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Bridging Loan

A fully secured, short term property funding loan for members who wish to sell existing property and who have found a new property to purchase.

A bcu Bridging Loan allows you to go ahead and negotiate a new property purchase before selling your existing property.

6.26% p.a.

Variable rate

For principal and interest loans of $50,000 or more, up to 85% of the property value.

Benefits

Easy pre-approval valid for 3 months

Loan term

Up to 12 months

Easy Access

Additional payments

Make extra repayments to your loan when it suits you

Flexibility

Home loan specialists

To help you at every stage

Redraw

Buy with confidence

Pre-approval valid for 3 months

Loan details

Maximum term 6 or 12 months
Minimum loan $50,000
Redraw available (excludes Interest only loans)
Maximum borrowing amount up to the property value (with LMI) 85%
Maximum borrowing amount up to the property value (without LMI) 80%
Offset facility
Principal and Interest
Interest only option available - see interest rate below
Available for construction
Interest rate 6.26% p.a.

Important information


Credit products issued by Police & Nurses Limited (bcu) ABN 69 087 651 876 AFSL/Australian Credit Licence 240701. Lending criteria, terms & conditions, fees & charges apply. Rates subject to change. Comparison rate calculated on a loan amount of $150,000 over a term of 25 years based on monthly repayments. For variable Interest Only loans, comparison rates are based on an initial 3 year Interest Only period. For fixed Interest Only loans, comparison rates are based on an initial Interest Only period equal in length to the fixed period. During an Interest Only period, your Interest Only payments will not reduce your loan balance. This may mean you pay more interest over the life of the loan. WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

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