BRIDGING HOME LOAN
Existing Home Owner requiring finance to buy a new home whilst in the process of selling their existing property.
At a glance
- Features
- offset, redraw, extra repayments
Rates
The one rate SCCU publishes for this home loan.
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| VariableInterest Only variable rate loan with interest capitalised over the loan period of 6 months. | Owner occupied, Interest only | - | - | 7.58% | 7.38% | - |
Fees
9 fees published, grouped by when they're charged.
When you take it out1
- BRIDGING_LOAN_ESTABLISHMENT_FEE
0.25% of loan amount charged upfront
0.25% of balance
When you make a transaction2
- 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.
No fee - REDRAW_IN_BRANCH
Charged if you access advance payment on your loan in-branch. Redraw available while on VARIABLE rates only
$25
When particular things happen6
- DIRECT_DEBIT_DISHONOUR
Charged if your direct debit payment is dishonoured due to insufficient funds
$15 - HOME_LOAN_LEGAL_FEE
A one off fee required to document and settle your loan.
$430 - HOME_LOAN_SECURITY_VARIATION
When there is a variation made to the security used for an existing loan agreement. Charged per security.
$300 - LOAN_DISCHARGE_FEE
This fee covers the costs associated with releasing your title and is charged per security discharged
$150 - LOAN_VARIATION
When there is a variation made to the terms of an existing loan agreement. For example principal reduction, change to loan term.
$150 - 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.
$150
Features
- Access to funds for up to 6mths for the purchase of new property while awaiting sale or existing property
Eligibility and limits
- Minimum age 18
- Residency: Must be an Australian Citizen or permanent resident, with an Australian residential address
- Available to individuals
- 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
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Published by Southern Cross Credit Union under the Consumer Data Right, last changed by them on 9 June 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.