Rate Money ElevateResidential Bridging Loan
Supports owner occupiers or investors purchasing a residential property while waiting to sell an existing residential property. Both with residual debt and without residual debt scenarios supported.
At a glance
- Annual fee
- $395
- Features
- extra repayments
Rates
The one rate Rate Money Elevate publishes for this home loan.
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| VariableMinimum starting rate for residential bridging loans, higher rate applies depending on LVR and other lending criteria. | Interest only | - | - | 8.49% | - | - |
Fees
5 fees published, grouped by when they're charged.
- When you take it outUp to $4953 fees, each listed below
- While you hold it$395 a yearAnnual Fee
- When you close it or pay it offFrom $495Discharge Fee
When you take it out3
- Establishment Fee
Establishment Fee includes standard legal fees and Establishment Fee displayed include GST.
1.10% of balance - Settlement Fee
A fixed settlement fee is charged when the loan is settled.
$495 - Valuation Fee
Valuation fees depend on property type and location, GST included in fee value.
From $770
While you hold it1
- Annual Fee
An annual account fee may apply post bridging period and loan converts into standard residential loan. The applicable fee will be specified in the Letter of Offer.
$395 a year
When you close it or pay it off1
- Discharge Fee
Covers the administrative process for full or partial discharge of security, plus any legal fees.
From $495
Features
Eligibility and limits
- Minimum age 18
- Available to individuals
- Available to businesses
- Amount $200,000 to $7,000,000
- Loan must meet lending policy and criteria.
- LVRs and loan amount may vary depending on security location.
- Maximum bridging period 18 months, interest capitalised during bridging period.
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Published by Rate Money Elevate under the Consumer Data Right, last changed by them on 27 Oct 2026. Figures are shown as the institution publishes them and can change without notice; confirm on their site before applying. The Finance Algorithm earns nothing from any product listed here.