Bridging Loan

Finding your dream home can happen when you least expect it. You may not have put your existing home on the market yet or you might be waiting for the right buyer. Either way, we can help you purchase your new property via bridging finance while you finalise the sale of your existing property.

A bridging loan is a short-term loan and does just as its name implies - it bridges the finance gap between the sale of your current home and the purchase of your new home.

To find out if a bridging loan could work for you talk to one of our lending specialists today. Visit your local branch or phone 13 14 22.

Bridging loan rates

Interest Rate

Comparison Rate *

Bridging Loan5.04%5.11%
Rates effective from 01/11/2016

Bridging Loan features

Bridging Loan
Bridging Loan
FeaturesEnquire
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Package Available
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Minimum Loan
$20,000
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Minimum Loan Top Up
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Maximum Loan Term
1 Year
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Minimum Loan Term
6 Months
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Additional Repayments
Yes (unlimited)
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Redraw Facility
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Switch Available
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Split Loan
Tick
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Interest Only Option
Tick
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Maximum Interest Only Term
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Access Methods
ATM, EFTPOS, Debit/Credit Card, BPAY, Internet, Telephone, Branch
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Offset Account
FeesEnquire
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Rate Guarantee
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Break costs/charges
Upfront Application Fee$900
Monthly Loan Service Fee$0
Cost Per Redraw

* Based on a $150,000 loan over 25 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

Interest rates are on a per annum basis. Rates and discounts are correct as stated and subject to change without notice. Discounts shown are for new loans and do not apply to switches or internal refinances. Discounts are not available in conjunction with any other interest rate discount or special offer. All fixed rates are fixed for the period stated and revert to the variable rate applying at expiration of the fixed term. To approved applicants only. Conditions, criteria and fees apply.

Home Advantage Variable rates include discounts shown from the Standard Variable rate. Home Advantage Living Equity rates include discounts from the Living Equity rate. Discounts are based on total lending in the package.

Generate a personalised Key Fact Sheet based on your loan amount, term and repayments. This tool is provided to help you compare home loans from Heritage with other financial institutions.