Westpac
Bridging Home Loan
Apart from buying an existing property, bridging loans are also an option if you want to stay in your current property while you build a new property. It saves you the hassle of selling your property and renting somewhere short-term, not to mention having to pay for the costs of moving twice.
Home loansBank updated 21 Aug 2026
At a glance
- Max LVR
- 80%
- Annual fee
- $96
- Features
- extra repayments
§ 01 — Rates · 2
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| VariableAfter 3 months, the rates increases by 1% for the remainder Bridging loan term. | Owner occupied · Interest only | — | ≤70% LVR | 9.32% | 9.14% | — |
| VariableMaximum LVR for Non Mortgage Insured Loan: 80%, Maximum LVR for Mortgage Insured Loan | Owner occupied · Interest only | — | 70–80% LVR | 9.42% | 9.24% | — |
§ 02 — Fees · 8
| Fee | Type | Amount | When | Notes |
|---|---|---|---|---|
| Account Overdrawn Fee | Event | $15 | — | — |
| Bank Cheque Issuance Fee | Event | $10 | — | $10 per cheque (1st cheque is free) |
| Document Processing Fee | Event | $100 | — | — |
| Property Valuer Fee | Event | Varies | — | — |
| Loan Discharge Fee | Exit | $350 | — | — |
| Missed Payment Fee | Late payment | $15 | — | — |
| Monthly Loan Account Fee | Periodic | $8 | Every 1 mo | — |
| Lending Establishment Fee | Upfront | $600 | — | — |
§ 03 — Features
Extra repaymentsGuarantor optionFraud protectionRelationship manager
- · Bridging Loan is a short term loan (usually up to 12 months) that is closed when your existing property is sold. The size of the bridging loan is calculated on the available equity in your current ho…
- · This loan helps you to proceed with confidence when you've found a new home but haven't started the process of getting your current home ready for sale
- · Avoiding the hassle of having to rent, so you can skip the stress of having to sell your current home, move into a rental property and then move again once you've found a new home
- · Having the option of making payments only on your current loan (you'll need to pay interest on your bridging loan when you sell your existing home and the bridging loan is closed)
- · Having the option to make payments during the bridging period to reduce the amount of interest payable.
- · Adding upfront costs such as stamp duty and legal fees to your bridging loan if the property value and equity is sufficient.
- · Statements of account : We will send you a statement of your loan account at least every six months or more frequently if you request
- · Construction available for the End Debt Only.
- · This loan can be part of a combination loan
- · The product provides options which includes progressive drawdown, repayment holiday, loan increase (top up)
§ 04 — Eligibility & limits
- · Residency: Those with an Australian permanent residency and who are currently in Australia
- · Amount $10,000 to no maximum
- · Maximum LVR 80%
- · Applicants can be Individuals or Discretionary or Family Trust ( Individual Trustee only). It is not available to Non-residents, Partnerships, SMSF, Unit trusts (non-individual / non-natural trustees…
- · Available for existing home loan customers only.
- · Maximum repayment term 12 months
§ 06 — Run the numbers
Put this product through a calculator
Published by Westpac under the Consumer Data Right, last changed by them on 21 Aug 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.