Relocation Loan with end
Ready to buy your new home but haven't sold your old one yet? Our relocation loan could let you buy now and sell later and make your move smoother.
- From (owner occupied)
- 9.28%
- 9.1% comparison
Interest Rates
| Type | Rate | Comparison | Applies To |
|---|---|---|---|
| Variable The rates include our 0.10% p.a. discount for LVRs+ up to 70%. | 9.28% | 9.1% | LVR up to 70% |
| Variable | 9.38% | 9.2% | LVR 70% up to 80% |
Fees
| Fee | Type | Amount |
|---|---|---|
| Lending Establishment Fee | Upfront | $600.00 |
| Loan Account Fee Charged monthly | Ongoing | $8.00 |
| Document Processing Fee The Settlement Processing Fee, is a fee charged as apart of the fees for Loan Establishment. It is the fee charged for the processing of settlement services. These can include document validation, value transaction processing and, conveyancing activities required for mortgage lending settlements. | Event | $100.00 |
| Property Valuer Fee The Fee starts from $ 164 and the amount payable is dependent on location/value of security property(is) | Event | Variable |
| Missed Payment Fee Fee payable when we send customer an arrears letter relating to an overdue amount | Late payment | $15.00 |
| Loan Discharge Fee Per Mortgage | Exit | $350.00 |
Features
- A relocation loan (also known as a bridging loan) is a short term, 12-month loan that helps you buy a second property while giving you time to sell your first one (even if you still have a mortgage on it). Found your dream home but need to sell your old one for the funds? This loan helps bridge the gap between buying a new home and finalising the sale of your current one. With End Debt - those that will have a residual loan on their new property once the existing property is sold
- Buy now, sell later- Snap up that dream property when you find it. Then take time to sell your current one later to help get the price you want. A relocation loan could help you to make timely offers at inspections and auctions!
- Cover stamp duty & fees - You can even add upfront costs such as stamp duty and legal fees in your relocation loan if the value and equity in your current home is enough. It helps ease expenses.
- Avoid the rent drain - If you time it well, you could avoid the costs of having to rent a home in the period between the sale of your current property and settlement of your new home.
- No repayments during the bridging period. The interest charges are capitalised over the term of the loan.
Eligibility
- Minimum age — 18 yearsApplicant should be 18 years or over
- Residency status — An Australian citizen or permanent resident
- A new or an existing home loan customer.
- An owner occupier buying a new home, or buying vacant land to build a new home using a building contractor.
Constraints
- Minimum LVR — 0%
- Maximum LVR — 80%
- Minimum limit — $10,000.00The minimum amount financed is $10,000
- Maximum limit — $100,000,000.00The maximum amount financed is $100,000,000.00
- Maximum repayment term 12 months
- Interest Only Option - Capitalised Interest
More Information
Published by Bank of Melbourne under the Consumer Data Right · Last updated 15 May 2026 · Product ID BOMHLRelocationLoanWithEnd · View on CDR.gov.au · View Source Data (JSON)