This loan helps 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 | 9.24% p.a. | 9.32% p.a. |
| Features | |
| Minimum loan amount | No minimum |
| Maximum LVR | If members will have a continuing debt after selling one property, the maximum LVR is 75% during the bridging period. If loan will be fully repaid after the sale of one property, the maximum LVR is 50% during the bridging period. |
| Maximum LVR with Lender Mortgage Insurance | N/A |
| Get Ahead Start Guarantor (borrow up to 100% LVR) | No |
| Maximum loan term | 12 months |
| Interest calculation | Calculated daily, charged monthly |
| Repayment type | Interest Only |
| Repayment frequency | Monthly |
| Monthly loan fee | $0 |
| Package fee | $0 |
| Extra repayments | Unlimited |
| Interest offset | No |
| Redraw | Yes2 |
| Pre-approval | Yes |
| Loan preparation fees | At cost |
| Increase/top up | No |
| Second mortgage security | Yes |
| Vacant land as sole security | Yes |
| Establishment Fee | Dependent on loan amount |
| Investment Property as Security | Yes |
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.
2 Minimum redraw amount of $100 applies.
Eligibility criteria, terms and conditions, fees and charges apply.
