BRIDGING HOME LOAN
Existing Home Owner requiring finance to buy a new home whilst in the process of selling their existing property.
- From (owner occupied)
- 7.58%
- 7.38% comparison
Interest Rates
| Type | Rate | Comparison | Applies To |
|---|---|---|---|
| Variable Interest Only variable rate loan with interest capitalised over the loan period of 6 months. | 7.58% | 7.38% | — |
Fees
| Fee | Type | Amount |
|---|---|---|
| BRIDGING_LOAN_ESTABLISHMENT_FEE 0.25% of loan amount charged upfront | Upfront | 0.25% of balance |
| DIRECT_DEBIT_DISHONOUR Charged if your direct debit payment is dishonoured due to insufficient funds | Event | $15.00 |
| HOME_LOAN_LEGAL_FEE A one off fee required to document and settle your loan. | Event | $430.00 |
| HOME_LOAN_SECURITY_VARIATION When there is a variation made to the security used for an existing loan agreement. Charged per security. | Event | $300.00 |
| LOAN_DISCHARGE_FEE This fee covers the costs associated with releasing your title and is charged per security discharged | Event | $150.00 |
| LOAN_VARIATION When there is a variation made to the terms of an existing loan agreement. For example principal reduction, change to loan term. | Event | $150.00 |
| PROPERTY_VALUATION_FEE |
Features
- Offset account
- Up to 8 offset accounts available
- Redraw facility
- access to additional repayments
- Access to funds for up to 6mths for the purchase of new property while awaiting sale or existing property
- Extra repayments
- Can make extra payments or pay out early without additional charge
Eligibility
- Individuals only
- Minimum age — 18 years
- Residency statusMust be an Australian Citizen or permanent resident, with an Australian residential address
- Be able to meet SCCU assessment criteria and capacity demonstrated to repay the loan
- Provide acceptable residential mortgage security which must be insured with SCCU noted as interested party
More Information
Published by Southern Cross Credit Union under the Consumer Data Right · Last updated 9 June 2026 · Product ID BRIDGING_HOME_LOAN · View on CDR.gov.au