Bridging Loan
Features of a Bridging Loan
A bridging loan provides essential short-term financial support for homebuyers who want to purchase a new property before selling their current one. It’s specifically designed to help you move forward with your property plans without the stress of tight timelines or losing out on your ideal home. Instead of waiting for your existing property to sell—which could delay your next purchase or cause you to miss out on a competitive opportunity—a bridging loan “bridges the gap” by offering the funds you need now.
This type of loan often includes features like interest-only repayments, offset account options to reduce interest, and flexible repayment terms, all aimed at keeping your financial burden low during the transition. Once your current property is sold, the proceeds are typically used to repay the bridging loan, allowing for a smooth and structured move to your new home.
Up to 12-Month Term – Gives you time to sell your existing property without pressure.
Fixed or Variable Terms: Tailored repayment plans to fit your budget and business goals.
Quick Approval Process: Efficient application and funding to get your asset working for you sooner.
Ownership Flexibility: Options available to own the asset at the end of the term or continue leasing.
