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Bridging Loan


As the name implies, this is a loan that serves as a short-term bridge, enabling property buyers to purchase a new dwelling before their existing one is sold.

This loan would suit an owner-occupier who is building a new home and would like to remain in their existing home until completion.

A bridging loan also removes the pressure to sell your property quickly.

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Bridging Loan Features:

When to use a Bridging Loan

  Scenario 1 - Gap between settlement

If you have an existing home loan with Orange Credit Union and require finance to meet the short-term gap in the timing between receiving the funds from the sale of your home and buying a new property (i.e. your sales and purchase settlements are on different days).

To meet this short-term need, Orange Credit Union can increase your existing home loan to include the amount required for the new purchase.

If you also require ongoing finance for the new property, Orange Credit Union can offer you a new home loan to meet your longer-term requirements.

  Scenario 2 - Buying a new property

You may require funds for a short period of time to purchase a new property, and then plan to repay the loan in full from the proceeds of the sale of your present property.

To facilitate this, Orange Credit Union could provide a home loan with a term of six months (12 months, if your new property is being constructed).

  Scenario 3 - Switching to Orange Credit Union

You may have an existing home loan with another financial institution and want Orange Credit Union to manage your bridging finance needs.

To assist with this, your existing loan will be transferred to Orange Credit Union and depending on your requirements, we can offer you one of the solutions outlined above.

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