Bridging Home Loan
Variable rate
Comparison rate*
Why choose a Bridging Loan?
Short term loans
Loan terms of six or 12 months.
Borrow up to 80%
With a Bridging Loan, you can borrow up to 80% of the property value.
No ongoing fees
No ongoing monthly loan maintenance fees.
Make extra repayments
Make extra payments without penalty, so you can own your home sooner.
The home loan features don't stop there
- Competitive variable interest rate.
- No ongoing monthly or annual fees.
- No repayments required – but you can make payments if you’d like.
- If you'd like to make payments, choose to repay weekly, fortnightly, or monthly.
Rates and fees
The basics
| Loan purpose | Owner occupier |
| Minimum loan amount | $20,000 |
| Maximum loan term | 12 months |
Interest rates
| Loan to Value Ratio (LVR) | Variable rate |
Comparison rate*
|
|---|---|---|
| Up to 80% | 9.76% p.a. | 9.79% p.a. |
| Fee type | |
|---|---|
| Monthly fee | $0.00 |
| Annual fee | $0.00 |
| Document preparation fee | $300.00 |
Other fees & charges that apply to all of our accounts can be found on our fees and charges page.
How much could you borrow?
Use our handy home loan borrowing power calculator to get an idea of much you could potentially borrow. We’ll just need the basics about what you earn, spend, and owe, and we’ll figure out the rest.
Home loan borrowing power calculator
More calculators
Ready to apply for a home loan?
It’s easy to get started with a BCU Bank home loan. Choose the way that suits you:
- In your nearest branch – remember to bring all your ID and supporting documents with you.
- Over the phone – call us on 1300 228 228 and one of our friendly consultants will help you with your home loan application.
- At home or at work – our mobile lending team can meet at a time and place that suits you, or we can set up a video call.
A little preparation can make your home loan application quicker and easier. Make sure you have the following ready:
- Identity documents
- primary photo ID (e.g. passport or driver licence), or
- primary ID without a photo (e.g. birth certificate or citizenship certificate) and a secondary ID (e.g. utility bill with your name and address on it).
- Employment details – contact details of your current and previous employer (if current is less than two years).
- Income details – payslips or, if you're self-employed, tax assessments for the last two years, and financial statements.
- Regular expenses – such as rent, food, electricity, insurance, telcos, and medical costs.
- Assets – a rundown of any assets that you own (any cars, savings accounts, home contents, properties, investments).
- Liabilities – the details of any loans, credit cards, buy now pay later, or other debts you have.
Got everything ready? Book an appointment with one of our home loan specialists today.
Request an appointmentIt’s easy to get started with a BCU Bank home loan. Choose the way that suits you:
- In your nearest branch – remember to bring all your ID and supporting documents with you.
- Over the phone – call us on 1300 228 228 and one of our friendly consultants will help you with your home loan application.
- At home or at work – our mobile lending team can meet at a time and place that suits you, or we can set up a video call.
A little preparation can make your home loan application quicker and easier. Make sure you have the following ready:
- Identity documents
- primary photo ID (e.g. passport or driver licence), or
- primary ID without a photo (e.g. birth certificate or citizenship certificate) and a secondary ID (e.g. utility bill with your name and address on it).
- Employment details – contact details of your current and previous employer (if current is less than two years).
- Income details – payslips or, if you're self-employed, tax assessments for the last two years, and financial statements.
- Regular expenses – such as rent, food, electricity, insurance, telcos, and medical costs.
- Assets – a rundown of any assets that you own (any cars, savings accounts, home contents, properties, investments).
- Liabilities – the details of any loans, credit cards, buy now pay later, or other debts you have.
Got everything ready? Book an appointment with one of our home loan specialists today.
Request an appointmentBecause we're here to help
We'll call you
Drop us your details and one of our home loan specialists will be in touch.
Talk to the team
Got a question? Call us on 1300 228 228, pop into your local branch, or chat to us online.
We’ll come to you
We know your time is precious, so our home lenders will come to you on your terms.
Got a question about home loans?
It's more common than you'd expect to buy a new property before selling your current one, especially when the real estate market is hot.
We have a range of loans available to assist you and the expertise to guide you through the buying and selling process.
Plus, our helpful buying and selling calculator can help you estimate the cost of all the fees involved when buying a property and selling another property at the same time.
If you'd like to speak to a lending specialist about your options, please contact 1300 228 228 or book an appointment online.
Buying a property costs much more than just the purchase price. You'll need to consider additional costs such as stamp duty, building and pest inspection fees, strata costs, pro rata council rates, transfer fees and more.
Use our home buying and selling cost calculator to get an accurate breakdown of the costs involved.
A bridging loan is a short-term fully secured loan, that allows you to finance the purchase of a new home before your current home is sold.
It is also suitable for people who require finance for the construction of a new owner-occupied property while they are actively selling their existing property.
BCU Bank bridging loans are variable rate, interest only loans, with a weekly, fortnightly, or monthly repayment option. Loan terms range between six and 12 months.
For more information on bridging loans, see our Bridging Loan Target Market Determination.
There are many costs (some of them not so obvious) when selling a house that sellers should be aware of. This includes real estate agent fees, settlement fees, advertising fees, conveyancing fees and more.
Our home buying and selling cost calculator can help you estimate the total costs involved.
Important information
Banking and Credit products issued by Police & Nurses Limited (BCU Bank).
Any information on this website is general in nature and does not consider your personal needs, objectives or financial situation. Our rates are current as of today and can change at any time. Credit eligibility criteria, terms and conditions, fees and charges apply.
Please consider the terms and conditions and whether a product is right for you.
- View terms and conditions
- View fees and charges
- View Credit Guide
- Create a Home Loan Key Fact Sheet
- View LMI Information Fact Sheet
- View Target Market Determinations (TMDs)
*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.