Green Brdiging
From 6.79%
*Promotion Rate
About Green Bridging
- Max LVR: 80%
- Max Loan Amount: $2,500,000
- Promotion Rate: 6.79%, LVR 80% P&I
-
Optional 100% Offset Facility available to end debt
- Category 1 and Category 2 Postcodes
- Principal and Interest & Interest only
Loan Purpose and Rate
Bridging Period
Owner Occupied or Investment - IO
8.49% IO (LVR ≤80%)
- Interest rate from 8.49% P.A.
- Comparison rate from 8.86% P.A.
End Debt
Principal & Interest Only
6.79% PI (LVR ≤ 80%)
- Interest rate from 6.79% P.A.
- Comparison rate from 7.15% P.A.
Product Summary
| Security type | Residentials |
| Loan Amount | $250,000 to $2,500,000 |
| Maximum LVR | Up to 80% |
| Loan Term | Bridging Period: Minimum 6 months, maximum 12 months Total loan term including the Bridging Period: Up to 30 years |
| Borrower Type | PAYG, self-employed persons |
| Loan Purpose | Short-term loan to fund the purchase of a new property prior to selling an existing property |
| Repayment Method | Direct Debit, BPAY, Pay Anyone |
| Interest structure | During the Bridging Period, the interest budget will be retained and no repayment will be required. Principal and Interest repayments will be required on the end debt. |
| Bridging Period – IO (LVR ≤ 80%) | 8.49% P.A. (PI) |
| End Debt – P&I (LVR ≤ 80%) | 6.79% P.A. (PI) |
| Application fee | $660 |
Document Checklist
Income Documents (PAYG & Self Employed)
- Subject to requirements of the end debt loan product ( if applicable)
- Full doc Prime and Expat : Refer to R05 and O05
- Alt doc Prime: Refer to R12
Loan Calculator
Refer to credit team for calculator and servicing requirements
* The comparison rate is based on a secured loan of $150,000 and a term of 25 years.
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.