Bridging Home Loan
Short-term bridging finance, used to purchase a new owner-occupied property before the sale of an existing property. This loan reverts to a Standard Home Loan once the bridging period is complete.
- From (owner occupied)
- 8.44%
- 6.88% comparison
Interest Rates
| Type | Rate | Comparison | Applies To |
|---|---|---|---|
| Fixed · 1 year Repayment terms: Months 1–3 no interest is capitalised and no monthly repayments required; Months 4–6 interest accrues and is capitalised to the loan with no repayments required; remaining term interest-only repayments apply. | 8.44% | 6.88% | Loan-to-Value Ratio (LVR) |
Fees
| Fee | Type | Amount |
|---|---|---|
| Bridging Loan Setup Fee A fee of 2% of the total loan amount charged at settlement of your Bridging Loan | Event | 2% of balance |
| Discharge Documentation Fee A fee charged for preparing the necessary documentation when the loan is fully repaid and discharged. Waived if loan runs to term. | Exit | $250.00 |
| Discharge Administration Fee A fee applied when releasing our mortgage to cover administrative processing of the discharge request. Waived if loan runs to term. | Exit | $300.00 |
| Valuation Fee A variable fee applied to each security, charged at cost, to determine the value of the assets used as security for the loan. | Event | From $221.00 |
| Rate Lock Fee Fixed Rate Lock Fee allows borrowers to lock in the fixed rate for 90 days, protecting against potential rate increases until settlement; compulsory for 5-year fixed terms and optional for other fixed terms. | Upfront | $350.00 |
| Break Cost Administration Fee Fixed Break Cost Administration Fee charged when a borrower breaks their fixed rate period, covering the administration of processing the break request, charged in addition to the Fixed Rate Break Cost. |
Features
- Extra repayments
- Allows borrowers to make additional repayments on the loan to reduce interest and pay off the loan faster. Limited to a maximum of $10,000 per year during the fixed term.
Eligibility
- Residency status — Are Australian or New Zealand citizens living and working in either Australia or New Zealand, or are Permanent Residents of Australia living and working in Australia.
- Minimum age — 18 yearsApplicants must be at least 18 years old to apply for this loan.
Constraints
- The loan term cannot exceed 30 years. — P30Y
- The loan term must be at least 15 years. — P15Y
- Maximum limit — $3,000,000.00The maximum application amount available under this product is $3,000,000.
- Maximum limit — $2,000,000.00The maximum residual debt at the end of the bridging period must not exceed $2,000,000
- Maximum LVR — 80%The maximum LVR of this product is 80%.
- Minimum limit — $50,000.00The minimum application amount that can be borrowed is $50,000.
Published by Firstmac under the Consumer Data Right · Last updated 1 July 2026 · Product ID fmc-bridging