Bridging Loan

Buying and selling real estate doesn't always have perfect timing. If your client finds their dream home, but has not yet sold their current property, a Bridging Loan is a great short-term loan solution. We can help your client purchase their new home via bridging finance while finalising the sale of their existing property.

Bridging Loan

5.99 % PA
6.07 % PA
Comparison Rate *
Rates effective from 20/08/2018
  • Option to make additional or lump sum repayments
  • Minimum loan amount from $20,000
  • Loan term - 6 months (12 months in exceptional circumstances)
  • Interest Capitalised + no payments for loan term
  • Introductory loan only (cannot switch into)

All Heritage Products have these great features

  • Interest is calculated daily
  • Direct Salary credit to loan
  • Available for non-residents
  • Transaction accounts which have free transactions
  • LMI is applicable when LVR is more than 80%
  • LMI can be capitalised (Max 95% LVR)
  • Internet and phone banking are available
  • Can switch between all products except into Living Equity and Bridging Loans.
  • Repayment method – minimum monthly repayment can be paid at any time during the month.
  • Additional repayments can be made, with no maximum repayment amounts.
  • Progressive Valuation Fees apply (excludes Living Equity and Bridging Loan) – ask your BDM.