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If you want to buy or build your next home before you sell your existing one, a Bridging Home Loan can help. 

A Bridging Home Loan allows you to1:
  • Take up to 6 months to sell your existing home when purchasing an established home
  • Take up to 12 months to sell your existing home when building a new home
  • Borrow additional expenses such as stamp duty and other fees
  • Avoid the need for repayments during the bridging period2 – the interest on your new loan is capitalised during that period3
  • Borrow up to 75% of the value of both homes including the capitalised interest
  • Apply for a Bridging Home Loan even if your existing home loan is with another lender

Our Bridging Home Loan is available at our current standard variable interest rate. For more information download our Bridging Home Loan Information Sheet.

Please note our Bridging Home Loan is not available as an Investment Loan.

1.Terms, conditions and normal lending criteria apply.  Fees and charges are payable.
2. If you’re buying an established home the bridging period lasts until your existing home is sold or for 6 months, whichever is shorter.  If you’re building the bridging period lasts until the building is completed or for 12 months, whichever is shorter. 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. At the end of the bridging period you must start making principal and interest repayments.
3. Interest is calculated daily on the daily balance of your loan and debited to your loan monthly.

For current interest rates, please refer to our Home Loan Comparison Rate Schedule which can be downloaded here.
     
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