---
title: "BRIDGING HOME LOAN — Southern Cross Credit Union"
description: "Home Loans from Southern Cross Credit Union. Rates, fees, features and eligibility as published under Australia's Consumer Data Right."
canonical: https://www.cdrcompare.au/brands/southern-cross-credit-union/products/BRIDGING_HOME_LOAN
source: "CDR Compare"
language: en-AU
last_updated: 2026-06-09T11:07:03.000+10:00
---

# BRIDGING HOME LOAN — Southern Cross Credit Union

> Home Loans from Southern Cross Credit Union. Rates, fees, features and eligibility as published by the provider under Australia's Consumer Data Right, compared on CDR Compare.

**Home Loans · SCCU**

Existing Home Owner requiring finance to buy a new home whilst in the process of selling their existing property.

## At a glance

- **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 — This fee covers the cost of valuing your property. When valuation is required, cost may vary dependant on a number of factors. Cost will be confirmed prior to ordering. | Cash advance | $0.00 |
| REDRAW_IN_BRANCH — Charged if you access advance payment on your loan in-branch. Redraw available while on VARIABLE rates only | Transaction | $25.00 |
| RECONTRACTING_FEE — Any amendments made to the loan after the loan contract has been created but before it has been funded will incur a fee. | Event | $150.00 |

## 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 status** (Must 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 from Southern Cross Credit Union

- [Terms & conditions](https://www.sccu.com.au/sccu-loan-contract-general-terms-and-conditions/)
- [Eligibility](https://www.sccu.com.au/Bridging-Loan-TMD)
- [Fees & pricing](https://www.sccu.com.au/Schedule-of-Fees-and-Charges-Home-Loan-and-Personal-Loan)

## Data provenance

- Published by Southern Cross Credit Union under the Consumer Data Right
- Product ID: `BRIDGING_HOME_LOAN`
- Last updated by the provider: 9 June 2026
- Source payload (JSON): https://www.cdrcompare.au/api/raw/southern-cross-credit-union/BRIDGING_HOME_LOAN
- Provider page: https://www.cdrcompare.au/brands/southern-cross-credit-union
- CDR register entry: https://www.cdr.gov.au/find-a-provider?provider=000103

---

Source: [CDR Compare](https://www.cdrcompare.au/brands/southern-cross-credit-union/products/BRIDGING_HOME_LOAN) — product data published by Australian data holders under the Consumer Data Right. Not financial advice; no rankings, recommendations or affiliate relationships. Always confirm details with the provider.

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