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
The benefits of our Bridging Loan
3 months interest free
6 months of no repayments*
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
Your guide to Bridging Loans
Bridging loans lets you buy a new home now while you wait to sell your old one, later. When you sell your old property, the sale funds are used to pay down your Bridging Loan, after which the loan remaining will convert to a standard variable home loan. Read out guide for a more detailed explanation.
How it works
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.
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.
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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Lending Specialist
Real humans based in Brisbane, Australia
As an experienced lending specialist, Sarah and our team can answer all your questions to get you on track.