Bridging Loan - Owner Occupied

 General Lending Rates

 Product Features

• Redraw Additional Information: Your loan comes with a repayment redraw facility. This gives you access to additional repayments if you?re at least one full repayment ahead, you can redraw $100 or more. It?s simple to redraw using our App or Online Banking.

• Npp Payid Additional Information: Get faster payments between participating banks, anytime with Pay ID

• Npp Enabled

• Other Additional Information: Maximum 12 months. For bridging loans with a continuing debt following the sale of one property, loan to be reviewed on receipt of the sale proceeds to structure the continuing debt. All product options available at that time may be considered.

• Other Additional Information: Monthly

• Card Access Additional Information: You can make extra repayments or repay your loan in full at any time. Extra repayments may enable you to redraw funds, subject to conditions

• Other Additional Information: Splitting is when you divide one loan into two or more loan accounts, generally with different loan types, repayment types or interest rates.

• Digital Banking Additional Information: 24/7 access via internet banking and mobile app

 Product Eligibility

• Natural Person

• Min Age - 18. Additional Information: Individuals must have the legal capacity to enter into the loan contract, provide acceptable identification documentation and be 18 years or older

• Employment Status - Employed.

• Residency Status - Permanent Resident. Additional Information: You must be an Australian citizen or permanent resident to apply

• Other Additional Information: Applications for credit are subject to the Bank?s eligibility and suitability criteria and normal credit approval process.

• Other Additional Information: Loan is restricted to the purchase of an owner-occupied property before an existing property is sold

 Bank Fees and Charges

• Loan Establishment Fee - Mortgage Loan (top Up) (Upfront), Amount: 200.00. Additional Information: A fee charged to vary the value of an existing home loan

• Loan Establishment Fee - Second Mortgage (new) (Upfront), Amount: 400.00. Additional Information: A fee charged for consent to a subsequent new mortgage

• Valuation Fee (Variable), Amount: 0.00. Additional Information: A fee charged to cover the cost of obtaining a valuation report on your property or the property being purchased

• Title Search Fee (Variable), Amount: 0.00. Additional Information: A third party cost for a Title Search to determine any interests in a property

• Registration Fees (Variable), Amount: 0.00. Additional Information: A third party cost for registration of mortgage

• Stamp Duty (mortgage) (Variable), Amount: 0.00. Additional Information: The tax charged on written documents and certain transactions imposed by the state government.

• Pexa Service Fee (Variable), Amount: 0.00. Additional Information: A fee charged to cover third party costs associated with the establishment of your mortgage

• Mortgage Administration Fee (Event), Amount: 150.00. Additional Information: A fee charged if we are asked by you or your legal representative to make any of our loan documents available to you during the life of the loan

• Consent Fee (Event), Amount: 300.00. Additional Information: A fee charged for consent to subdivide, substitute, lease, cross-collateralise or any other matter where we need to reassess the loan in any way

• Late Payment Fee (Event), Amount: 15.00. Additional Information: A fee charged when you don't make your minimum monthly payment, plus any overdue amount

• Default Notice Fee (Event), Amount: 50.00. Additional Information: A fee charged if you default on your repayments and we issue a default notice

• Re-documentation Fee (Event), Amount: 250.00. Additional Information: A fee charged if you request to make a change such as include a Fixed Rate Lock fee after your Loan Offer & Contract documentation has been provided, but prior to loan settlement

 Limitations & Restrictions (Constraints)

• Opening Balance of 0.00

• Max Balance of 5000000.00

• Max Lvr of 0.75 Additional Information: The maximum LVR is 75% during the bridging period. If loan will be fully repaid after the sale of one property, the maximum LVR is 60% during the bridging period.