Bridging Loan
At a glance…
- For when you’ve found the home you want to buy but haven’t sold your existing property
- Don’t miss an opportunity just because of timing
- Flexible repayment options are available
Bridging Loan
|
Loan Type
|
Reference Rate
|
|
| Bridging Loan |
9.82% p.a. |
10.03% p.a.
(based upon $150,000 over 25 years) |
*Download the Comparison Rate Schedule in PDF format.
| Features |
|
| Interest type |
|
| Purpose |
|
| Don’t miss an opportunity |
- You can purchase a property before you sell your existing home.
|
| Flexible repayments |
- Principal and interest repayments weekly, fortnightly or monthly
- Interest only repayments paid monthly in arrears
- Capitalised interest only repayments.
|
| Additional repayments |
- Yes
- Make lump sum and additional repayments when you want in order to pay off your loan sooner
|
| Statements |
- Issued every 6 months or more often upon request.
|
| Fees |
|
| Loan establishment fee |
$600 |
| Account keeping Fee |
$10 per month |
For a complete guide to the fees and charges on our loans, please download
the Lending
Fees and Charges brochure (PDF, 228kb) or obtain a copy from a
Suncorp
branch near you.
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.
Comparison rate schedules are available at any Suncorp branch.
