Our Bridging Loan is designed to help you bridge the gap for up to 12 months, providing the funds you need to buy your new home before your current property is sold.
| Interest Only | ||
| Interest rate | Comparison rate | |
| Bridging Loan - Owner Occupied | 7.50% p.a. | 7.61% p.a. |
| Features | |
| Minimum loan amount | $0 |
| Maximum loan amount | $5,000,000 |
| Maximum LVR | 75% during the bridging period where a continuing debt will exist after selling one property, or 60% if the debt is to be fully repaid after the sale of one property |
| Maximum loan term | 12 months |
| Interest calculation | Calculated daily, charged monthly |
| Interest type | Variable |
| Interest offset | No |
| Repayment type | Interest Only |
| Repayment frequency | Monthly |
| Extra repayments | Unlimited |
| Security | Secured |
| Redraw | Yes3 |
| Split loan option | Yes |
| Pre-approval | Yes |
| Increase/top up | No |
| Establishment fee | $750 |
| Ongoing fees | No |
Whether you need help with budgeting, financing, or understanding the home buying process, we are here to help you with every step of the way and make informed decisions. Submit your enquiry now and take the first step towards your dream home.
"We were very pleased with the speed and personalised service we received from the team at Unity Bank in helping us purchase our first home. We also found their products to be very competitive. Unity Bank has more of a family feel to it than a corporation. We have already recommended them to others, as we are very happy with them."
Emanuel, Member
For more related frequently asked questions, visit our FAQs page.
3 Minimum redraw amount of $100 applies.
