccable. I could not have asked for a better service. „

Rojina R.

5/5

12 Jun 2025

“ I was referred to loans.com.au and now I see why, they have exceptional customer service! I feel so fortunate to have had Rena and Trina handle my application. They were both incredibly friendly, kind, and efficient when it came to processing and approving my application. They genuinely care about helping others and made the entire process smooth and enjoyable. „

Joe F.

5/5

12 Jun 2025

“ I was very impressed with loans.com.au pragmatic credit policies and the excellent service I received from Emira and Trina in applying for and settling my car loan. They also have 2 very user friendly apps to help with the process. Very easy to deal with, I would definitely recommend them to anybody wanting a stress free and smooth experience. „

Gleb L.

5/5

11 Jun 2025

“ Had good experience with Jasmine and Tiffany who supported me along the way from getting a pre-approval quickly, through the purchase and to the settlement. Not to mention competitive rates and borrowing power they provide. „

Smart friends

Refer your friends or family to loans.com.au and earn big rewards!

When they settle a home loan with us, you'll both receive a $1,000 reward. Plus, if they choose a car loan, you'll get a $250 bonus, and they'll enjoy $150 off their settlement fee. It's our way of saying thanks for spreading the word!

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Real-life customer stories

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Mary-Anne

Meet Mary-Anne, an amazing customer who needed a loan to buy her new home before the sale of her old one.

My husband and I decided to relocate. We wanted to be near our children, particularly our grandchildren, who lived interstate.
To make it work, we were selling two properties, our family home and an investment property, while also buying a new family home. The experience was challenging. It was a matter of being asset rich but cash poor, so we needed a simple loan, quickly, to help with the upfront costs of buying the new place while settling the sale of two others.

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