Following the RBA's decision to decrease the official cash rate, our variable interest rates for existing customers will decrease by 0.25% effective from the 26th August 2025.
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Enjoy your new home sooner with our Bridging Loan

Bridge the gap between buying and selling a home.

Multi-award winning

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Bridging Loan

7.50
%
p.a
Rates from***
5.83
%
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
Our Google Rating
4.5
548 reviews

How it works

Upsizing Diagram
Downsizing Diagram

The benefits of our bridging loan

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3 months interest free
features-icon
No repayments during the
first 6 months*
features-icon
6 or 12 month
bridging loan period
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Buy now,
sell your old home later
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Sell your current property at
any time within the bridging period
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Live in your old property until
your new home settles

Need to know more? Here's the whole offer

Repayment Type

Maximum LVR of 80%

Product Interest rate from Comparison rate
Bridging Loan 7.50% p.a.*^ 5.83% p.a.*
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
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

Work out your loan repayments

Use our home loan calculator to estimate what your monthly mortgage repayments could be.

Your loan details

years
Loan purpose
Loan type
Repayment type
Repayment frequency
Rate type
Most Popular

Bridging Loan

Owner Occupied Interest Only Up to 80% LVR
Purchase a new home before selling an existing one

Interest rate
7.50 %   p.a.
5.83% p.a.

Estimated repayments#
$323 per month
Loan amount
$50,000
Interest charged
$82,676

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: 

  • 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?

Our bridging loan application process

1
Speak to our Specialist

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
2
Upload & Track

Upload & Track

Submit your documents and monitor your application in real time via our onTrack portal.

3
Approval & Signing

Approval & Signing

Review and sign your mortgage documents and loan agreement via onTrack.

4
Settlement

Settlement

Your loan settles, which means your funds will be ready.

5
Manage Your Loan

Manage Your Loan

You'll receive your login details to manage your repayments and account details via our Smart Money app.

Customer reviews

Our Google Rating

star-full star-full star-full star-full star-full
4.5/5
548 reviews

Real-life customer stories

View all
Slide 1

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.

Slide 1

Bradley

Meet Bradley, an amazing customer of ours who came to us when he wanted to refinance a complex home loan and kickstart his property investment journey.

  • Bradley had been with a major bank for over 20 years when he decided to restart his property investment journey. During the COVID period, he began looking into ways to unlock the equity in his home and expand his financial portfolio. However, the experience with his existing bank was anything but smooth.

  • With a background in engineering and a busy family life, Bradley wanted a streamlined and supportive lending experience that could help him achieve his goals without the red tape.

Ready to start saving?

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