Bridging Loan

Bought a new house before selling the old one? Sometimes when the right property comes up and you just can’t wait; our Bridging Loan is perfect for those times. The maximum term for a Bridging Loan is 12 months and no repayment is required until the loan term has expired or the loan is refinanced.

Rates (effective 22/08/14)

5.69%(p.a.)
5.74%Comparison
rate (p.a.)*

Features and comparisons

  • - maximum 1 year term

  • - available for investment purposes

  • - additional repayments accepted

  • - choose from weekly, fortnightly and monthly repayments


If you have just purchased a property and need to sell your existing property, then a bridging loan is the solution for you. One short-term loan will cover both properties.

 

Terms & Conditions

* The Comparison Rate is based on a loan of $150,000 for 25 years. Fees and charges may be applicable. 
IMPORTANT: The Comparison Rate applies only to the example given. Different amounts and terms will result in different Comparison Rates. Costs such as redraw fees, 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.
1. Terms, conditions, fees and charges apply and are available on application. Loans subject to normal lending criteria and approval.

want to know more?

call bankmecu on 132 888 or email us at mail@bankmecu.com.au
Home Loans Brochures and Guides
Home Buyers Guide (PDF 1.95 MB)
Credit, loans and debt - stay out of trouble when you borrow money (PDF 1.28 MB)
Home and Investment Loans (PDF 582 KB)