SCCU
BRIDGING HOME LOAN
Existing Home Owner requiring finance to buy a new home whilst in the process of selling their existing property.
Home loansBank updated 9 June 2026
At a glance
- Features
- offset, redraw, extra repayments
§ 01 — Rates · 1
| 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% | — |
§ 02 — Fees · 9
| Fee | Type | Amount | When | Notes |
|---|---|---|---|---|
| PROPERTY_VALUATION_FEE | Cash advance | No 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. |
| DIRECT_DEBIT_DISHONOUR | Event | $15 | — | Charged if your direct debit payment is dishonoured due to insufficient funds |
| HOME_LOAN_LEGAL_FEE | Event | $430 | — | A one off fee required to document and settle your loan. |
| HOME_LOAN_SECURITY_VARIATION | Event | $300 | — | When there is a variation made to the security used for an existing loan agreement. Charged per security. |
| LOAN_DISCHARGE_FEE | Event | $150 | — | This fee covers the costs associated with releasing your title and is charged per security discharged |
| LOAN_VARIATION | Event | $150 | — | When there is a variation made to the terms of an existing loan agreement. For example principal reduction, change to loan term. |
| RECONTRACTING_FEE | Event | $150 | — | Any amendments made to the loan after the loan contract has been created but before it has been funded will incur a fee. |
| REDRAW_IN_BRANCH | Transaction | $25 | — | Charged if you access advance payment on your loan in-branch. Redraw available while on VARIABLE rates only |
| BRIDGING_LOAN_ESTABLISHMENT_FEE | Upfront | 0.25% of balance | — | 0.25% of loan amount charged upfront |
§ 03 — Features
Offset accountRedrawExtra repayments
- · Access to funds for up to 6mths for the purchase of new property while awaiting sale or existing property
§ 04 — Eligibility & 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
§ 05 — Compare
§ 06 — Run the numbers
Put this product through a calculator
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.