BRIDGING LOAN (Interest Only)
A variable loan for home owners relocating who need bridging finance to enable them to buy their next property before selling or receiving sale proceeds from their current home.
- From (owner occupied)
- 8.94%
- 6.39% comparison
Interest Rates
| Type | Rate | Comparison | Applies To |
|---|---|---|---|
| Variable The comparison rate is based on a secured loan amount of $150,000 over a loan term of 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. | 8.94% | 6.39% | — |
Fees
| Fee | Type | Amount |
|---|---|---|
| LOAN_VARIATION_FEE Capped at $0.00 · Includes loan split requests, additional splits, loan top up on existing loan, substitution of security, loan re-fix fee and loan switches (loan switching to a different loan type) | Event | $250.00 |
| BRIDGING_LOAN_APPLICATION_FEE Capped at $0.00 · Includes application fee, one standard valuation and one legal fee for one property security. Additional valuation and legal fees may apple. | Upfront | $1,500.00 |
| LATE_PAYMENT Capped at $0.00 · Charged to loan account | Late payment | $25.00 |
| REDRAW_FEE_-_STAFF_ASSISTED Capped at $0.00 · Charged to loan account | Event | $30.00 |
| SAFE_CUSTODY_FEE Charged yearly · Capped at $0.00 · E.g. certificate of titles, wills, etc | Ongoing | $50.00 |
| RE-ISSUE_LOAN_DOCUMENTATION_FEE Capped at $0.00 · For mortgage products | Event | $300.00 |
Features
- Digital banking
- Redraw facility
- Redraw fees apply
- Extra repayments
- No penalty for extra repayments
Eligibility
- Minimum age — 18 years18 years
- Individuals only
- Residency status — Australian citizen or permanent residency only
Constraints
- Minimum limit — $10,000.00Minimum loan amount only applies at time of application
- Maximum LVR — 80%Maximum 80% LVR
More Information
Published by CommFCU under the Consumer Data Right · Last updated 1 July 2026 · Product ID L84-VAR-BRIDGE-IO · View on CDR.gov.au