Bridging Loan
Home LoansData Sharing Status
If you're waiting to sell property and you're buying or building another, that's where our Bridging Loan could help. It's available for up to 12 months for Owner Occupiers and Investors.
- From
- 8.1%
- 8.15% comparison
Interest Rates
| Type | Rate | Comparison | Applies To |
|---|---|---|---|
| Variable | 8.1% | 8.15% | Variable ≤75% |
Fees
| Fee | Type | Amount |
|---|---|---|
| Bridging Loan Fee Payable for all mortgage secured loans to cover Bank Australia administration costs including preparing security documents. | Event | $595.00 |
| Redraw fee | Event | $0.00 |
| Portability Fee- New Mortgage Payable when you request that a property securing a loan is replaced with a property that is a new security to Bank Australia. | Event | $500.00 |
| Mortgage Discharge Fee Payable when you discharge the mortgage. Statutory government registration fees will still apply. | Event | $275.00 |
| Monthly Fee Charged monthly | Ongoing | $0.00 |
Features
- Digital banking
- You can self-serve your day-to-day banking needs via Bank Australia's App or Internet Banking.
- Covers the amount owing on the existing property, the contracted price for the new property, plus any other purchase costs
- No repayments required during the bridging period
- Up to 12 month term
- Extra repayments
- You can make extra repayments on variable rate loans
Eligibility
- Minimum age — 18 yearsIndividuals (natural persons) must have the legal capacity to enter into the loan contract, provide acceptable identification documentation and be 18 years or older.
- Individuals onlyIndividuals only: Not available for non-personal borrowers.
- Applications for loans are subject to the Bank's lending criteria.
- Residency status — AUAustralian citizen or permanent resident of Australia
Constraints
- Minimum limit — $10,000.00
More Information
Published by Bank Australia under the Consumer Data Right · Last updated 3 July 2026 · Product ID bdaba26f-3404-46fb-a5c1-734e5471f971 · View on CDR.gov.au · View Source Data (JSON)